CELEBI GROUND HANDLING ANNUAL REPORT 2018

ÇELEBİ HAVA SERVİSİ A.Ş. 87 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.) Credit risks exposed by the Group for each financial instrument type as of December 31, 2018 and 2017 are shown below: Trade receivables Other receivables December 31, 2018 Related party Other Related party Other Bankdeposits (*) The maximum of credit risk exposed at 1.608.646 173.723.215 120.034.474 89.274.615 248.073.162 the reporting date - Amount of risk covered bu guarentees - 1.459.146 - - - Net carrying value of financial assets which are not due or not impaired 1.608.646 114.331.364 120.034.474 89.274.615 248.073.162 Net carring value of financial assets which are overdue but not impaired - 59.391.851 - - - - Amount of risk covered bu guarentees - 840.923 - - - Net carrying value of impaired assets - Overdue (gross carrying value) - 12.329.145 - - - - Impairment amount (-) - Amount of risk covered by guarentees - (12.329.145) - - - The maximum of credit risk exposed at (*) Relevant balance includes restricted bank balances that are classified under financial investments. Trade receivables Other receivables December 31, 2017 Related party Other Related party Other Bankdeposits (*) The maximum of credit risk exposed at the reporting date 1.702.170 116.337.947 - 43.267.998 120.039.692 - Amount of risk covered bu guarentees - 5.820.013 - - - Net carrying value of financial assets which are not due or not impaired 1.702.170 73.333.624 - 43.267.998 120.039.692 Net carring value of financial assets which are overdue but not impaired - 43.004.323 - - - - Amount of risk covered bu guarentees - 5.009.731 - - - Net carrying value of impaired assets - Overdue (gross carrying value) - 6.112.405 - - - - Impairment amount (-) - - - - - - Amount of risk covered by guarentees - (6.112.405) - - - The maximum of credit risk exposed at - - - - - (*) Relevant balance includes restricted bank balances that are classified under financial investments. Aging which is prepared considering the overdue days of overdue receivables that are not impaired including receivables from related parties is as follows: December 31, 2018 December 31, 2017 Overdue 1 month 21.143.433 17.121.644 Overdue 1-3 months 26.399.096 15.489.682 Overdue 3-12 months 11.777.601 6.648.675 Overdue 1-5 years 71.721 3.744.322 59.391.851 43.004.323 Credit risk covered by guarantees of overdue receivables that are not impaired as of December 31, 2018 is 840.923 TL. (December 31, 2017: 5.009.731TL)