2002 Annual Report - Turkish Airlines
2002 Annual Report - Turkish Airlines
2002 Annual Report - Turkish Airlines
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90 • <strong>2002</strong> TURKISH AIRLINES annual reportTURKISH AIRLINES INC.NOTES TO THE FINANCIAL STATEMENTS / continued(all figures are restated to TL money values at December 31, <strong>2002</strong> pursuant to IAS 29)33- INCOME FROM OTHER OPERATIONSIncome from other operations consists of the following:<strong>2002</strong> 2001(Milyon TL) (Milyon TL)Commission Income 2,705,554 -Advertising Income (*) - 7,861,658Income from Equity Investments 1,780,500 46,612Aircraft Rent Income (*) - 4,977,112Insurance Claims Received 1,134,107 2,808,747Gain from Sale of Fixed Assets 9,096,710 17,206,392Credit notes Received 3,243,065 2,801,795Valuation of Investment in Equity SharesAt Market Value - 16,281,126Prior Years Revenue 5,751,384 1,031,681Manufacturer’s Credit Income 1,106,782 3,013,790No charge Materials Income 1,019,088 904,161Reversal of Impairment Provisions - 133,138,507Reversal of Unnecessary Provision 3,137,777 1,015,002Income from Cancelled A Type HandlingLicense 7,761,707 -Other 3,396,285 3,426,24640,132,959 194,512,829(*) Advertising income amounting to TL 4,900,248 Million, aircraft rent income amounting to TL 940,734 Million are classified under other revenue forthe period between January 1 - December 31, <strong>2002</strong>.34- LOSS FROM OTHER OPERATIONSLoss from other operations consists of the following:<strong>2002</strong> 2001TL 000,000 TL 000,000DHMI / USAfi / Petrol Ofisi Interest Charges 113,207 69,175Penalty Expenses 86,590 19,653,933Provision Expenses 2,881,948 17,409,813Diminution in Value of Other Financial Assets 12,979,059 759,303Other Expenses 4,071,471 2,405,57320,132,275 40,297,797