12 Months Financial Report - Turkish Airlines
Share Embed Flag
Download ePaper

12 Months Financial Report - Turkish Airlines

12 Months Financial Report - Turkish Airlines 12 Months Financial Report - Turkish Airlines

turkishairlines.com
from turkishairlines.com More from this publisher
11.07.2015 Views

TÜRK HAVA YOLLARI ANONİM ORTAKLIĞINOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE PERIOD ENDED 31 DECEMBER, 200936 EARNINGS PER SHAREEarnings per share disclosed in the consolidated statements of income are determined by dividing the netincome by the weighted number of shares that have been outstanding during the period concerned.In Turkey, companies can increase their share capital by making a pro-rata distribution of shares (“bonusshares”) to existing shareholders from retained earnings. For the purpose of earnings per sharecomputations, such bonus shares are regarded as issued shares. Accordingly, the weighted averagenumber of shares outstanding during the years has been adjusted in respect of bonus shares issued withouta corresponding change in resources, by giving them retroactive effect for the period in which they wereissued and for each earlier year.Earnings per share is calculated by dividing net profit by weighted average number of shares outstandingin the relevant period.Number of total shares and calculation of earnings per share at 31 December 2009 and 2008 areas follows:1 January- 1 1 January-31 December 2009 31 December 2008Number of shares outstanding at 1 January 17.500.000.000 17.500.000.000New shares issued (in full) 70.000.000.000 70.000.000.000Number of shares outstanding at December31 (in full) 87.500.000.000 87.500.000.000Weighted average number of sharesoutstanding during the period (in full) 87.500.000.000 87.500.000.000Net profit for the period 559.076.280 1.134.226.211Earnings per share (kr) (*) 0,64 1,30(*)The earnings per share with par value of TL 1 is TL 0, 64 in December 2009; TL 1, 3 in December 2008.37 RELATED PARTY TRANSACTIONSShort-term trade receivables from related parties (Note 10) are as follows:31 December 2009 31 December 2008P & W T.T Uçak Bakım Merkezi 26.705.625 -Bosnia Herzegovina Airlines 3.729.488 -Sun Express 1.074.744 646.191THY DO&CO İkram Hizmetleri A.Ş. 616.912 4.095.197TGS 1.517 -32.128.286 4.741.38859

TÜRK HAVA YOLLARI ANONİM ORTAKLIĞINOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE PERIOD ENDED 31 DECEMBER, 200937 RELATED PARTY TRANSACTIONS (cont’d)Transactions with related parties in the nine month period ended as of 31 December are asfollows:31 December 2009 31 December 2008TGS (*) 12.546.944 67.386Bosnia Herzegovina Airlines 34.372 -12.581.316 67.386(*) TL 12.279.145 (EURO 5.684.000), a portion of the Group’s non-trade reveivables from TGS,consist of the credit given to TGS which is due to 5 January 2010. (İnterest rate: 2%)Short-term trade payables to related parties (Note 10) are as follows:31 December 2009 31 December 2008Sun Express 14.416.433 9.433.149THY DO&CO İkram Hizmetleri A.Ş. 8.246.716 -22.663.149 9.433.149Transactions with related parties in the nine-month period ended as of 31 December are as follows:1 January- 1 1 January-31 December 2009 31 December 2008Services rendered to Sun Express 46.068.132 8.038.397Services rendered to Bosnia Herzegovina Airlines 4.399.906 -Services rendered to THY DO&CO 1.001.534 792.687Service rendered to P&W T.T. 23.467.921 -Interest income from THY DO&CO - 401.50974.937.493 9.232.5931 January- 1 January-31 December 2009 31 December 2008Services received from THY DO&CO 224.579.638 147.850.051Services received from Sun Express 57.017.608 30.909.242Service received from Bosnia Herzegovina Airlines 2.435.000 -284.032.246 178.759.29360

TÜRK HAVA YOLLARI ANONİM ORTAKLIĞINOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE PERIOD ENDED 31 DECEMBER, 200937 RELATED PARTY TRANSACTIONS (cont’d)Transactions with related parties in the nine month period ended as of 31 December are asfollows:31 December 2009 31 December 2008TGS (*) <strong>12</strong>.546.944 67.386Bosnia Herzegovina <strong>Airlines</strong> 34.372 -<strong>12</strong>.581.316 67.386(*) TL <strong>12</strong>.279.145 (EURO 5.684.000), a portion of the Group’s non-trade reveivables from TGS,consist of the credit given to TGS which is due to 5 January 2010. (İnterest rate: 2%)Short-term trade payables to related parties (Note 10) are as follows:31 December 2009 31 December 2008Sun Express 14.416.433 9.433.149THY DO&CO İkram Hizmetleri A.Ş. 8.246.716 -22.663.149 9.433.149Transactions with related parties in the nine-month period ended as of 31 December are as follows:1 January- 1 1 January-31 December 2009 31 December 2008Services rendered to Sun Express 46.068.132 8.038.397Services rendered to Bosnia Herzegovina <strong>Airlines</strong> 4.399.906 -Services rendered to THY DO&CO 1.001.534 792.687Service rendered to P&W T.T. 23.467.921 -Interest income from THY DO&CO - 401.50974.937.493 9.232.5931 January- 1 January-31 December 2009 31 December 2008Services received from THY DO&CO 224.579.638 147.850.051Services received from Sun Express 57.017.608 30.909.242Service received from Bosnia Herzegovina <strong>Airlines</strong> 2.435.000 -284.032.246 178.759.29360

logo

products

Resources

Company

Terms of service
Privacy policy
Cookie policy
Cookie settings
Imprint
Change language
Made with love in Switzerland
© 2024 Yumpu.com all rights reserved

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!