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.) 96 Çelebi Ground Handling Inc. 2021 Annual Report Movements in other intangible assets for the period ended 31 December 2020 are as follows: Opening 1 January 2020 Additions Disposals Transfers Foreign currency translation differences Closing 31 December 2020 Cost Rights 10.445.953 1.200 (56.920) - - 10.390.233 Computer softwares 31.148.869 1.278.012 (1.534.885) - 4.020.723 34.912.719 Concession rights (*) 191.789.236 3.224.441 - - 39.162.714 234.176.391 Build-operate-transfer investments (**) 160.438.380 18.797.148 - (24.958.152) 32.210.651 186.488.027 393.822.438 23.300.801 (1.591.805) (24.958.152) 75.394.088 465.967.370 Accumulated depreciation Rights (4.883.496) (584.201) 56.920 - - (5.410.777) Computer softwares (19.200.403) (3.148.456) 535.738 - (2.535.971) (24.349.092) Concession rights (*) (76.938.820) (12.605.232) - - (16.385.976) (105.930.028) Build-operate-transfer investments (**) (68.300.220) (9.195.500) - 24.958.152 (12.915.348) (65.452.916) (169.322.939) (25.533.389) 592.658 24.958.152 (31.837.295) (201.142.813) Net book value 224.499.499 264.824.557 (*) Refers to fixed asset expenditures made within within the scope of the concession agreement signed between DIAL Celebi Delhi Cargo and are recognized in accordance with TFRIC 12. (**) The amounts calculated as a result of bringing the deposit prices paid in accordance with the concession agreements signed for the delivery of cargo and ground handling services at the airports in India to their present values, are accounted for under the built government, to be amortized during the concession period. Amortization expense for the period ended 31 December 2020 in the amount of TL 23.070.967 and TL 2.462.422 are included in cost of sales and operating expenses, respectively. Goodwill Goodwill as of 31 December 2021 and 2020 is as follows: 31 December 2021 31 December 2020 Goodwill due to acquasition of CGHH 92.897.038 57.756.911 Goodwill due to acquasition of KSU 27.066.100 15.538.750 119.963.138 73.295.661 Goodwill movement table as of 31 December 2021 is as follows: 31 December 2021 31 December 2020 1 January 73.295.661 60.932.266 Foreign currency translation differences 46.667.477 12.363.395 Goodwill 119.963.138 73.295.661