ÇELEBİ AR19-270720 (1)

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 50 Çelebi Ground Handling Inc. 2019 Annual Report The accompanying notes form an integral part of these consolidated financial statements. Notes Current Period Prior Period Audited Audited December 31, 2019 December 31, 2018 ASSETS Current Assets Cash and cash equivalents 4 209.130.875 197.023.791 Financial investments 57.747.115 51.444.157 - Restricted cash 5 57.747.115 51.444.157 Trade receivables 216.999.043 175.331.861 - Due from related parties 8 3.873.386 1.608.646 - Due from third parties 8 213.125.657 173.723.215 Other receivables 70.402.501 57.689.178 - Due from third parties 9 43.754.617 33.524.518 - Due from related parties 9 26.647.884 24.164.660 Inventories 10 16.524.734 14.113.626 Prepaid expenses 16 29.502.211 21.045.610 Current income tax assets 29 6.456.151 251.958 Other current assets 15 16.389.181 6.554.957 Total current assets 623.151.811 523.455.138 Non-current assets Financial investments 5 334.290 166.650 Other long-term receivables 151.002.241 151.619.911 - Due from related parties 9 81.497.007 95.869.814 - Due from third parties 9 69.505.234 55.750.097 Investments accounted using the equity method 6 129.954.118 95.725.908 Property, plant and equipment 11 457.159.082 321.805.178 Right of use assets 12 428.056.013 - Intangible assets 285.431.765 263.033.821 - Goodwill 13 60.932.266 43.925.159 - Other intangible assets 13 224.499.499 219.108.662 Prepaid expenses 16 20.038.235 43.673.520 Deferred tax asset 29 102.587.821 98.539.804 Other non-current assets 15 21.874.312 24.040.111 Total non-current assets 1.596.437.877 998.604.903 Total assets 2.219.589.688 1.522.060.041 CONSOLIDATED STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2019