CELEBİ 2021 ANNUAL REPORT

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ AND ITS SUBSIDIARIES 79 Çelebi Ground Handling Inc. 2022 Annual Report The accompanying notes form an integral part of these consolidated financial statements. Current Period Prior Period Audited Audited 1 January - 1 January - Notes 31 December 2022 31 December 2021 B. Cash flows from investing activities (330.161.845) (66.612.483) Cash inflows from sale of property, plant and equipment and intangible assets 953.074 19.030.691 - Cash inflows from sale of property, plant and equipment 953.074 19.030.691 Cash outflows from purchase of property, plant and equipment and intangible assets (364.440.342) (90.471.984) - Cash outflows from purchase of property, plant and equipment 11 (221.466.768) (86.876.891) - Cash outflows from purchase of intangible assets 13 (142.973.574) (3.595.093) Dividends received 6 3.680.527 3.140.868 Cash inflows from cash advances and debts given to related parties 80.101.695 60.482.604 Other cash inflows/(outflows) (50.456.799) (58.794.662) C. Cash flows from financing activities (1.009.236.774) (498.536.736) Lease payments (185.916.269) (119.119.474) Cash inflows from borrowings 7 313.965.093 497.012.095 Cash outflows due to debt payments 7 (943.342.149) (768.216.693) Dividends paid 31 (164.025.000) (57.712.500) Interest paid (93.411.378) (80.569.471) Interest received 27 63.492.929 30.069.307 Net increase in cash and cash equivalents before the effect of foreign currency translation differences 363.172.945 62.068.789 D. Foreign currency translation differences 470.782.786 460.077.226 Net increase in cash and cash equivalents 833.955.731 522.146.015 E. Cash and cash equivalents at the beginning of the period 4 1.093.574.832 571.428.817 Cash and cash equivalents at the end of the period 4 1.927.530.563 1.093.574.832 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE PERIOD 1 JANUARY - 31 DECEMBER 2022 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.)