CELEBİ 2021 ANNUAL REPORT

110 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.) NOTE 12 - RIGHT-OF-USE ASSETS Movements in right-of-use assets for the period ended 31 December 2022 are as follows: Opening 1 January 2022 Additions Modifications Foreign currency translation differences Closing 31 December 2022 Cost Buildings and land 1.338.033.236 80.221.313 27.197.395 578.580.301 2.024.032.245 Machinery, plant and equipment 71.217.129 - - 22.886.045 94.103.174 Vehicles 31.825.926 2.283.058 302.221 15.900.484 50.311.689 1.441.076.291 82.504.371 27.499.616 617.366.830 2.168.447.108 Accumulated depreciation Buildings and land (289.166.353) (155.573.340) - (106.433.234) (551.172.927) Machinery, plant and equipment (71.217.129) - - (22.886.045) (94.103.174) Vehicles (17.085.769) (7.986.874) - (6.375.955) (31.448.598) (377.469.251) (163.560.214) - (135.695.234) (676.724.699) Net book value 1.063.607.040 1.491.722.409 Depreciation expense for the period ended 31 December 2022 in the amount of TL 163.560.214 is included in cost of sales. Movements in right-of-use assets for the period ended 31 December 2021 are as follows: Opening 1 January 2021 Celebi Nas opening (*) Additions (**) Foreign currency translation differences Closing 31 December 2021 Cost Buildings and land 605.089.617 666.525 206.997.272 525.279.822 1.338.033.236 Machinery, plant and equipment 46.908.480 - - 24.308.649 71.217.129 Vehicles 9.401.947 - 11.141.685 11.282.294 31.825.926 661.400.044 666.525 218.138.957 560.870.765 1.441.076.291 Accumulated depreciation Buildings and land (99.237.825) (318.770) (82.856.064) (106.753.694) (289.166.353) Machinery, plant and equipment (43.747.900) - (1.974.539) (25.494.690) (71.217.129) Vehicles (7.748.997) - (2.871.643) (6.465.129) (17.085.769) (150.734.722) (318.770) (87.702.246) (138.713.513) (377.469.251) Net book value 510.665.322 1.063.607.040 (*) It is related to the full consolidation of Celebi Nas. (**) 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. Depreciation expense for the period ended 31 December 2021 in the amount of TL 87.702.246 is included in cost of sales.