CELEBİ 2021 ANNUAL REPORT

104 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.) The repayment schedule of the Group’s floating rate borrowings as of 31 December 2022 and 2021 is as follows: 31 December 2022 31 December 2021 Less than 3 months 24.606.622 24.245.987 Between 3-12 months 79.349.774 83.966.052 Between 1-5 years 294.881.584 218.724.153 5 years and more 6.205.742 6.002.562 405.043.722 332.938.754 The movement table of loans between 1 January 2022 and 31 December 2022 is as follows: 2022 2021 Beginning of the period - 1 January 1.478.468.803 1.090.963.506 Celebi Nas beginning of the period (*) - 111.712.766 New financial liabilities 313.965.093 497.012.095 Principal payments (943.342.149) (768.216.693) Interest payments (93.411.378) (80.569.471) Exchange differences and foreign currency translation differences 333.193.122 548.399.436 Change in interest accruals 101.741.213 79.167.164 End of the period - 31 December 1.190.614.704 1.478.468.803 (*) It is related to the full consolidation of Celebi Nas. The movement table of borrowings from lease transactions between 1 January 2022 and 31 December 2022 is as follows: 2022 2021 Beginning of the period - 1 January 1.262.208.003 714.699.774 Celebi Nas beginning of the period (*) - 399.928 Additions 110.003.987 145.158.142 Interest expense 98.346.817 39.980.238 Lease payments (185.916.269) (119.119.474) Exchange differences and foreign currency translation differences 534.133.849 481.089.395 End of the period - 31 December 1.818.776.387 1.262.208.003 (*) It is related to the full consolidation of Celebi Nas.