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 92 Çelebi Ground Handling Inc. 2019 Annual Report NOTE 9 - OTHER RECEIVABLES AND PAYABLES December 31, 2019 December 31, 2018 Receivables from tax office 7.306.028 28.750.070 Deposits and guarentees given 3.120.589 4.774.448 Other miscellaneous receivables (*) 33.328.000 - Short term other due from related parties 43.754.617 33.524.518 Due from related parties (Note 31) 26.647.884 24.164.660 Total short-term other receivables 70.402.501 57.689.178 (*) Other miscellaneous receivables consist of short term loan given by Delhi Cargo to GMR Infrastructure Limited in the amount of 400.000.000 Indian Rupee. Other long term receivables December 31, 2019 December 31, 2018 Deposits and guarantees given (*) 69.505.234 55.750.097 Due from third parties 69.505.234 55.750.097 Due from related parties (Note 31) 81.497.007 95.869.814 Total long-term other receivables 151.002.241 151.619.911 (*) As of December 31, 2019, deposits and guarantees given predominantly consists of the deposits given by the subsidiaries of the Group, CASI and Celebi Delhi Cargo, to the local authorities and companies amounting to TL 27.144.908 (December 31, 2018: TL 34.172.242) and TL 41.951.946 (December 31, 2018: TL 21.173.569). Other short-term payables December 31, 2019 December 31, 2018 Other short-term payables (*) 15.532.722 12.536.171 Deposits and guarantees received 2.868.989 309.822 18.401.711 12.845.993 (*) As of December 31, 2019, TL 13.489.143 of other short-term payables (December 31, 2018: TL 11.474.289) are the payables of Celebi Delhi Cargo, a subsidiary of the Group, to its shareholder of Delhi International Airport Private Limited’e (DIAL) due to the concession contract signed between the parties. Other long-term payables December 31, 2019 December 31, 2018 Deposits and guarantees received 16.806.306 16.098.610 16.806.306 16.098.610 NOTE 10 - INVENTORIES December 31, 2019 December 31, 2018 Merchandises 3.200.070 3.053.738 Other inventories (*) 13.324.664 11.059.888 16.524.734 14.113.626 (*) Other inventories include fuel oil, baggage sticker, boarding passes, miscellaneous periodicals, clothes and spare parts.