12 Months Financial Report - Turkish Airlines

TÜRK HAVA YOLLARI ANONİM ORTAKLIĞINOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE PERIOD ENDED 31 DECEMBER, 200926 OTHER ASSETS AND LIABILITIES (Cont’d)Other non-current assets are as follows:31 December 2009 31 December 2008Prepayment for tangible assets 45.347.530 74.096.755Maintenance reserves for engines 26.581.865 18.171.033Peşin ödenen uçak finansman giderleri 7.543.182 7.197.530Prepaid aircraft financing expenses 2.776.711 3.175.779Prepaid Eximbank guarantee and exposure fee 1.183.491 2.618.689Prepaid expenses 139.175 234.72583.571.954 105.494.511Other short-term liabilies are as follows:31 December 2009 31 December 2008Accruals for maintenance costs 98.389.811 69.099.738Unearned revenue from share transfer of TGS(Note:16) 11.300.000 -Other unerarned revenue 5.534.473 430.965Incentive premium accruals 5.049.461 4.603.716Accruals for other expenses 2.142.564 369.934Other liabilities 79.703 7.251.639Manufacturer’s credit related toaircrafts to be received-9.926.677122.496.012 91.682.669Other long-term liabilities are as follows:31 December 2009 31 December 2008Unearned revenue from share transfer of TGS(Note:16) 45.200.000 -Other unerarned revenue 5.904.110 -Gross manufacturer’s credits 39.419.630 39.289.960Accumulated depreciations of manufacturer’scredit(11.517.414) (8.168.227)79.006.326 31.121.733Passenger flight liabilities are as follows:31 December 2009 31 December 2008Frequent flyer program liability 124.222.967 98.946.996Flight liability generating from ticket sales 282.983.563 253.091.354Flight liability generating from mileage sales 179.318.749 135.355.647586.525.279 487.393.99746