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 110 Çelebi Ground Handling Inc. 2019 Annual Report The table of deferred tax movement is as follows: January 1 - December 31, 2019 January 1 - December 31, 2018 January 1, 2019 92.662.869 48.396.193 Foreign currency translation differences 6.821.462 14.939.749 Deferred tax income/(expenses) for the current period 35.616.893 28.004.641 Recognized in other comprehensive income (38.255) 1.322.286 Cancellation of Provision for operational leasing equalization (53.972.572) - Ending of the period 81.090.397 92.662.869 NOTE 30 - EARNINGS PER SHARE Earnings per share disclosed in the consolidated statements of income are determined by dividing the net income by the weighted average number of shares that have been outstanding during the year. Companies can increase their capital by distributing shares (“Bonus Shares”) to existing shareholders from retained earnings in proportion of their shares. When earnings per share are calculated, these bonus shares are considered as issued shares. Therefore, weighted average of shares used in earnings per share calculation are obtained by retrospective application of the issuance of the shares as free of charge. Earnings per share are determined by dividing net profit attributable to shareholders by the weighted average number of issued ordinary shares as below: January 1- December 31, 2019 January 1- December 31, 2018 Net profit/(loss) attributable to the parent company 192.355.079 204.583.956 Weighted average number of shares with 1 KR face value each 2.430.000.000 2.430.000.000 Earnings/(loss) per share (Kr) 0,079 0,084 NOTE 31 - RELATED PARTY DISCLOSURES Details of amounts due from and due to related parties as of reporting periods and a summary of transactions with related parties during the period are as follows: i) Balances with related parties Short term receivables from related partiess December 31, 2019 December 31, 2018 Celebi NAS (4) 1.419.418 759.928 Celebi Ground Services Austria (2) 1.337.241 401.506 Çelebi Havacılık Holding (1) 876.980 378.227 Diğer 239.747 68.985 3.873.386 1.608.646