CELEBI GROUND HANDLING ANNUAL REPORT 2018

ÇELEBİ HAVA SERVİSİ A.Ş. 84 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 Short term financial liabilities: December 31, 2017 Effective interest rate (%) Original balance Effective interest rate (%) Short term borrowings: INR Borrowings 10,00 12.299.712 726.913 726.913 Short-term finance lease obligations USD finance lease obligations 11,20 24.778 249.354 INR finance lease obligations 9,10 4.219.188 93.462 342.816 Total short term financial liabilities 1.069.729 Short-term portion of long-term financial liabilities: December 31, 2017 Effective interest rate (%) Original balance Effective interest rate (%) Short-term portion of long-term borrowings: Interest expense accrual - EUR - 271.026 1.223.818 Interest expense accrual - INR - 5.824.247 344.213 INR borrowings 8,55 - 13,00 171.583.553 10.140.588 EUR borrowings 2,20 - 2,75 10.200.000 46.058.100 Total short-term portion of total long term financial liabilities 57.766.719 Long-term financial liabilities: December 31, 2017 Effective interest rate (%) Original balance Effective interest rate (%) Long term borrowings: INR Borrowings 8,55 - 13,00 1.014.304.196 59.945.378 EUR Borrowings 2,20 - 2,75 47.550.000 214.712.025 274.657.403 Long-term finance lease obligations: USD finance lease obligations 11,20 35.827 135.136 INR finance lease obligations 9,10 130.690.677 7.723.819 7.858.955 Total long-term financial liabilities 282.516.358 Total financial liabilities 341.352.806