ÇELEBİ AR19-270720 (1)

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.) 51 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 LIABILITIES Current liabilities Short-term financial liabilities 7 21.421.438 4.047.575 Short term portion of long term financial liabilities 7 441.030.490 229.741.802 Lease liabilities 12 93.959.280 - Trade payables 134.699.626 99.964.539 - Due to related parties 8 21.948.013 9.649.715 - Due to third parties 8 112.751.613 90.314.824 Employee benefit obligations 18 53.986.507 39.211.242 Other payables 18.401.711 12.845.993 - Due to third parties 9 18.401.711 12.845.993 Deferred income 17 17.032.046 15.698.571 Current income tax liabilities 29 7.569.141 12.443.013 Short-term provisions 23.779.048 18.416.550 - Provisions for employee benefits 14 16.996.522 12.474.484 - Other provisions 14 6.782.526 5.942.066 Other current liabilities 15 8.860.670 9.878.674 Total current liabilities 820.739.957 442.247.959 Non-current liabilities Long-term financial liabilities 7 339.762.727 488.025.051 Lease liabilities 7 364.787.559 - Other payables 16.806.306 16.098.610 - Due to third parties 9 16.806.306 16.098.610 Long-term provisions 28.354.292 27.467.482 - Provisions for employee benefits 14 28.354.292 27.467.482 Deferred tax liabilities 29 21.497.424 5.876.935 Other non-current liabilities 15 55.204.459 188.220.156 Deferred income 17 - 1.036.334 Total non-current liabilities 826.412.767 726.724.568 Total liabilities 1.647.152.724 1.168.972.527 SHAREHOLDER’S EQUITY Equity attributable to equity holders of the parent 510.178.196 336.259.562 Paid-in capital 19 24.300.000 24.300.000 Other accumulated comprehensive income/(expense) not to be reclassified to profit or loss (24.024.964) (24.478.059) - Actuarial gain/(loss) arising from defined benefit plans (24.024.964) (24.478.059) Other accumulated comprehensive income/(expense) to be reclassified to profit or loss 136.376.158 97.242.555 - Foreign currency translation differences 136.376.158 97.242.555 Restricted reserves 19 63.387.956 50.630.456 Retained earnings/(Accumulated deficit) 117.783.967 (16.019.346) Net profit for the year 192.355.079 204.583.956 Non-controlling interest 62.258.768 16.827.952 Total shareholder’s equity 572.436.964 353.087.514 Total liabilities and shareholder’s equity 2.219.589.688 1.522.060.041 CONSOLIDATED STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2019