CELEBİ 2021 ANNUAL REPORT

101 Çelebi Ground Handling Inc. 2022 Annual Report NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022 ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ AND ITS SUBSIDIARIES (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) Shares of profit/loss from investments accounted using the equity method: 1 January- 1 January- 31 December 2022 31 December 2021 DASPL (6.329.697) 3.781.303 (6.329.697) 3.781.303 Summary information of financial statements of the investment accounted by using the equity method: Summary information of DASPL is as follows: 31 December 2022 31 December 2021 Total Assets 69.559.096 93.492.109 Total Liabilities 4.866.078 10.045.060 1 January- 1 January- 31 December 2022 31 December 2021 Total Sales Income 26.281.810 61.779.125 Profit for the Period (25.328.921) 15.131.266 NOTE 7 - SHORT-TERM AND LONG-TERM BORROWINGS Short-term lease obligations: 31 December 2022 Effective interest rate (%) Original balance TL INR lease obligation 329.465.625 74.673.384 EUR lease obligation 10.653.137 212.751.662 TL lease obligation 29.552.607 29.552.607 HUF lease obligation 13.829.613 690.236 Total short-term lease obligations 317.667.889 Short-term portion of long-term borrowings: Interest expense accrual - EUR 721.399 14.406.916 Interest expense accrual -INR 9.941.977 2.253.349 Interest expense accrual -TL 12.554 12.554 INR borrowings 5,50-10,00 448.722.912 101.703.048 EUR borrowings 2,75-6,07 27.209.646 543.398.396 TL borrowings 16,00-19,75 30.394.601 30.394.601 Total short-term portion of long-term borrowings: 692.168.864 Total short-term borrowings: 1.009.836.753