CELEBİ 2021 ANNUAL REPORT

120 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 20 - REVENUE AND COST OF SALES 1 January - 1 January - 31 December 2022 31 December 2021 Ground handling services 3.871.797.432 1.373.592.512 Revenue from cargo and warehouse services 2.295.468.720 1.203.739.029 Rent and allocation revenue not related to aviation 125.944.129 71.032.024 Revenue in the context of TFRIC 12 7.801.842 1.723.680 Less: Returns and discounts (229.003.582) (89.898.410) Revenue 6.072.008.541 2.560.188.835 Cost of sales (3.902.275.886) (1.728.319.360) Gross profit 2.169.732.655 831.869.475 NOTE 21 - EXPENSES BY NATURE 1 January - 1 January - 31 December 2022 31 December 2021 Personnel expenses (1.973.209.773) (828.802.760) Concession expenses (697.993.443) (340.139.936) Depreciation and amortization expense (366.282.358) (206.052.038) Payments to authorities and terminal managements (*) (365.423.921) (179.692.394) Technical maintenance of equipment, fuel and security expenses (345.304.554) (158.203.180) Consultancy expense (****) (253.414.398) (125.300.924) Insurance expense (40.110.223) (23.236.101) Expenses within the scope of TFRIC 12 (**) (27.717.570) (14.371.166) Cost of sales (***) (22.020.547) (7.756.626) Travel and transportation expense (21.910.988) (7.651.102) Other expenses (379.526.412) (115.314.588) (4.492.914.187) (2.006.520.815) (*) Payments to authorities and terminal managements are composed of royalty, rental facilities and check-in desks within the airport area, working licenses and similar expenses, office rental expenses and other miscellaneous expenses related to utilization of office area. (**) Aforementioned expenses are composed of construction costs calculated in accordance with TFRIC 12 and provisions for other liabilities within the scope of concession agreement. (***) Aforementioned expenses are composed of sales and utilization cost of de-icing and spare part inventories. (****) TL 187.573.446 of the consultancy expenses are comprised of share of holding company expenses (1 January - 31 December 2021: TL 97.329.153).