CELEBİ 2021 ANNUAL REPORT

115 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.) Movements in the provision for unused vacation rights for the period between 1 January 2022 - 31 December 2022 are as follows: 2022 2021 As of 1 January 18.976.928 11.490.497 Payments of provisions during the period (3.467.182) (2.031.322) Increase in unused vacation rights during the period 16.366.732 3.164.771 Transfers 2.702.131 1.785.337 Foreign currency translation differences 4.167.061 4.567.645 As of period end 38.745.670 18.976.928 c) Contingent assets and liabilities Guarantees received and given as of 31 December 2022 and 2021 are as follows: Guarantees received: 31 December 2022 31 December 2021 Guarantee letters 69.992.103 44.254.017 Guarantee cheques 4.872.917 5.547.267 Guarantee notes 4.746.045 3.485.511 79.611.065 53.286.795 Guarantees given: 31 December 2022 31 December 2021 Guarantee letters 383.465.116 228.624.438 Collaterals (*) 607.519.810 386.474.891 Pledged shares (*) 92.471.387 75.155.051 1.083.456.313 690.254.380 (*) TL 699.991.197 of the collaterals given and pledged shares are given to the banks for the loans borrowed by the subsidiaries and joint venture of the Group (31 December 2021: TL 461.629.942) (Note 31). As of 31 December 2022, the litigations those generate contingent assets and liabilities to the Group are as below: As of 31 December 2022, the Group has contingent liabilities amounting to TL 53.326.350 (31 December 2021: TL 39.894.723) due to the legal cases, criminal liabilities and enforcement proceedings in progress against the Group. United States Sanctions The Company has applied to the American Export Enforcement Office (“EEO”) by authorizing an American international law firm. In the response given by the EEO to the relevant application, the US Export Administration Regulations were reminded and the legislation was repeated that some Russian-origin aircraft could not be serviced, and it was explained under which conditions Russian-origin aircraft could be serviced. The Group is working on how to implement operational changes in order to eliminate the risk of sanctions violations, together with the authorized American international law firm, Turkey, India and EEO officials.