2002 Annual Report - Turkish Airlines

2002 • 77TURKISH AIRLINES INC.NOTES TO THE FINANCIAL STATEMENTS / continued(all figures are restated to TL money values at December 31, 2002 pursuant to IAS 29)10- OTHER RECEIVABLES AND CURRENT ASSETSOther receivables and current assets consist of the following:December 31, 2002 December 31, 2001TL 000,000 TL 000,000VAT Receivable 88,835 49,319Tax to be Refunded 2,868,057 636,496Third Party Maintenance Service Income Accrual 3,362,514 -Receivable due to Cancellation of A Type Handling License 11,587,347 -Prepaid Operating Lease Expenses 5,710,162 10,672,332Prepaid Sales Commissions 3,501,164 10,181,962Prepaid Fee of A Type Handling License - 8,928,539Deposits Given to Petrol Ofisi A.fi. 3,824,102 -Prepaid Rent 663,560 615,519Other Prepaid Expenses 3,716,424 5,044,324Receivable from Aircraft Manufacturers 1,146,895 1,216,850Receivable from Personnel 588,577 76,673Business Advances 314,920 68,516Restriction on Transfer of funds from Banks (*) 13,349,559 12,046,156Other Receivables 2,066,419 2,025,11952,788,535 51,561,805* The restriction on transfer of funds from banks is related to funds held at banks in Iran and Libya and are classified in other receivables as they canbe transferred to Turkey or used for payment of expenses in related sales bureaus within a period more than 3 months but less than a year.11- ADVANCES GIVENAdvances given consist of the following:December 31, 2002 December 31, 2001TL 000,000 TL 000,000a) Short-Term:Pre-delivery Payments to be Refunded in the following year - 20,315,169Total Short-Term Advances Given - 20,315,169b) Long-TermPre-delivery Payments for Aircraft 7,190,402 10,076,875Deposits Given for Operational Leases Operational Leases 15,537,259 18,399,993Other Deposits Given 2,110,318 2,383,781Total Long-Term Advances Given 24,837,979 30,860,649