ÇHS AR21-ENG-030622

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021 ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ AND ITS SUBSIDIARIES (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) 82 Çelebi Ground Handling Inc. 2021 Annual Report NOTE 4 - CASH AND CASH EQUIVALENTS 31 December 2021 31 December 2020 Cash 941.624 736.957 Banks 1.093.021.210 571.093.229 - time deposit 744.666.178 418.194.336 - demand deposit 348.355.032 152.898.893 1.093.962.834 571.830.186 As of 31 December 2021, effective interest rates on TL, EUR, USD and INR denominated time deposits are 15,73%, 3,95%, 0,37%, ve 5,22% (31 December 2020: TL 9,50%, EUR 4,50%, USD 3,50%, INR 7,20%). As of 31 December 2021, the maturity of denominated time deposits are 1 day for TL, USD and EUR, and 20-60 days for INR (31 December 2020: TL, EUR and USD 1 day, INR 20-60 days). The details of cash and cash equivalents presented in the statements of cash flows as of 31 December 2021 and 2020 are as follows: 31 December 2021 31 December 2020 Cash on hand and cash at banks 1.093.962.834 571.830.186 Less: Interest accruals (388.002) (401.369) 1.093.574.832 571.428.817 NOTE 5 - FINANCIAL INVESTMENTS Restricted bank balances: 31 December 2021 31 December 2020 Restricted bank balances (Between 3 months and 365 days) (*) 49.130.668 9.435.386 Restricted bank balances (Longer than 365 days) (*) 53.479.264 9.007.900 102.609.932 18.443.286 Time deposits : 31 December 2021 31 December 2020 Time deposits (Between 3 months and 365 days) 14.078.067 - Time deposits (Longer than 365 days) - 9.019.305 14.078.067 9.019.305 (*) 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 at New Delhi Airport, India, and the related balances are kept blocked in bank accounts with a maturity longer than 3 months.