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.) 112 Çelebi Ground Handling Inc. 2023 Annual Report Movements in other intangible assets for the period ended 31 December 2022 are as follows: Opening 1 January 2022 Additions Disposals Transfers Foreign currency translation differences Closing 31 December 2022 Cost Rights 17.595.437 55.332 - - 5.662.138 23.312.907 Computer software 69.214.586 4.708.486 (53.392) - 22.475.325 96.345.005 Concession rights (*) 410.413.586 7.258.800 - - 122.847.983 540.520.369 Build-operate-transfer investments 689.286.987 130.950.956 - - 215.463.510 1.035.701.453 1.186.510.596 142.973.574 (53.392) - 366.448.956 1.695.879.734 Accumulated depreciation Rights (10.229.325) (1.969.510) - - (3.576.059) (15.774.894) Computer software (52.133.841) (6.146.928) 53.392 - (16.492.921) (74.720.298) Concession rights (*) (202.933.140) (20.466.751) - - (62.046.570) (285.446.461) Build-operate-transfer investments (219.911.048) (60.927.209) - - (70.199.362) (351.037.619) (485.207.354) (89.510.398) 53.392 - (152.314.912) (726.979.272) Net book value 701.303.242 968.900.462 (*) Refers to fixed asset expenditures made within the scope of the concession agreement signed between Celebi Delhi Cargo and Celebi Nas and are recognized in accordance with TFRIC 12. Amortization expense for the period ended 31 December 2022 in the amount of TL 85.661.115 and TL 3.849.283 are included in cost of sales and operating expenses, respectively. Goodwill Goodwill as of 31 December 2023 and 2022 is as follows: 31 December 2023 31 December 2022 Goodwill due to acquisition of CGHH 199.415.548 116.611.951 Goodwill due to acquisition of KSU 12.019.640 7.688.892 211.435.188 124.300.843 Goodwill movement table as of 31 December 2023 is as follows: 31 December 2023 31 December 2022 1 January 124.300.843 119.963.138 Foreign currency translation differences 87.134.345 31.779.563 Impairment - (27.441.858) Goodwill 211.435.188 124.300.843