2002 Annual Report - Turkish Airlines

66 • 2002 TURKISH AIRLINES annual reportTURKISH AIRLINES INC.BALANCE SHEETS AS AT DECEMBER 31, 2002 AND 2001(all figures are restated to TL money values at December 31, 2002 pursuant to IAS 29)December 31, 2002 December 31, 2001ASSETS Note TL 000,000 TL 000,000Cash and Cash Equivalents 5 355,000,990 123,199,116Marketable Securities 6 9,772,674 16,288,977Accounts Receivable (Net) 7 122,069,035 114,058,074Due from Related Parties 8 12,498,974 1,548,021Inventories 9 71,759,000 58,080,547Short-Term Advances Given 11 - 20,315,169Prepaid Tax 22 8,532,701 -Other Receivables and Current Assets 10 52,788,535 51,561,805TOTAL CURRENT ASSETS 632,421,909 385,051,709Long-Term Advances Given 11 24,837,979 30,860,649Investments at Equity 12 3,837,000 2,056,730Other Financial Assets 12 8,436,483 1,459,636Fixed Assets (Net) 13 2,424,459,411 3,020,805,348Other Long-Term Receivables and Assets 14 41,899,565 48,947,956TOTAL LONG-TERM ASSETS 2,503,470,438 3,104,130,319TOTAL ASSETS 3,135,892,347 3,489,182,028December 31, 2002 December 31, 2001LIABILITIES Note TL 000,000 TL 000,000Short-Term Portion of Long-Term Loans 15 742,960 738,326Short-Term Capital Lease Obligations 16 300,454,567 320,965,024Accounts Payable 155,087,911 276,279,681Due to Related Parties 17 5,370,572 109,500Other Payables and Liabilities 18 47,489,688 31,968,519Deposits and Advances Received 19 53,137,319 12,176,189Advance Ticket Sales 20 83,817,514 67,786,885Other Accrued Liabilities 21 67,434,785 48,281,985TOTAL SHORT-TERM LIABILITIES 713,535,316 758,306,109Bank Loans 15 - 720,176Long-Term Capital Lease Obligations 16 1,680,056,258 2,128,412,744Long-Term Trade Payables 119,997 246,930Manufacturers’ Credit (Net) 22 7,042,247 10,494,830Long-Term Deferred Tax Liabilities 22 55,547,217 31,523,666Retirement Pay Provisions 24 76,721,751 67,569,483Other Payables and Liabilities 18 6,660,772 -TOTAL LONG-TERM LIABILITIES 1,826,148,242 2,238,967,829SHAREHOLDERS’ EQUITYCapital 25 1,475,577,862 1,475,577,862Reserves 26 108,826,170 108,826,170Revaluation Surplus - 95,944,069Accumulated Loss (988,195,243) (1,188,440,011)TOTAL SHAREHOLDERS’ EQUITY 596,208,789 491,908,090TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 3,135,892,347 3,489,182,028