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.) 83 Çelebi Ground Handling Inc. 2021 Annual Report Financial investments at fair value through other comprehensive income: 31 December 2021 31 December 2020 Percentage of Shares % TL Percentage of Shares % TL Celebi Spain (*) - - 100,00 166.650 Celebi Tanzania (**) - - 65,00 167.640 - 334.290 (*) The liquidation process of Celebi Spain was completed in 2021. (**) Celebi Tanzania was included in full consolidation in 2021. NOTE 6 - INVESTMENTS ACCOUNTED BY USING THE EQUITY METHOD Percentage of Shares % 31 December 2021 Percentage of Shares % 31 December 2020 Celebi Nas - - 57,00 146.706.781 DASPL 100,00 20.391.743 24,99 11.004.864 20.391.743 157.711.645 The movements of investments accounted using the equity method during the period ended on 31 December 2021 and 2020 are as follows: 31 December 2021 31 December 2020 As of 1 January 157.711.645 129.954.118 Shares of net profits for the period 3.781.303 3.059.271 Foreign currency translation differences 8.746.444 26.158.652 Gains/(losses) on defined benefit plans remeasurement - (277.896) Dividends paid (3.140.868) (1.182.500) Transfers (*) (146.706.781) - As of 31 December 20.391.743 157.711.645 (*) In addition to the partnership agreement signed between the Company and other partners on 17 January 2021, regarding Celebi Nas, the Company’s joint venture with a 57% shares, located in Mumbai, India, with the additional protocol that was registered and entered into force on 8 February 2021, amendments were made in the “Reserve Matters/ Privileged Matters” articles in favor of the Company, which would affect Çelebi Nas’s authority and power to control its financial and operating policies in line with the Company’s interests. In this framework, it has been started to be consolidated in 2021 by using the full consolidation method from the date the control passed to the Company. Shares of profit/loss from investments accounted using the equity method: 1 January - 31 December 2021 1 January - 31 December 2020 Celebi Nas - 1.508.931 DASPL 3.781.303 1.550.340 3.781.303 3.059.271