12 Months Financial Report - Turkish Airlines
12 Months Financial Report - Turkish Airlines 12 Months Financial Report - Turkish Airlines
(Convenience Translation of Report And Financial Statements Originally Issued in Turkish)TÜRK HAVA YOLLARI ANONİM ORTAKLIĞICONSOLIDATED BALANCE SHEETAS OF 31 DECEMBER 2009(All amounts are expressed in Turkish Lira (TL) unless otherwise stated.)ASSETSNotesAudited31 December 2009Audited(Restated Note 41)31 December 2008Audited(Restated Note 41)1 January 2008Current Assets 2.799.855.184 2.620.279.393 1.487.528.554Cash and Cash Equivalents6 1.096.111.869 504.905.721 480.196.215Financial Assets7 222.298.370 1.442.632.862 292.020.000Trade Receivables10 445.381.881 349.144.133 245.539.019Other Receivables11 743.393.375 61.673.958 305.855.757Inventories13 148.995.932 98.359.291 113.740.571Other Current Assets26 143.673.757 163.563.428 50.176.992Non-current AssetsOther ReceivablesFinancial AssetsInvestmensts Accounted for Using the EquityMethodInvestment PropertyTangible AssetsIntangible AssetsDeferred Tax AssetsOther Non-current Asstes5.772.234.243 5.290.955.322 3.434.915.52111 664.360.128 22.808.881 21.756.3287 1.750.943 1.750.943 3.016.56416 152.052.556 43.637.924 38.370.04317 48.810.000 48.130.000 53.700.00018 4.811.019.050 5.055.984.137 3.238.003.55419 10.669.612 11.162.602 6.801.17235 - 1.986.324 3.193.15526 83.571.954 105.494.511 70.074.705TOTAL ASSETS 8.572.089.427 7.911.234.715 4.922.444.075The accompanying notes form an integral part of these consolidated financial statements.1
(Convenience Translation of Report And Financial Statements Originally Issued in Turkish)TÜRK HAVA YOLLARI ANONİM ORTAKLIĞICONSOLIDATED BALANCE SHEETAS OF 31 DECEMBER 2009(All amounts are expressed in Turkish Lira (TL) unless otherwise stated)LIABILITIESNotesAudited31 December 2009Audited(Restated Note 41)31 December 2008Audited(Restated Note 41)1 January 2008Current Liabilities 1.949.243.312 1.653.906.994 1.186.652.969Financial debt 8 412.266.841 419.289.229 228.918.371Other financial liabilities 9 46.078.943 45.000.251 877.628Trade payables 10 560.801.478 435.109.211 364.523.991Other payables 11 156.633.381 115.967.007 83.387.054Current tax liabilities 35 2.419.544 4.185.809 19.981.215Provisions 22 7.287.354 7.460.396 4.779.221Employee benefit obligations 24 54.734.480 47.818.425 39.664.361Passenger flight liabilites 26 586.525.279 487.393.997 379.676.586Other current liabilities 26 122.496.012 91.682.669 64.844.542Non- current Liabilitites 3.177.965.889 3.270.740.625 1.887.889.627Financial debt 8 2.575.899.283 2.798.005.235 1.595.842.462Other payables 11 8.941.613 7.865.284 7.058.322Provision for retirement pay liability 24 151.875.562 142.459.082 131.959.011Deferred tax liability 35 362.243.105 291.289.291 128.930.080Other non- current liabilities 26 79.006.326 31.121.733 24.099.752SHAREHOLDERS' EQUITYEquity Attributable to Shareholders of Parent 3.444.880.226 2.986.587.096 1.847.901.479Share capital 27 875.000.000 175.000.000 175.000.000Inflation difference on shareholders' equity 27 1.123.808.032 1.672.901.479 1.739.005.871Share premium 27 - - 895.492Restricted profit reserves 27 22.686.727 - 61.014.406Differences from currency translation 27 4.641.339 4.459.406 -Cash flow hedge fund (-) 27 ( 1.751.329) - -Retained Earnings 27 861.419.177 - ( 393.511.064)Net Profit/(Loss) for the Period 27 559.076.280 1.134.226.211 265.496.774TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 8.572.089.427 7.911.234.715 4.922.444.075The accompanying notes form an integral part of these consolidated financial statements.2
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(Convenience Translation of <strong>Report</strong> And <strong>Financial</strong> Statements Originally Issued in <strong>Turkish</strong>)TÜRK HAVA YOLLARI ANONİM ORTAKLIĞICONSOLIDATED BALANCE SHEETAS OF 31 DECEMBER 2009(All amounts are expressed in <strong>Turkish</strong> Lira (TL) unless otherwise stated)LIABILITIESNotesAudited31 December 2009Audited(Restated Note 41)31 December 2008Audited(Restated Note 41)1 January 2008Current Liabilities 1.949.243.3<strong>12</strong> 1.653.906.994 1.186.652.969<strong>Financial</strong> debt 8 4<strong>12</strong>.266.841 419.289.229 228.918.371Other financial liabilities 9 46.078.943 45.000.251 877.628Trade payables 10 560.801.478 435.109.211 364.523.991Other payables 11 156.633.381 115.967.007 83.387.054Current tax liabilities 35 2.419.544 4.185.809 19.981.215Provisions 22 7.287.354 7.460.396 4.779.221Employee benefit obligations 24 54.734.480 47.818.425 39.664.361Passenger flight liabilites 26 586.525.279 487.393.997 379.676.586Other current liabilities 26 <strong>12</strong>2.496.0<strong>12</strong> 91.682.669 64.844.542Non- current Liabilitites 3.177.965.889 3.270.740.625 1.887.889.627<strong>Financial</strong> debt 8 2.575.899.283 2.798.005.235 1.595.842.462Other payables 11 8.941.613 7.865.284 7.058.322Provision for retirement pay liability 24 151.875.562 142.459.082 131.959.011Deferred tax liability 35 362.243.105 291.289.291 <strong>12</strong>8.930.080Other non- current liabilities 26 79.006.326 31.<strong>12</strong>1.733 24.099.752SHAREHOLDERS' EQUITYEquity Attributable to Shareholders of Parent 3.444.880.226 2.986.587.096 1.847.901.479Share capital 27 875.000.000 175.000.000 175.000.000Inflation difference on shareholders' equity 27 1.<strong>12</strong>3.808.032 1.672.901.479 1.739.005.871Share premium 27 - - 895.492Restricted profit reserves 27 22.686.727 - 61.014.406Differences from currency translation 27 4.641.339 4.459.406 -Cash flow hedge fund (-) 27 ( 1.751.329) - -Retained Earnings 27 861.419.177 - ( 393.511.064)Net Profit/(Loss) for the Period 27 559.076.280 1.134.226.211 265.496.774TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 8.572.089.427 7.911.234.715 4.922.444.075The accompanying notes form an integral part of these consolidated financial statements.2
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