12 Months Financial Report - Turkish Airlines

TÜRK HAVA YOLLARI ANONİM ORTAKLIĞINOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER, 20097 FINANCIAL ASSETS (Cont’d)Amount Currency Opening Date Interest Rate Maturity 31 December 2008544.600.000107.460.000415.515.00021.05.2008 %19,15- 05.01.2009TL 22.12.2008 %23,00 03.09.200907.07.2008 19.01.2009Euro 22.12.2008 %6,50-%8,50 04.05.200923.01.2008 05.01.2009US Dollar 15.12.2008 %5,65-%8,55 24.07.2009Long-term financial assets are as follows:544.600.000230.050.368628.383.3351.403.033.70331 December 2009 31 December 2008Sita Inc. 1.679.619 1.679.619Emek İnşaat ve İşletme A.Ş. 26.859 26.859Star Alliance GMBH 44.465 44.4651.750.943 1.750.943Sita Inc., Emek İnşaat ve İşletme A.Ş.and Star Alliance GMBH are disclosed at cost since theyare not traded in an active market.Details of the long-term financial assets of the Group at 31 December 2009 are as follows:Country ofregistration OwnershipCompany name and operation Share Voting power Principle ActivityEmek İnşaat veİşletme A.Ş. Turkey 0,3% 0,3% ConstructionSita Inc. Netherlands Less than 0,1% Less than 0,1% Information&Telecommunication ServicesStar AllianceGMBH Germany 5,55% 5,55%Coordination Between StarAlliance Member Airlines8 FINANCIAL BORROWINGSShort-term financial borrowings are as follows:31 December 2009 31 December 2008Bank loans 14.439.256 34.900.371Finace lease obligations 397.827.585 384.388.858412.266.841 419.289.22930