2002 Annual Report - Turkish Airlines

48 • 2002 TURKISH AIRLINES annual reportTURKISH AIRLINES INC.STATEMENT OF CASH FLOWFOR THE YEARS ENDED 31 DECEMBER 2002 AND 2001 (TL Million)31.12.2002 31.12.2001A. CASH AT THE BEGINNING OF THE PERIOD 100,720,040 29,081,269B. CASH INFLOWS IN THE PERIOD 2,663,448,579 1,933,881,0381. Cash Inflows from the Sales 2,212,764,503 1,621,717,454a) Net Sales Revenue 2,255,511,670 1,665,236,225b) Increase in Accounts Receivable(Due to Sales) (-) (42,747,167) (43,518,771)c) Decrease in Accounts Receivable(Due to Sales) - -2. Cash Provided from Other OperationsIncome and Profit 199,437,609 158,678,6363. Cash Provided from Extraordinary Income and Profit 27,201,800 111,381,1844. Increase in Short-Term Payables 147,132,141 -(Not Due to Purchases)a) Other Increases 147,132,141 -5. Increase in Long-Term Payables 10,079,929 -(Not Due to Purchases)a) Loans - -b) Other Increases 10,079,929 -6. Proceeds from Issuance of Share Capital - 12,354,7057. Proceeds from Additional Paid in Capital - -8. Other Cash Inflows 66,832,597 29,749,059C. CASH OUTFLOWS IN THE PERIOD 2,396,639,021 1,862,242,2671. Cash Outflows from the Costs 1,709,735,531 1,313,904,960a) Cost of Sales 1,655,139,664 1,442,739,643b) Increase in Inventories 26,724,815 20,410,715c) Decrease in Accounts Payable 27,871,052 -(Due to Purchases)d) Increase in Accounts Payable(Due to Purchases) (-) - (103,624,868)e) Expenses which do not Require Cash Outflowlike Depreciation and Provisions (-) - (45,620,530)f) Decrease in Inventory (-) - -2. Cash Outflow Due to Operational Expenses 298,283,501 295,405,666a) Marketing, Sales and Distribution Expenses 365,550,181 278,681,075b) General Administrative Expenses 126,421,570 129,800,570c) Expenses Which do not RequireCash Outflow (-) (193,688,250) (113,075,979)3. Cash Outflow Due to Other OperatingExpenses and Losses 131,345,506 18,071,825a) Other Operating Expenses and Losses 150,891,168 29,798,512b) Expenses and LossesWhich do not Require Cash Outflow (-) (19,545,662) (11,726,687)4. Cash Outflows Due to Financing Expenses 249,208 21,417,1595. Cash Outflows Due toExtraordinary Expenses and Losses 45,015,461 24,973,438a) Extraordinary Expenses and Losses 45,015,461 24,973,438b) Expenses and Losseswhich do not Require Cash Outflow (-) - -6. Cash Outflow Due to Long-Term Asset Investments 41,182,835 69,989,9867. Short-Term External Debt Payment - 32,714,348(Not Due to Purchases)a) Principle Payments of Loans - -b) Other Payments - 32,714,3488. Principle Payments of Long-Term Liabilities - 13,2939. Taxes Paid - -10. Dividends Paid - -11. Other Cash Outflows 170,826,979 85,751,592D. CASH AT THE END OF PERIOD 367,529,598 100,720,040E. CASH INCREASE 266,809,558 71,638,771