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.) 104 Çelebi Ground Handling Inc. 2023 Annual Report Short-term portion of long-term borrowings: 31 December 2022 Effective interest rate (%) Original amount TL Short-term portion of long-term loans: Interest expense accrual - EUR 721.399 14.406.916 Interest expense accrual -INR 9.941.977 2.253.349 Interest expense accrual -TL 12.554 12.554 INR borrowings 5,50-10,00 448.722.912 101.703.048 EUR borrowings 2,75-6,07 27.209.646 543.398.396 TL borrowings 16,00-19,75 30.394.601 30.394.601 Total short-term portion of long-term borrowings: 692.168.864 Total short-term borrowings: 1.009.836.753 Long-term borrowings: 31 December 2022 Effective interest rate (%) Original amount TL Long-term loans: INR Borrowings 5,50-10,00 1.328.424.112 301.087.325 EUR Borrowings 2,75-6,07 9.882.354 197.358.515 498.445.840 Long-term finance lease obligations: INR finance lease obligations 720.977.079 163.409.455 EUR finance lease obligations 65.277.757 1.303.649.028 TL finance lease obligations 34.050.015 34.050.015 Total payables from long-term leases 1.501.108.498 Total long-term borrowings 1.999.554.338 Total borrowings 3.009.391.091 As of 2023 and 31 December 2022, the repayment terms of the Group’s borrowings are as follows: 31 December 2023 31 December 2022 Less than 3 months 1.345.760.031 344.118.211 Between 3-12 months 1.004.995.880 665.718.542 Between 1-5 years 2.472.874.777 1.235.910.398 More than 5 years 1.377.913.750 763.643.940 6.201.544.438 3.009.391.091