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.) 118 Çelebi Ground Handling Inc. 2021 Annual Report 31 December 2020 TL Equivalent USD Euro GBP 1. Trade Receivables 72.156.563 1.404.438 6.865.894 - 2. Monetary Financial Assets 286.283.312 9.060.313 24.285.390 102.146 3. Other 40.392.859 366.053 4.185.202 600 4. Current Assets (1+2+3) 398.832.734 10.830.804 35.336.486 102.746 5. Other 74.351.954 - 8.254.083 - 6. Non-Current Assets (5) 74.351.954 - 8.254.083 - 7. Total Assets (4+6) 473.184.688 10.830.804 43.590.569 102.746 8. Trade Payables 22.957.938 1.195.308 1.573.931 600 9. Financial Liabilities 475.574.738 - 52.795.295 - 10. Other Monetary Liabilities 10.087.684 - 1.033.528 78.216 11. Short-Term liabilities (8+9+10) 508.620.360 1.195.308 55.402.754 78.816 12. Financial Liabilities 766.853.868 - 85.131.259 - 13. Other Monetary Liabilities - - - - 14. Long-Term Liabilities (12+13) 766.853.868 - 85.131.259 - 15. Total Liabilities (11+14) 1.275.474.228 1.195.308 140.534.013 78.816 16. Net Foreign Currency Asset/(Liability) Position (7-15) (802.289.540) 9.635.496 (96.943.444) 23.930 17. Net Monetary Foreign Currency Asset/(Liability) Position (7-15) (802.289.540) 9.635.496 (96.943.444) 23.930 Capital risk management The Group’s objectives when managing capital is able to maintain operations of the Group for maintaining optimal capital structure in order to provide return for its shareholders, reduce capital cost and benefit for other shareholders. The shareholders of the Company, in order to maintain or modify capital structure, can change the amount of dividends paid to shareholders, return capital to shareholders, issue new shares and sell assets to decrease financing needs, in consistency with the regulations of the CMB. Consistent with others in the industry, the Group monitors capital on the basis of the debt / equity ratio. This ratio is found by dividing net debt to total capital. Net debt is calculated as total liabilities less cash and cash equivalents. Total capital invested is calculated as equity, as shown in the balance sheet, plus net debt.