ÇELEBİ AR19-270720 (1)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2019 ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ Convenience Translation into English of Consolidated Financial Statements Originally Issued in Turkish (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) 99 Çelebi Ground Handling Inc. 2019 Annual Report Movements in the provision for unused vacation rights are as follows: 2019 2018 January 1 6.512.563 4.839.679 Payments of provisions during the year (1.065.472) (632.401) Increase in unused vacation rights during the year 9.237.117 6.249.535 Usage of vacation rights during the year (6.952.913) (4.374.659) Currency translation differences 208.374 430.409 As of period end 7.939.669 6.512.563 b) Contingent assets and liabilities Gurantess received and given as of December 31, 2019 and December 31, 2018 are as follows: Guarantees received: December 31, 2019 December 31, 2018 Guarantee letters 20.894.918 18.709.268 Guarantee cheques 1.554.302 1.503.672 Guarantee notes 1.660.231 1.932.256 24.109.451 22.145.196 Guarantees given: December 31, 2018 December 31, 2017 Guarantee letters 228.155.587 190.664.947 Collaterals (*) 194.493.126 175.772.990 Pledged shares (*) 35.860.261 32.408.518 458.508.974 398.846.455 (*) TL 230.353.387 of the colleterals given and pledged shares are given to the banks for the loans borrowed by the subsidiaries and joint venture of the Group (December 31, 2018: TL 208.181.508) (Note 31). The litigations and claims those generate contingent assets and liabilities to the Group are as below: As of December 31, 2019, the Group has contingent liabilities amounting to TL 25.733.093 (December 31, 2018: TL 25.928.433) due to the legal cases and enforcement proceedings in progress against the Group.