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 Convenience Translation into English of Consolidated Financial Statements Originally Issued in Turkish (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) 87 Çelebi Ground Handling Inc. 2019 Annual Report Short-term portion of long-term borrowings: December 31, 2019 Effective interest rate (%) Original balance TL Short-term portion of long-term borrowings: Interest expense accrual - EUR - 604.175 4.018.126 Interest expense accrual -INR - 5.456.673 454.650 INR borrowings 8,80-9,75 339.723.728 28.305.781 EUR borrowings 2,20-5,25 61.385.730 408.251.933 Short-term portion of total long term borrowings: 441.030.490 Total short term liabilities: 556.411.208 Long-term financial liabilities: December 31, 2019 Effective interest rate (%) Original balance TL Long-term borrowings: INR Borrowings 8,80-9,75 1.130.285.862 94.175.418 EUR Borrowings 2,20-5,25 36.927.091 245.587.309 339.762.727 Long-term finance lease obligations: Long-term finance lease obligations - INR 271.545.091 22.625.137 Long-term finance lease obligations - EUR 49.205.234 327.244.330 Long-term finance lease obligations - TL 11.488.327 11.488.327 Long-term finance lease obligations - HUF 170.465.457 3.429.765 Total long-term finance lease obligations 364.787.559 Total long-term financial liabilities 704.550.286 Total financial liabilities 1.260.961.494 Short term financial liabilities: December 31, 2018 Effective interest rate (%) Original balance TL Short term borrowings: INR Borrowings 8,80-9,75 47.277.078 3.559.964 3.559.964 Short-term finance lease obligations USD finance lease obligations 9,10 4.473.798 336.877 INR finance lease obligations 11,20 28.652 150.734 487.611 Total short term financial liabilities 4.047.575