12 Months Financial Report - Turkish Airlines

TÜRK HAVA YOLLARI ANONİM ORTAKLIĞINOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE PERIOD ENDED 31 DECEMBER, 200918 TANGIBLE ASSETS (cont’d)As explained in Note 2.5.6., since it is higher than ‘value in use’, the Group uses net US Dollarsales prices after cost of sales as the recoverable value in calculation of impairment in itsproperty, plant and equipment (i.e. aircrafts, spare engines and simulators - “Aircrafts”). TheGroup has TL 24.520.934 of increase in impairment loss arising from exchange rate changes dueto the decrease of net TL sales prices of aircrafts as a result of the depreciation of US Dollaragainst the TRY and has 154.263.062 TL of increase in impairment loss as a result of decline inthe US Dollar prices of aircrafts in the year ended 31 December 2009 (Note 2.5.9). Total increasein impairment loss amounts to TL 178.783.996.19 INTANGIBLE ASSETSRightsCostOpening balance at 1 January 2009 76.958.343Additions 3.308.946Disposals (2.333)Closing balance at 31 December 2009 80.264.956AmortizationOpening balance at 1 January 2009 65.795.741Additions 3.801.936Amortization for the year (2.333)Closing balance at 31 December 2009 69.595.344Net book value 31 December 2009 10.669.612Net book value 31 December 2008 11.162.602RightsCostOpening balance at 1 January 2008 68.832.212Additions 8.138.832Disposals (12.701)Closing balance at December 31,2008 76.958.343AmortizationOpening balance at January 1, 2008 62.031.040Additions 3.777.402Amortization for the year (12.701)Closing balance at 31 December 2008 65.795.741Net book value 31 December 2008 11.162.602Net book value 31 December 2007 6.801.17241