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 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) Convenience Translation into English of Consolidated Financial Statements Originally Issued in Turkish 88 Çelebi Ground Handling Inc. 2019 Annual Report Short-term portion of long-term financial liabilities: December 31, 2018 Effective interest rate (%) Original balance TL Short-term portion of long-term borrowings: Interest expense accrual - EUR - 955.854 5.761.886 Interest expense accrual - INR - 7.307.610 550.263 INR borrowings 8,80-9,75 386.636.441 29.113.724 EUR borrowings 2,20-5,25 32.235.556 194.315.929 Total short-term portion of total long term financial liabilities : 229.741.802 Long-term financial liabilities: December 31, 2018 Effective interest rate (%) Original balance TL Long term borrowings: INR Borrowings 8,80-9,75 1.151.762.948 86.727.750 EUR Borrowings 2,20-5,25 64.946.154 391.495.420 478.223.170 Long-term finance lease obligations: USD finance lease obligations 9,10 129.304.821 9.736.651 INR finance lease obligations 11,20 12.399 65.230 9.801.881 Total long-term financial liabilities 488.025.051 Total financial liabilities 721.814.428 The redemption schedules of financial liabilities of the Group as at December 31, 2019 and December 31, 2018 are as follows: December 31, 2019 December 31, 2018 Less than 3 months 98.210.046 97.598.929 Between 3-12 months 458.201.162 136.190.448 Between 1-5 years 455.983.261 488.025.051 5 years and more 248.567.025 - 1.260.961.494 721.814.428 The redemption schedules of long-term borrowings as at December 31, 2019 and 2018 are as follows: December 31, 2019 December 31, 2018 Between 1-2 years 162.905.267 271.918.056 Between 2-3 years 90.106.238 72.307.854 Between 3-4 years 61.726.140 68.050.697 4 years and more 25.025.082 65.946.563 339.762.727 478.223.170