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 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) Convenience Translation into English of Consolidated Financial Statements Originally Issued in Turkish 106 Çelebi Ground Handling Inc. 2019 Annual Report NOTE 25 - INCOME FROM INVESTMENT ACTIVITIES January 1- December 31, 2019 January 1- December 31, 2018 Profit from the sale of fixed assets 4.410.868 3.948.024 4.410.868 3.948.024 NOTE 26 - EXPENSES FROM INVESTMENT ACTIVITIES January 1- December 31, 2019 January 1- December 31, 2018 Loss from the sale of fixed assets (1.046.381) (305.699) Other expenses (221.980) - (1.268.361) (305.699) NOTE 27 - FINANCIAL INCOME January 1- December 31, 2019 January 1- December 31, 2018 Foreign exchange gains 27.859.181 61.633.146 Interest income 17.684.568 11.894.091 Other financial income 9.398.694 4.024.336 54.942.443 77.551.573 NOTE 28 - FINANCIAL EXPENSES January 1- December 31, 2019 January 1- December 31, 2018 Foreign exchange losses (61.523.619) (136.812.378) Financial expenses incurred within the scope of TFRS 16 (58.177.466) - Interest expenses (36.268.541) (24.575.167) Financial expenses incurred within the scope of TFRIC 4-12 (5.945.492) (1.642.786) Other financial expenses (1.465.520) (2.653.786) (163.380.638) (165.684.117)