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.) 115 Çelebi Ground Handling Inc. 2023 Annual Report The Group calculates the reserve for employment termination benefits every six months the maximum amount of TL 35.058,58 which is effective from 1 January 2024 (1 January 2023: TL 19.982,83) has been taken into consideration in the calculations. Movements in the provision employment termination benefits for the period between 1 January 2023 - 31 December 2023 are as follows: 31 December 2023 31 December 2022 As of 1 January 150.871.653 80.970.229 Payments during the period (100.645.429) (17.601.806) Actuarial loss 159.137.817 20.458.846 Service cost 60.026.818 7.825.575 Interest cost 19.648.134 52.208.937 Foreign currency translation differences 44.561.090 12.799.399 Transfers (1.803.287) (5.789.527) As of period end 331.796.796 150.871.653 Movements in the provision for unused vacation rights for the period between 1 January 2023 - 31 December 2023 are as follows: 31 December 2023 31 December 2022 As of 1 January 38.745.670 18.976.928 Payments of provisions during the period (6.332.844) (3.467.182) Increase in unused vacation rights during the period 26.140.363 16.366.732 Transfers - 2.702.131 Foreign currency translation differences 7.260.614 4.167.061 As of period end 65.813.803 38.745.670 c) Contingent assets and liabilities Guarantees received 31 December 2023 31 December 2022 Guarantee letters 119.594.605 69.992.103 Guarantee cheques 10.132.663 4.872.917 Guarantee notes 4.991.949 4.746.045 134.719.217 79.611.065 Guarantees given 31 December 2023 31 December 2022 Guarantee letters 650.770.798 383.465.116 Collaterals (*) 591.557.780 607.519.810 Pledged shares (*) 145.729.120 92.471.387 1.388.057.698 1.083.456.313 (*) TL 737.286.900 of the collaterals given and pledged shares are given to the banks for the loans borrowed by the subsidiaries and joint venture of the Group (31 December 2022: TL 699.991.197) (Note 31).