12 Months Financial Report - Turkish Airlines

TÜRK HAVA YOLLARI ANONİM ORTAKLIĞINOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER, 200916 INVESTMENTS ACCOUNTED FOR EQUITY METHODThe associates accounted per the equity method are as follows:31 December 2009 31 December 2008Güneş Ekspres Havacılık A.Ş. (Sun Express) 26.698.068 13.811.371THY DO&CO İkram Hizmetleri A.Ş.(Turkish DO&CO) 34.054.590 26.060.988Bosnia-Herzegovina Airlines 2.936.441 -P&W T.T. Uçak Bakım Merkezi Ltd. Şti. 22.421.794 3.765.565TGS Yer Hizmetleri A.Ş. (TGS) 63.482.168 -THY OPET Havacılık Yakıtları A.Ş. 2.459.495 -152.052.556 43.637.924Financial information for Sun Express as of 31 December 2009 and 31 December 2008 are asfollows:31 December 2009 31 December 2008Total assets 232.316.502 113.774.956Total liabilities 178.920.367 86.152.214Shareholders'equity 53.396.135 27.622.742Group's share in associate's shareholders' equity 26.698.068 13.811.3711 January - 1 January -31 December 2009 31 December 2008Revenue 899.836.648 765.171.890Profit/ (loss) for the period 25.409.528 (3.899.580)Group's share in profit/ (loss) for the period12.704.764 (1.949.790)Financial information for THY DO&CO Catering Services as of 31 December 2009 and 31December 2008 are as follows:31 December 2009 31 December 2008Total assets 122.594.934 93.245.421Total liabilities 52.485.754 41.123.446Shareholders'equity 68.109.180 52.121.975Group's share in associate's shareholders' equity 34.054.590 26.060.9881 January - 1 January -31 December 2009 31 December 2008Revenue 267.960.365 190.142.882Profit/ (loss) for the period 16.987.205 11.985.300Group's share in profit/ (loss) for the period8.493.603 5.992.65035