CELEBI GROUND HANDLING ANNUAL REPORT 2018

ÇELEBİ HAVA SERVİSİ A.Ş. 80 Çelebi Ground Handling 2018 Annual Report NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2018 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) Convenience Translation into English of Consolidated Financial Statements Originally Issued in Turkish The reconciliation of the total liabilities of the geographical segment liabilities to the financial statements is as follows: Total liabilities December 31, 2018 December 31, 2017 Turkey 111.139.031 88.793.858 India 280.744.894 210.816.171 Hungary 24.854.916 17.252.212 Germany 26.434.642 22.526.078 Segment liabilities (*) 443.173.483 339.388.319 Unallocated liabilities (*) 727.691.363 346.999.617 Deduction: Inter-segment elimination (1.892.319) (19.200.924) Total liabilities as per consolidated financial statements 1.168.972.527 667.187.012 (*) Segment liabilities are generally formed of liabilities that are related with operations and do not include financial liabilities, deferred income tax liabilities and current income tax liabilities. Geographical region Geographical segment analysis of the operating profit/(loss) for the period January 1 - December 31, 2018 is as follows: Turkey (*) Hungary India Germany Total Combined Intersegment Adjustment Total Revenue 694.253.222 210.619.016 316.483.664 118.096.763 1.339.452.665 (5.182.611) 1.334.270.054 Cost of sales (417.797.511) (137.655.446) (239.486.403) (87.726.700) (882.666.060) 5.496.938 (877.169.122) Gross profit 276.455.711 72.963.570 76.997.261 30.370.063 456.786.605 314.327 457.100.932 General administrative expenses (109.571.456) (25.586.379) (35.835.396) (16.489.857) (187.483.088) 737.833 (186.745.255) Other operating income/expenses - net 5.242.417 878.784 33.275 564.963 6.719.439 (1.144.601) 5.574.838 Operating profit/ (loss) 172.126.672 48.255.975 41.195.140 14.445.169 276.022.956 (92.441) 275.930.515 Geographical segment analysis of the operating profit/(loss) for the period January 1 - December 31, 2017 is as follows: Turkey (*) Hungary India Germany Total Combined Intersegment Adjustment Total Revenue 499.806.883 125.242.443 222.111.554 74.638.977 921.799.857 (4.010.194) 917.789.663 Cost of sales (315.405.010) (83.248.677) (185.818.234) (67.479.098) (651.951.019) 2.657.519 (649.293.500) Gross profit 184.401.873 41.993.766 36.293.320 7.159.879 269.848.838 (1.352.675) 268.496.163 General administrative expenses (74.898.387) (17.187.297) (20.132.529) (14.654.115) (126.872.328) 1.479.362 (125.392.966) Other operating income/expenses - net 4.732.504 (244.627) 152.162 733.165 5.373.204 (114.378) 5.258.826 Operating profit/ (loss) 114.235.990 24.561.842 16.312.953 (6.761.071) 148.349.714 12.309 148.362.023 *Profit/loss amounts related to rent operations of Çelebi Hava in Frankfurt are included in total.