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.) 59 Çelebi Ground Handling Inc. 2019 Annual Report The accompanying notes form an integral part of these consolidated financial statements. Notes Current Period Audited Prior Period Audited January 1 - December 31 2019 January 1 - December 31 2018 B. Cash flows from investing activities (170.152.403) (209.267.856) Cash outflows due to purchase of shares or capital increase of associates and/or joint ventures (13.923.000) - Cash inflows from the sale of property, plant and equipment and intangible asset 9.101.465 9.109.365 - Cash inflows from the sale of property, plant and equipment 9.101.465 9.109.365 Cash outflows from the purchase of property, plant and equipment and intangible asset (190.877.547) (226.921.893) - Cash outflows from the purchase of property, plant and equipment 11 (175.742.802) (204.586.286) - Cash outflows from the purchase of intangible asset 13 (15.134.745) (22.335.607) Dividend received 6 1.259.375 8.544.672 Cash advances to related parties and repayments from debts 24.287.304 - C. Cash flows from financing activities (203.739.201) 40.316.391 Leasing payments (73.943.183) - Cash inflows from financial liabilities 7 339.884.116 259.515.220 Cash outflows due to debt payments of financial liabilites 7 (326.438.040) (140.952.126) Dividend paid (128.803.766) (76.545.000) Interest paid (32.122.896) (13.595.794) Interest received 7 17.684.568 11.894.091 Net increase/decrease in cash and cash equivalents, before the effect of foreign currency translation differences (54.113.029) 153.084.804 D. Impact of foreign currency translation differences 66.324.883 (69.758.446) Net increase/decrease in cash and cash equivalents 12.211.854 83.326.358 E. Cash and cash equivalents at beginning of period 196.730.773 113.404.415 Cash and cash equivalents at end of period 4 208.942.627 196.730.773 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE PERIOD OF 1 JANUARY - 31 DECEMBER 2019