ÇHS AR21-ENG-030622

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ AND ITS SUBSIDIARIES 50 Çelebi Ground Handling Inc. 2021 Annual Report Current Period Prior Period Audited Audited Notes 31 December 2021 31 December 2020 ASSETS Current assets Cash and cash equivalents 4 1.093.962.834 571.830.186 Financial investments 63.208.735 - Restricted bank balances 5 49.130.668 9.435.386 - Time deposits 5 14.078.067 - Trade receivables 380.688.778 168.762.629 - Trade receivables from related parties 8 589.742 5.343.963 - Trade receivables from third parties 8 380.099.036 163.418.666 Other receivables 279.619.410 108.639.964 - Other receivables from related parties 9 60.554.654 36.106.731 - Other receivables from third parties 9 219.064.756 72.533.233 Inventories 10 40.821.021 19.545.205 Prepaid expenses 16 48.588.050 27.722.513 Current tax assets 29 8.197.661 2.777.130 Other current assets 15 14.666.920 17.087.134 Total current assets 1.929.753.409 925.800.147 Non-current assets Financial investments 53.479.264 18.361.495 - Restricted bank balances 5 53.479.264 9.007.900 - Time deposits 5 - 9.019.305 - Other financial assets at fair value through profit/loss 5 - 334.290 Other receivables 361.676.712 133.821.116 - Other receivables from related parties 9 64.295.790 74.351.957 - Other receivables from third parties 9 297.380.922 59.469.159 Investments accounted using equity method 6 20.391.743 157.711.645 Property, plant and equipment 11 874.801.839 489.167.243 Right-of-use assets 12 1.063.607.040 510.665.322 Intangible assets 821.266.380 338.120.218 - Goodwill 13 119.963.138 73.295.661 - Other intangible assets 13 701.303.242 264.824.557 Prepaid expenses 16 26.277.786 7.710.156 Deferred tax asset 29 256.168.334 156.752.202 Other non-current assets 15 57.404.380 24.059.858 Total non-current assets 3.535.073.478 1.836.369.255 Total assets 5.464.826.887 2.762.169.402 The accompanying notes form an integral part of these consolidated financial statements. CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS OF 31 DECEMBER 2021 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.)