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.) 131 Çelebi Ground Handling Inc. 2023 Annual Report 31 December 2022 TL Equivalent USD Euro GBP TL 1. Trade Receivables 125.425.813 1.760.898 4.022.221 - 12.112.989 2. Monetary Financial Assets 507.522.484 10.941.560 12.076.609 9.300 61.175.399 3. Other 131.553.639 356.199 4.249.696 600 39.997.927 4. Current Assets (1+2+3) 764.501.936 13.058.657 20.348.526 9.900 113.286.315 5. Other 4.314.522 - - - 4.314.522 6. Non-Current Assets (5) 4.314.522 - - - 4.314.522 7. Total Assets (4+6) 768.816.458 13.058.657 20.348.526 9.900 117.600.837 8. Trade Payables 128.423.970 1.142.910 1.109.199 3.348 84.787.702 9. Financial Liabilities 217.012.869 - 7.864.137 - 59.959.762 10. Other Monetary Liabilities 170.799.423 531.425 - 77.465 159.093.557 11. Current liabilities (8+9+10) 516.236.262 1.674.335 8.973.336 80.813 303.841.021 12. Financial Liabilities 302.929.038 - 13.463.608 - 34.050.015 13. Other Monetary Liabilities 1.233.859 - - - 1.233.859 14. Non-Current Liabilities (12+13) 304.162.897 - 13.463.608 - 35.283.874 15. Total Liabilities (11+14) 820.399.159 1.674.335 22.436.944 80.813 339.124.895 16. Net Foreign Currency Asset/(Liability) Position (7-15) (51.582.701) 11.384.322 (2.088.418) (70.913) (221.524.058) 17. Net Monetary Foreign Currency Asset/(Liability) Position (7-15) (51.582.701) 11.384.322 (2.088.418) (70.913) (221.524.058) Capital risk management The Group’s objectives when managing capital is able to maintain operations of the Group for maintaining optimal capital structure in order to provide return for its shareholders, reduce capital cost and benefit for other shareholders. The shareholders of the Company, in order to maintain or modify capital structure, can change the amount of dividends paid to shareholders, return capital to shareholders, issue new shares and sell assets to decrease financing needs, in consistency with the regulations of the CMB. Consistent with others in the industry, the Group monitors capital on the basis of the debt/equity ratio. This ratio is found by dividing net debt to total capital. Net debt is calculated as total liabilities less cash and cash equivalents. Total capital invested is calculated as equity, as shown in the balance sheet, plus net debt.