CELEBI GROUND HANDLING ANNUAL REPORT 2018

ÇELEBİ HAVA SERVİSİ A.Ş. 83 Çelebi Ground Handling 2018 Annual Report Convenience Translation into English of Consolidated Financial Statements Originally Issued in Turkish 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.) Summary of financial statements of DASPL is as follows: December 31, 2018 December 31, 2017 Total Assets 44.129.002 39.007.085 Total Liabilities 10.586.487 15.647.774 January 1 - January 1 - December 31, 2018 December 31, 2017 Revenue 41.299.106 23.642.807 Net profit/(loss) for the period 12.000.729 4.161.350 NOTE 7 - SHORT TERM AND LONG TERM FINANCIAL LIABILITIES Short term financial liabilities: December 31, 2018 Effective interest rate (%) Original balance Effective interest rate (%) Short term borrowings: INR Borrowings 8,80-9,75 47.277.078 3.559.964 3.559.964 Short-term finance lease obligations INR finance lease obligations 9,10 4.473.798 336.877 USD finance lease obligations 11,20 28.652 150.734 487.611 Total short term financial liabilities 4.047.575 Short-term portion of long-term financial liabilities: December 31, 2018 Effective interest rate (%) Original balance Effective interest rate (%) Short-term portion of long-term borrowings: Interest expense accrual - EUR - 955.854 5.761.886 Interest expense accrual - INR - 7.307.610 550.263 INR borrowings 8,80-9,75 386.636.441 29.113.724 EUR borrowings 2,20-5,25 32.235.556 194.315.929 Total short-term portion of total long term financial liabilities 229.741.802 Long-term financial liabilities: December 31, 2018 Effective interest rate (%) Orijinal balance Effective interest rate (%) Long term borrowings: INR Borrowings 8,80-9,75 1.151.762.948 86.727.750 EUR Borrowings 2,20-5,25 64.946.154 391.495.420 478.223.170 Long-term finance lease obligations: INR finance lease obligations 9,10 129.304.821 9.736.651 USD finance lease obligations 11,20 12.399 65.230 9.801.881 Total long-term financial liabilities 488.025.051 Total financial liabilities 721.814.428