ÇHS AR21-ENG-030622

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021 ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ AND ITS SUBSIDIARIES (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) 106 Çelebi Ground Handling Inc. 2021 Annual Report NOTE 25 - INCOME FROM INVESTING ACTIVITIES 1 January - 31 December 2021 1 January - 31 December 2020 Profit from bargain purchase (*) 72.980.816 - Profit from the sale of fixed assets 11.560.515 11.666.817 84.541.331 11.666.817 (*) In 2021, the controlling power in Celebi Nas was reorganized in favor of Celebi Hava, and in accordance with TFRS 3, the difference between the net assets of the Company and the fair value of the company’s equity, amounting to TL 72.980.816, was recorded as a right-of-use asset. NOTE 26 - EXPENSES FROM INVESTING ACTIVITIES 1 January - 31 December 2021 1 January - 31 December 2020 Loss from the sale of fixed assets and abandonment (1.219.124) (1.453.891) (1.219.124) (1.453.891) NOTE 27 - FINANCE INCOME 1 January - 31 December 2021 1 January - 31 December 2020 Foreign exchange income (*) 133.395.201 79.904.342 Interest income 30.069.307 23.934.579 Other financial income 25.070.217 6.078.614 188.534.725 109.917.535 (*) Translation differences arising from functional currency changes are accounted for net in foreign exchange income. NOTE 28 - FINANCE EXPENSES 1 January - 31 December 2021 1 January - 31 December 2020 Foreign exchange losses (20.149.933) (221.143.230) Financial expenses incurred within the scope of TFRS 16 (*) (39.980.238) (162.994.239) Interest expenses (92.122.734) (67.301.269) Financial expenses incurred within the scope of TFRIC 12 (2.554.578) (2.457.451) Other finance expenses (16.550.549) (8.106.368) (171.358.032) (462.002.557) (*) It consists of expenses that do not generate cash outflows within the scope of TFRS 16.