ÇELEBİ HAVA SERVİSİ ANNUAL REPORT 2024

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ VE BAĞLI ORTAKLIKLARI 105 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) Çelebi Ground Handling 2024 Annual Report 4. Cash and cash equivalents 31 December 2024 31 December 2023 Cash 3.405.763 2.431.556 Banks 4.357.589.342 3.374.732.690 - time deposit 1.002.516.016 2.347.727.034 - demand deposit 3.355.073.326 1.027.005.656 4.360.995.105 3.377.164.246 As of 31 December 2024, the effective interest rates for time deposits in Turkish Lira (TL), Euro, US Dollar, and Indian Rupee are 43.50%-47.00%, 0.1%-2.94%, 0.50%-2.50%, and 4.50%-7.25%, respectively (31 December 2023: TL 33.00%-41.00%, Euro 0.1%-1.75%, US Dollar 0.01%-2.25%, Indian Rupee 4.75%-7.25%). As of 31 December 2024, the maturities of time deposits are 1 day for TL and US Dollar, 1-35 days for Euro, and 30-365 days for Indian Rupee (31 December 2023: 1 day for TL, US Dollar, and Euro, and 30- 365 days for Indian Rupee). As of 31 December 2024, there is a restricted bank balance amounting to 138.021.569 TL. The details of cash and cash equivalents presented in the statements of cash flows as of 31 December 2024 and 2023 are as follows: 31 December 2024 31 December 2023 Cash on hand and cash at banks 4.360.995.105 3.377.164.246 Less: Interest accruals (835.281) (3.264.420) Less: Restricted balances (138.021.569) - 4.222.138.255 3.373.899.826 5. Financial investments Short-term Financial Investments: 31 December 2024 31 December 2023 Restricted bank balances (Between 3 months and 365 days) (*) - 109.337.443 Time deposits (Between 3 months and 365 days) 525.662.312 274.398.311 525.662.312 383.735.754 Long-term Financial Investments: 31 December 2024 31 December 2023 Restricted bank balances (Longer than 365 days) (*) 58.722.351 51.225.309 58.722.351 51.225.309 (*) Most of the restricted bank balances consist of the collections from customers and the amounts obtained within the framework of project finance within the framework of the concession agreements signed for the operation of the terminals and the related balances are kept blocked in bank accounts with a maturity longer than 3 months.