CELEBI GROUND HANDLING 2023 ANNUAL REPORT

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ AND ITS SUBSIDIARIES (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) 101 Çelebi Ground Handling Inc. 2023 Annual Report NOTE 5 - FINANCIAL INVESTMENTS Restricted bank balances: 31 December 2023 31 December 2022 Restricted bank balances (Between 3 months and 365 days) (*) 109.337.443 60.756.407 Restricted bank balances (Longer than 365 days) (*) 51.225.309 47.832.174 160.562.752 108.588.581 Time deposits: 31 December 2023 31 December 2022 Time deposits (Between 3 months and 365 days) 274.398.311 57.100.350 274.398.311 57.100.350 (*) Most of the restricted bank balances consist of the collections from customers and the amounts obtained within the framework of project finance within the framework of the concession agreements signed for the operation of the terminals and the related balances are kept blocked in bank accounts with a maturity longer than 3 months. Other financial assets measured at fair value through profit or loss: Percentage of Shares 31 December 2023 Percentage of Shares 31 December 2022 Celebi Ground Handing India Private Limited - - 61% 22.665 Celebi Ground Services Chennai Private Limited - - 100% 22.665 Celebi Shared Services India Private Limited 100% 31.888 - - 31.888 45.330 NOTE 6 - INVESTMENTS ACCOUNTED BY USING THE EQUITY METHOD Percentage of Shares 31 December 2023 Percentage of Shares 31 December 2022 DASPL 24,99% 25.998.200 24,99% 19.463.360 25.998.200 19.463.360 The movements of investments accounted using the equity method during the period ended on 31 December 2023 and 2022 are as follows: 31 December 2023 31 December 2022 As of 1 January 19.463.360 20.391.743 Shares of net profit/(loss) for the period 901.875 (6.329.698) Transfers - (22.665) Dividends received - (3.680.527) Foreign currency translation differences 5.632.965 9.104.507 As of 31 December 25.998.200 19.463.360