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.) 132 Çelebi Ground Handling Inc. 2023 Annual Report The net debt/(equity+net debt) ratio as of 31 December 2023 and 2022 is as follows: 31 December 2023 31 December 2022 Total financial liabilities 6.201.544.438 3.009.391.091 Less: Cash and cash equivalents (3.373.899.826) (1.927.530.563) Less: Time deposits (274.398.311) (57.100.350) Less: Restricted bank balances (160.562.753) (108.588.581) Net debt (*) 2.392.683.548 916.171.597 Net debt (Except for the impact of TFRS 16) (619.695.588) (902.604.790) Shareholder’s equity 5.214.969.092 3.251.906.331 Capital invested 7.607.652.640 4.168.077.928 Net debt/capital invested 0,31 0,22 (*) As of 31 December 2023, TL 3.012.379.136 of the net debt consists of the lease amounts discounted in accordance with TFRS 16 effective as of 1 January 2019 (31 December 2022: TL (1.818.776.387)). NOTE 33 - FEES FOR SERVICES RECEIVED FROM INDEPENDENT AUDIT FIRM The fees for the services received by the Company from the Independent Audit Firm (IAF) in the periods of 1 January - 31 December 2023 and 1 January - 31 December 2022 are as follows: 2023 2022 IAF Other IAF Total Other IAF Total IAF Independent audit fee for the reporting period 6.623.074 - 6.623.074 4.780.002 - 4.780.002 Fee for other assurance services 1.918.929 - 1.918.929 1.470.994 - 1.470.994 Fees for services other than independent audit 75.000 - 75.000 347.910 - 347.910 8.617.003 - 8.617.003 6.598.906 - 6.598.906 NOTE 34 - EVENTS AFTER THE BALANCE SHEET DATE None.