ÇHS AR21-ENG-030622

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ AND ITS SUBSIDIARIES 54 Çelebi Ground Handling Inc. 2021 Annual Report Accumulated other comprehensive income and expenses that will not be reclassified subsequently to profit or loss Accumulated other comprehensive income and expenses that will be reclassified subsequently to profit or loss Share capital Gains/ (losses) on remeasurement of defined benefit plans Foreign currency translation differences Foreign currency translation differences Restricted reserves appropriated from profit As of 1 January 2021 24.300.000 (27.110.446) - 262.085.889 74.387.905 Transfers - - - - - Dividend payment - - - - - Increase in minority shares of subsidiary (*) - - - - - Increase due to other changes (**) - - - - - Other comprehensive income / (expense) - Foreign currency translation difference - - 121.050.632 351.122.816 - - Gains/(losses) on remeasurement of defined benefit plans - (7.846.010) - - - Total other comprehensive income / (expenses) - (7.846.010) 121.050.632 351.122.816 - Net profit/(loss) for the period - - - - - Total comprehensive income / (expense) - (7.846.010) 121.050.632 351.122.816 - As of 31 December 2021 24.300.000 (34.956.456) 121.050.632 613.208.705 74.387.905 (*) In addition to the partnership agreement signed between the Company and other partners on 17 January 2021 regarding Celebi Nas Airport Services India Private Limited (Celebi Nas), the joint venture of the Company residing in Mumbai, India, with a 57% stake, amendments were made in the “Reserve Matters/ Privileged Matters” articles in favor of the Company, with the additional protocol registered and entered into force on 8 February 2021, which will affect the authority and power to control the financial and operating policies of Çelebi Nas in line with the Company’s interests. In this framework, Çelebi Nas started to be consolidated in 2021 by using the full consolidation method as of the date on which the control passed to the Company. (**) The Company affiliated with Celebi Tanzania Aviation Services Limited (“Celebi Tanzania”), residing in Dar es Salaam, Tanzania, with a total capital of 100 million Tanzania Shillings (approximately 40 thousand USD) at the rate of 65% in order to participate in ground handling concession tenders to be opened at the airports in Tanzania. The Company has already started its activities as of 1 February 2021 based on the contract signed with the Tanzania Airport authority. CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDER’S EQUITY FOR THE PERIOD 1 JANUARY - 31 DECEMBER 2021 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) The accompanying notes form an integral part of these consolidated financial statements.