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 METHOD (Cont’d)1 January - 1 January -31 December 2009 31 December 2008Revenue - -Profit/ (loss) for the period 1.964.336 -Group's share in profit/ (loss) for the period982.168-By the protocol and capital increase dated on 17 September 2009, 50 % of TGS’ capital, whichhas a nominal value of 6.000.000 TL, was acquired by HAVAŞ for 119.000.000 TL and a sharepremium at an amount of 113.000.000 TL has arised in the TGS’s capital. Because the sharepremium is related to the 5-year service contract between the Company and TGS, the Company’sportion (50 %) of the share premium under the shareholders’ equity of TGS was recognized as‘Deferred Income’ to be amortized during the contract period.Financial information for THY Opet Havacılık Yakıtları A.Ş. as of 31 December 2009 and 31December 2008 are as follows31 December 2009 31 December 2008Total assets 5.745.326 -Total liabilities 826.333 -Shareholders'equity 4.918.993 -Group's share in associate's shareholders' equity 2.459.495 -1 January - 1 January -31 December 2009 31 December 2008Revenue - -Profit/ (loss) for the period (81.009) -Group's share in profit/ (loss) for the period (40.504) -Portions of financial assets accounted for equity method in profit / (loss) are as follows:1 January - 1 January -31 December 2009 31 December 2008Sun Ekspress 12.704.764 (1.949.791)Turkish DO&CO 8.493.603 5.992.650P&W T.T. Uçak Bakım Merkezi Ltd. Şti. (2.699.198) (470.485)Bosna Hersek Havayolları (6.627.130) -TGS 982.168 -THY OPET Havacılık Yakıtları A.Ş. (40.504) -Toplam 12.813.703 3.572.37437