ÇELEBİ AR19-270720 (1)

49 Çelebi Ground Handling Inc. 2019 Annual Report CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD JANUARY 1 - 31 DECEMBER 2019 AND INDEPENDENT AUDITOR’S REPORT CONTENTS PAGE CONSOLIDATED STATEMENT OF FINANCIAL POSITION 50-51 CONSOLIDATED STATEMENT OF PROFIT OR LOSS 52 CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME 53 CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY 54-56 CONSOLIDATED STATEMENT OF CASH FLOWS 58-59 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 60-120 NOTE 1 ORGANIZATION AND NATURE OF OPERATIONS OF THE GROUP 60 NOTE 2 BASIS OF PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS 62 NOTE 3 SEGMENT REPORTING 82 NOTE 4 CASH AND CASH EQUIVALENTS 84 NOTE 5 FINANCIAL INVESTMENTS 85 NOTE 6 INVESTMENT ACCOUNTED BY USING THE EQUITY METHOD 85 NOTE 7 SHORT TERM AND LONG TERM FINANCIAL LIABILITIES 86 NOTE 8 TRADE RECEIVABLES AND PAYABLES 90 NOTE 9 OTHER RECEIVABLES AND PAYABLES 92 NOTE 10 INVENTORIES 92 NOTE 11 PROPERTY, PLANT AND EQUIPMENT 93 NOTE 12 RIGHT OF USE ASSETS 94 NOTE 13 INTANGIBLE ASSETS 95 NOTE 14 PROVISIONS, COMMITMENTS, CONTINGENT ASSETS AND LIABILITIES 97 NOTE 15 OTHER ASSETS AND LIABILITIES 100 NOTE 16 PREPAID EXPENSES 101 NOTE 17 DEFERRED INCOME 102 NOTE 18 LIABILITIES FOR EMPLOYEE BENEFITS 102 NOTE 19 EQUITY 102 NOTE 20 REVENUE AND COST OF SALES 104 NOTE 21 EXPENSES BY NATURE 104 NOTE 22 GENERAL ADMINISTRATIVE EXPENSES 105 NOTE 23 OTHER OPERATING INCOME 105 NOTE 24 OTHER OPERATING EXPENSE 105 NOTE 25 INCOME FROM INVESTMENT ACTIVITIES 106 NOTE 26 EXPENSES FROM INVESTMENT ACTIVITIES 106 NOTE 27 FINANCIAL INCOME 106 NOTE 28 FINANCIAL EXPENSES 106 NOTE 29 TAX ASSETS AND LIABILITIES 107 NOTE 30 EARNINGS PER SHARE 110 NOTE 31 RELATED PARTY DISCLOSURES 110 NOTE 32 FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT 114 NOTE 33 FINANCIAL INSTRUMENTS 119 NOTE 34 SUBSEQUENT EVENTS 120