CELEBİ 2021 ANNUAL REPORT

102 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.) Long-term borrowings: 31 December 2022 Effective interest rate (%) Original balance TL Long-term borrowings: INR Borrowings 5,50-10,00 1.328.424.112 301.087.325 EUR Borrowings 2,75-6,07 9.882.354 197.358.515 498.445.840 Long-term lease obligations: INR lease obligations 720.977.079 163.409.455 EUR lease obligations 65.277.757 1.303.649.028 TL lease obligations 34.050.015 34.050.015 Total long-term lease obligations 1.501.108.498 Total long-term borrowings 1.999.554.338 Total borrowings 3.009.391.091 Short-term borrowings: 31 December 2021 Effective interest rate (%) Original balance TL Short-term borrowings: EUR Borrowings 20,24-21,00 72.619.920 72.619.920 TL Borrowings 3,00-3,95 6.450.000 97.484.655 170.104.575 Short-term lease obligations: INR lease obligations 229.230.924 40.028.304 EUR lease obligations 9.335.527 141.096.228 TL lease obligations 16.991.050 16.991.050 HUF lease obligations 24.189.990 961.794 Total short-term lease obligations 199.077.376 Short-term portion of long-term borrowings: 31 December 2021 Effective interest rate (%) Original balance TL Short-term portion of long-term borrowings: Interest expense accrual - EUR 568.679 8.594.951 Interest expense accrual - INR 3.584.790 625.976 Interest expense accrual -TL 2.332.336 2.332.336 INR borrowings 5.50-8.68 616.115.353 107.586.063 EUR borrowings 1.89-5.75 29.801.131 450.411.311 TL borrowings 9.95-21.00 104.454.298 104.454.298 Short-term portion of total long-term borrowings: 674.004.935 Total short-term borrowings: 1.043.186.886