2002 Annual Report - Turkish Airlines
2002 Annual Report - Turkish Airlines 2002 Annual Report - Turkish Airlines
90 • 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)33- INCOME FROM OTHER OPERATIONSIncome from other operations consists of the following:2002 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, 2002.34- LOSS FROM OTHER OPERATIONSLoss from other operations consists of the following:2002 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
2002 • 9135- TRANSACTIONS WITH RELATED PARTIESFor the purposes of the accompanying financial statements, the Company's shareholders and the Company's equity participations are referred to asrelated parties.2002 2001TL 000,000 TL 000,000Services given to SUN EXPRESS 2,080,331 4,269,022Services given to USAfi 221,188 -2,301,519 4,269,022Services taken from SUN EXPRESS 522,027 -Services taken from USAfi 54,081,900 -54,603,927 -Dividend income received from investments is as follows:2002 2001TL 000.000 TL 000.000France Telekom 287,940 -Emek ‹nflaat and ‹flletim A.fi. 1,092 46,612289,032 46,612
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<strong>2002</strong> • 9135- TRANSACTIONS WITH RELATED PARTIESFor the purposes of the accompanying financial statements, the Company's shareholders and the Company's equity participations are referred to asrelated parties.<strong>2002</strong> 2001TL 000,000 TL 000,000Services given to SUN EXPRESS 2,080,331 4,269,022Services given to USAfi 221,188 -2,301,519 4,269,022Services taken from SUN EXPRESS 522,027 -Services taken from USAfi 54,081,900 -54,603,927 -Dividend income received from investments is as follows:<strong>2002</strong> 2001TL 000.000 TL 000.000France Telekom 287,940 -Emek ‹nflaat and ‹flletim A.fi. 1,092 46,612289,032 46,612
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