CELEBİ 2021 ANNUAL REPORT

127 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.) As of 31 December 2022 and 2021, collaterals given in favour of the subsidiaries and joint venture of the Group for the loans borrowed by them are as follow: 31 December 2022 EUR INR Total TL Celebi Nas (1) - 94.392.000 21.393.947 Celebi Delhi Cargo (2) - 313.600.000 71.077.440 CASI (3) - 2.499.800.000 566.579.670 Celebi Cargo GmbH (4) 2.050.000 - 40.940.140 2.050.000 2.907.792.000 699.991.197 31 December 2021 EUR INR Total TL Celebi Nas (1) - 94.392.000 16.482.731 Celebi Delhi Cargo (2) - 336.000.000 58.672.320 CASI (3) - 2.035.800.000 355.491.396 Celebi Cargo GmbH (4) 2.050.000 - 30.983.495 2.050.000 2.466.192.000 461.629.942 (1) Within the scope of the long-term project finance and working capital loan agreement signed between Celebi Nas and a bank resident in India amounting to INR 2.345.000.000 cash and INR 845.000.000 non-cash, 30% of the 57% shares of Celebi Nas owned by the Company has been pledged in favor of the lender bank to fulfill financial obligations arising from the agreement. As of December 2022, the risk of the cash loan in the respective bank is amounting to INR 573.178.790. (2) Within the scope of the long-term project finance and working capital loan agreement signed between Celebi Delhi Cargo and a bank resident in India amounting to INR 1.200.000.000 cash and INR 100.000.000 non-cash, 28% of the shares of the Company has been pledged in favor of the lender bank to fulfill financial obligations arising from the agreement. As of December 2022, the risk of the cash loan in the respective bank is amounting to INR 420.340.944. (3) Celebi Airport Services has a borrowing amounting to INR 2.049.800.000 cash and INR 600.000.000 non-cash within the scope of the long-term project finance and working capital loan agreement signed between the Company and a bank resident in India. As of 31 December 2022, the risk of the cash loan in the respective bank is amounting to INR 796.485.210. (4) As of 31 December 2022, the cash credit risk amount in the relevant banks is EUR 2.000.000 for financial liabilities arising from cash and non-cash loan agreements amounting to EUR 2.000.000 and EUR 50.000, respectively signed between Celebi Cargo GmbH and banks residing in Germany. Key management compensation: The Group has determined key management personnel as members of board of directors, general manager and vice general managers. Key management compensation includes salaries, bonuses, social security contributions and other benefits provided to key management of the Group: 1 January - 1 January - 31 December 2022 31 December 2021 Short-term key management compensation 70.983.015 32.978.958 70.983.015 32.978.958