2002 Annual Report - Turkish Airlines

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88 • 2002 TURKISH AIRLINES annual reportTURKISH AIRLINES INC.NOTES TO THE FINANCIAL STATEMENTS / continued(all figures are restated to TL money values at December 31, 2002 pursuant to IAS 29)30- SEGMANTAL INFORMATIONAnalysis of Traffic Revenue:2002 2001TL 000,000 TL 000,000Scheduled Services- Passenger 2,072,920,548 2,203,976,996- Cargo and mail 252,683,853 266,625,5202,325,604,401 2,470,602,516Non-scheduled Services 44,267,130 34,470,754Other Revenue 205,202,250 190,682,145Total Revenue 2,575,073,781 2,695,755,415Geographical analysis of the scheduled services’ traffic revenue is as follows:International2002 2001TL 000,000 TL 000,000- Europe 1,006,474,811 1,081,744,158- Middle East 210,110,924 224,069,318- South Africa 22,454,067 23,308,759- North Africa 60,262,237 60,435,061- North America 155,485,369 203,212,676- Far East 384,118,217 355,540,0651,838,905,625 1,948,310,037Domestic 486,698,776 522,292,479Total Scheduled Services’ Traffic Revenue 2,325,604,401 2,470,602,516
2002 • 89TURKISH AIRLINES INC.NOTES TO THE FINANCIAL STATEMENTS / continued(all figures are restated to TL money values at December 31, 2002 pursuant to IAS 29)31- OPERATING EXPENSESOperating expenses consist of the following:2002 2001TL 000,000 TL 000,000Fuel Oil 328,465,313 466,707,933Maintenance Expenses 134,725,019 141,615,016Passenger Service Expenses 140,368,284 149,197,965Landing and Navigation Expenses 203,937,321 248,001,968Handling and Station Expenses 168,583,475 202,991,452Staff Expenses 442,479,618 546,678,672Marketing and Selling Expenses 315,171,690 329,243,332General Operations 50,917,547 75,837,806General Administrative Expenses 20,563,872 18,140,728Hull Insurance 29,042,942 32,733,465Depreciation Expenses 263,577,489 279,139,668Operating Lease Expenses 67,014,469 99,001,160Impairment Loss on Aircraft 376,901,236 -Other 13,157,092 19,405,2382,554,905,367 2,608,694,40332- FINANCIAL EXPENSES (NET)Financial expenses consist of the following:2002 2001TL 000,000 TL 000,000Interest Income 25,719,673 14,207,925Foreign Exchange Gains 185,281,715 316,847,569Discount Income 1,736,043 -Financial Income 212,737,431 331,055,494Foreign Exchange Losses (495,713,882) (2,107,130,063)Interest Expense - Third parties (282,528) (44,477,485)Capital Lease Interest Expense (86,425,182) (161,967,221)Retirement Pay Interest Cost (4,004,118) (4,874,748)Discounting Expense (274,324) (1,640,746)Finance Expense (586,700,034) (2,320,090,263)Finance Expense (Net) (373,962,603) (1,989,034,769)
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contentsHighlights of the Year 2002
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2002 • 05utilization also went up
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08 • 2002 TURKISH AIRLINES annual
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2002 • 11flight and traffic devel
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There are two multi-purpose total a
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Passengers who purchase ticketsfor
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