2002 Annual Report - Turkish Airlines

2002 • 09financial resultsFinancial Results According to Uniform Accounting System(TL millions) 1998 1999 2000 2001 2002OPERATING REVENUES 354,777,019 541,672,304 959,662,893 1,665,236,226 2,171,619,433OPERATING EXPENSES 361,028,924 649,647,344 1,087,205,111 1,837,236,504 2,152,412,536OPERATING PROFIT / (LOSS) (6,251,905) (107,975,040) (127,542,218) (172,000,278) 19,206,896REVENUE AND PROFIT FROM OTHER OPERATIONS 14,286,372 38,408,599 35,728,573 159,125,631 196,467,307EXPENSES AND LOSSES FROM OTHER OPERATIONS 3,344,480 5,301,600 8,719,398 31,845,838 131,755,070FINANCIAL EXPENSES 3,557,426 12,297,519 11,957,025 21,417,159 249,208ORDINARY PROFIT / (LOSS) 1,132,561 (87,165,560) (112,490,068) (66,137,644) 83,669,926EXTRAORDINARY REVENUES 9,323,263 40,032,779 61,312,556 111,054,387 24,093,063EXTRAORDINARY EXPENSES 2,993,988 20,381,596 12,856,882 24,973,439 7,961,281PROVISION FOR TAXES AND OTHER STATUTORY OBLIGATIONS 1,999,663 - - - 32,398,092NET PROFIT / (LOSS) 5,462,173 (67,514,377) (64,034,394) 19,943,304 67,403,616YEAR-END EXCHANGE RATE (US$ 1.00) 312,720 540,098 671,765 1,439,567 1,634,501AVERAGE EXCHANGE RATE (US$ 1.00) 259,825 417,094 623,354 1,220,517 1,503,494Financial Results According to Capital Markets Board Law Serial XI, Communiqué No.(TL millions) 1998 1999 2000 2001 2002OPERATING REVENUES 354,777,019 541,672,304 959,662,893 1,665,236,225 2,255,511,670OPERATING EXPENSES 361,028,924 653,722,218 1,094,169,382 1,849,765,894 2,173,408,963OPERATING PROFIT / (LOSS) (6,251,905) (112,049,914) (134,506,489) (184,529,669) 82,102,707REVENUE AND PROFIT FROM OTHER OPERATIONS 14,286,372 38,319,322 34,724,275 158,920,291 200,298,421EXPENSES AND LOSSES FROM OTHER OPERATIONS 3,344,480 4,042,760 7,240,369 31,253,906 124,593,621FINANCIAL EXPENSES 3,557,426 12,297,519 11,957,025 21,417,159 249,208ORDINARY PROFIT / (LOSS) 1,132,561 (90,070,871) (118,979,608) (78,280,443) 157,558,299EXTRAORDINARY REVENUES 9,323,263 40,122,056 62,316,854 111,381,184 27,201,800EXTRAORDINARY EXPENSES 2,993,988 20,381,594 12,856,882 24,973,438 47,442,683PROVISION FOR TAXES AND OTHER STATUTORY OBLIGATIONS 1,999,663 - - - 32,398,092NET PROFIT / (LOSS) 5,462,173 (70,330,409) (69,519,636) 8,127,303 104,919,324YEAR-END EXCHANGE RATE (US$ 1.00) 312,720 540,098 671,765 1,439,567 1,634,501AVERAGE EXCHANGE RATE (US$ 1.00) 259,825 417,094 623,354 1,220,517 1,503,494