2002 Annual Report - Turkish Airlines
2002 Annual Report - Turkish Airlines 2002 Annual Report - Turkish Airlines
46 • 2002 TURKISH AIRLINES annual reportTURKISH AIRLINES INC.DETAILED STATEMENTS OF INCOMEFOR THE YEARS ENDED 31 DECEMBER 2002 AND 2001 (TL Million)31.12.2002 31.12.2001A- GROSS SALES 2,366,122,532 1,734,918,2411- Domestic Sales 846,212,555 645,832,0832- Export Sales 1,370,477,677 1,036,925,4723- Others Sales Revenues 149,432,300 52,160,686B- SALES DEDUCTIONS (-) (110,610,862) (69,682,016)1- Sales Returns (-) (72,375,995) (61,430,825)2- Sales Discounts (-) - -3- Other Deductions (-) (38,234,867) (8,251,191)C- NET SALES 2,255,511,670 1,665,236,225D- COST OF SALES (-) (1,655,139,664) (1,442,739,643)GROSS PROFIT 600,372,006 222,496,582E- OPERATING EXPENSES (518,269,299) (407,026,251)1- Research and Development Expenses (-) - -2- Marketing Selling and Distribution Expenses (-) (363,876,220) (277,225,681)3- General Administrative Expenses (-) (154,393,079) (129,800,570)PROFIT OR LOSS ON MAIN OPERATING ACTIVITIES 82,102,707 (184,529,669)F- OTHER OPERATING INCOME 200,298,421 158,920,2911- Dividend Income from Equity Participations 248,315 -2- Dividend Income from Subsidiaries - -3- Interest and Other Dividend Income 23,394,105 8,109,9724- Other Operating Income 176,656,001 150,810,319G- OTHER OPERATING EXPENSES (-) (124,593,621) (31,253,906)H- FINANCIAL EXPENSES (-) (249,208) (21,417,159)1- Short-Term Borrowing Expenses (-) (33,869) (19,237,319)2- Long-Term Borrowing Expenses (-) (215,339) (2,179,840)OPERATING PROFIT OR LOSS 157,558,299 (78,280,443)I- EXTRAORDINARY INCOME 27,201,800 111,381,1841- Prior Period Provisions 3,028,386 326,7972- Prior Period Income 6,942,563 5,541,2593- Other Extraordinary Income 17,230,851 105,513,128J- EXTRAORDINARY EXPENSES (47,442,683) (24,973,438)1- Idle Capacity Expenses (-) (2,427,222) (1,626,371)2- Prior Period Expenses (-) (42,366,332) (9,739,014)3- Other Extraordinary Expenses (-) (2,649,129) (13,608,053)PERIOD PROFIT OR LOSS 137,317,416 8,127,303K- TAXATION (32,398,092) -NET PROFIT OR LOSS FOR THE PERIOD 104,919,324 8,127,303
2002 • 47TURKISH AIRLINES INC.STATEMENTS OF FUNDS FLOWFOR THE YEARS ENDED 31 DECEMBER 2002 AND 2001 (TL Million)31.12.2002 31.12.2001A. SOURCES 401,342,760 209,062,7031. Sources from the Operational Income 259,752,111 -a) Operational Income 157,558,301 -b) Depreciation 56,376,019 -c) Expenses which do not Require Fund Outflow 46,678,604 -d) Income which do not provide Fund inflow (860,813) -2. Sources from Extraordinary Income - 86,407,746a) Extraordinary Profit - 86,407,746b) Expense which do not Create Fund Outflow (-) - -c) Income which do not provide Fund Inflow (-) - -3. Decrease in Short-Term Receivables - -4. Decrease in Long-Term Receivables - -5. Increase in Short-Term Payables 131,510,720 110,300,2526. Increase in Long-Term Payables 10,079,929 -7. Issuance of Share Capital (In Return for Cash) - 12,339,9318. Emission Premium - 14,774B. USAGE OF SOURCES 401,342,760 209,062,7031. Source Usage - (7,361,997)Due to Operational Lossa) Operational Loss - 78,280,443b) Depreciations (-) - (45,620,530)c) Expenses which do not require Funds Outflow (+) - (40,263,565)d) Income which do not provide Funds Inflow (-) - 241,6552. Source Usage 17,813,661 -Due to Extraordinary Lossa) Extraordinary Loss 20,240,883 -b) Expenses that do not Require Funds Outflow (2,427,222) -c) Expenses that do not Require Funds Inflow - -3. Taxes Paid -4. Dividends Paid - -5. Increase in Current Assets 379,343,010 145,947,7786. Increase in Long-Term Assets(Except for Revaluation) 4,186,089 70,900,7967. Decrease in Short-Term Liabilities - -8. Decrease in Long-Term Liabilities (423,874)9. Decrease in Capital - -CHANGE IN NET WORKING CAPITALIncrease in Net Working Capital 205,835,501 25,839,294Decrease in Net Working Capital - -
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46 • <strong>2002</strong> TURKISH AIRLINES annual reportTURKISH AIRLINES INC.DETAILED STATEMENTS OF INCOMEFOR THE YEARS ENDED 31 DECEMBER <strong>2002</strong> AND 2001 (TL Million)31.12.<strong>2002</strong> 31.12.2001A- GROSS SALES 2,366,122,532 1,734,918,2411- Domestic Sales 846,212,555 645,832,0832- Export Sales 1,370,477,677 1,036,925,4723- Others Sales Revenues 149,432,300 52,160,686B- SALES DEDUCTIONS (-) (110,610,862) (69,682,016)1- Sales Returns (-) (72,375,995) (61,430,825)2- Sales Discounts (-) - -3- Other Deductions (-) (38,234,867) (8,251,191)C- NET SALES 2,255,511,670 1,665,236,225D- COST OF SALES (-) (1,655,139,664) (1,442,739,643)GROSS PROFIT 600,372,006 222,496,582E- OPERATING EXPENSES (518,269,299) (407,026,251)1- Research and Development Expenses (-) - -2- Marketing Selling and Distribution Expenses (-) (363,876,220) (277,225,681)3- General Administrative Expenses (-) (154,393,079) (129,800,570)PROFIT OR LOSS ON MAIN OPERATING ACTIVITIES 82,102,707 (184,529,669)F- OTHER OPERATING INCOME 200,298,421 158,920,2911- Dividend Income from Equity Participations 248,315 -2- Dividend Income from Subsidiaries - -3- Interest and Other Dividend Income 23,394,105 8,109,9724- Other Operating Income 176,656,001 150,810,319G- OTHER OPERATING EXPENSES (-) (124,593,621) (31,253,906)H- FINANCIAL EXPENSES (-) (249,208) (21,417,159)1- Short-Term Borrowing Expenses (-) (33,869) (19,237,319)2- Long-Term Borrowing Expenses (-) (215,339) (2,179,840)OPERATING PROFIT OR LOSS 157,558,299 (78,280,443)I- EXTRAORDINARY INCOME 27,201,800 111,381,1841- Prior Period Provisions 3,028,386 326,7972- Prior Period Income 6,942,563 5,541,2593- Other Extraordinary Income 17,230,851 105,513,128J- EXTRAORDINARY EXPENSES (47,442,683) (24,973,438)1- Idle Capacity Expenses (-) (2,427,222) (1,626,371)2- Prior Period Expenses (-) (42,366,332) (9,739,014)3- Other Extraordinary Expenses (-) (2,649,129) (13,608,053)PERIOD PROFIT OR LOSS 137,317,416 8,127,303K- TAXATION (32,398,092) -NET PROFIT OR LOSS FOR THE PERIOD 104,919,324 8,127,303
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