12 Months Financial Report - Turkish Airlines

TÜRK HAVA YOLLARI ANONİM ORTAKLIĞINOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE PERIOD ENDED 31 DECEMBER, 200920 GOODWILLNone (31 December 2008: None)21 GOVERNMENT GRANTS AND INCENTIVESNone (31 December 2008: None)22 PROVISIONS, CONTINGENT ASSETS AND LIABILITIESProvisions for short-term liabilites are as follows:31 December 2009 31 December 2008Provisions for legal claims 7.287.354 7.460.396Movements in the provisions for legal claims at 30 December 2009 and 2008 periods set outbelow:1 January- 1 January-31 December 2009 31 December 2008Provision at the beginning of the period 7.460.396 4.695.954Charge for the period 1.346.190 3.031.707Provisions released (1.519.232) (267.265)Provision at the end of the period 7.287.354 7.460.396The Group recognizes provisions for lawsuits against it due to its operations. The lawsuitsagainst the Group are usually reemployment lawsuits by former employees or damaged luggageor cargo.a) Guarantees/Pledge/Mortgage (“GPM”) given by the group: Amount of letter of guaranteesgiven is TL 92.014.638 as of 31 December 2009 (31 December 2008: TL 81.610.647).31 December 2009 31 December 2008A. Total amounts of GPM given onthe behalf of its own legal entity 92.014.638 81.610.647B. Total amounts of GPM given on thebehalf of subsidiaries that are includedin full consolidation - -C. Total amounts of GPM given in order toguarantee third partie debts for routinetrade operations - -D. Total amounts of other GPM given - -92.014.638 81.610.64742