CELEBİ 2021 ANNUAL REPORT

129 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 table below demonstrates the Group’s liquidity risk arising from financial liabilities: Contractual 31 December 2022 Book value Total cash outflows Less than 3 months 3-12 months 1-5 years More than 5 years Non-derivative financial liabilities Loans 1.190.614.704 1.278.856.927 306.070.981 464.261.582 502.244.362 6.280.002 Liabilities from leasing obligations 1.818.776.387 2.128.341.685 53.869.423 161.608.268 161.608.268 1.175.210.929 Trade payables -Related party 3.291.944 3.291.944 3.291.944 - - - -Other 442.994.548 442.994.548 152.982.822 290.011.726 - - Other liabilities 82.586.308 82.586.308 17.595.667 10.824.488 54.166.153 - Contractual 31 December 2021 Book value Total cash outflows Less than 3 months 3-12 months 1-5 years More than 5 years Non-derivative financial liabilities Loans 1.478.468.803 1.563.553.025 319.120.639 588.176.959 642.032.830 14.222.597 Liabilities from leasing obligations 1.262.208.003 1.463.290.074 34.237.857 102.713.570 498.474.045 827.864.602 Trade payables -Related party 11.780.141 11.780.141 11.780.141 - - - -Other 268.410.695 268.410.695 67.840.531 200.570.164 - - Other liabilities 97.595.233 97.595.233 4.719.572 53.707.009 39.168.652 - Foreign currency risk The Group is exposed to foreign exchange rate risk through operations done using multiple currencies. The main principle in the management of this foreign currency risk is maintaining foreign exchange position in a way to be affected least by the fluctuations in foreign exchange rates. For this reason, the proportion of the positions of these currencies to total equity amount is aimed to be controlled under certain limits. Derivative financial instruments are also used, when necessary. In this context, the Group’s primary method is utilizing forward foreign currency transactions. The Group is exposed to foreign exchange rate risk mainly for EUR, USD and GBP. As of 31 December 2022, while other variables being constant, if the TL was to appreciate/depreciate by 10% against the USD, the net profit/loss arising from foreign exchange gains/losses resulting over net foreign currency position in this currency would increase/decrease by TL 21.325.183 (31 December 2021: TL 18.667.730). As of 31 December 2022, while other variables being constant, if the TL was to appreciate/depreciate by 10% against the EUR, the net profit/loss arising from foreign exchange gains/losses resulting over net foreign currency position in this currency would increase/decrease by TL 4.170.738 (31 December 2021: TL 7.945.935). As of 31 December 2022, while other variables being constant, if the TL was to appreciate/depreciate by 10% against the GBP, the net profit/loss arising from foreign exchange gains/losses resulting over net foreign currency position in this currency would increase/decrease by TL 160.309 (31 December 2021: TL 129.049). As of 31 December 2022, while other variables being constant, if the TL was to appreciate/depreciate by 10%, the net profit/ loss arising from foreign exchange gains/losses resulting over net foreign currency position in this currency would increase/ decrease by TL 22.152.406.