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.) 94 Çelebi Ground Handling Inc. 2021 Annual Report NOTE 12 - RIGHT-OF-USE ASSETS Movements in right-of-use assets for the period ended 31 December 2021 are as follows: Opening 1 January 2021 Celebi Nas opening Additions (**) Foreign currency translation differences Closing 31 December 2021 Cost Buildings and land 605.089.617 666.525 206.997.272 525.279.822 1.338.033.236 Machinery, plant and equipment 46.908.480 - - 24.308.649 71.217.129 Vehicles 9.401.947 - 11.141.685 11.282.294 31.825.926 661.400.044 666.525 218.138.957 560.870.765 1.441.076.291 Accumulated depreciation Buildings and land (99.237.825) (318.770) (82.856.064) (106.753.694) (289.166.353) Machinery, plant and equipment (43.747.900) - (1.974.539) (25.494.690) (71.217.129) Vehicles (7.748.997) - (2.871.643) (6.465.129) (17.085.769) (150.734.722) (318.770) (87.702.246) (138.713.513) (377.469.251) Net book value 510.665.322 1.063.607.040 (*) It is related to the full consolidation of Celebi Nas. (**) In 2021, the controlling power in Celebi Nas was reorganized in favor of Celebi Hava, and in accordance with TFRS 3, the difference between the net assets of the Company and the fair value of the Company’s equity, amounting to TL 72.980.816, was recorded as a right-of-use asset. Depreciation expense for the period ended 31 December 2021 in the amount of TL 87.702.246 is included in cost of sales. Movements in right-of-use assets for the period ended 31 December 2020 are as follows: Opening 1 January 2020 Additions Foreign currency translation differences Closing 31 December 2020 Cost Buildings and land 435.309.266 136.069.788 33.710.563 605.089.617 Machinery, plant and equipment 45.760.572 - 1.147.908 46.908.480 Vehicles 7.905.523 664.522 831.902 9.401.947 488.975.361 136.734.310 35.690.373 661.400.044 Accumulated depreciation Buildings and land (35.982.511) (53.327.304) (9.928.010) (99.237.825) Machinery, plant and equipment (21.490.992) (21.712.485) (544.423) (43.747.900) Vehicles (3.445.845) (4.001.395) (301.757) (7.748.997) (60.919.348) (79.041.184) (10.774.190) (150.734.722) Net book value 428.056.013 510.665.322 Depreciation expense for the period ended 31 December 2020 in the amount of TL 79.041.184 is included in cost of sales.