TAV IT

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TAV Airports Holding Annual Report 2008
TAV AIRPORTS HOLDING AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2008
(Amounts expressed in Euro unless otherwise stated)
10. OTHER OPERATING INCOME
An analysis of the Group’s other operating income for the years ended 31 December is as follows:
2008 2007
Advertising income 8,884,410 9,029,646
Rent income from sublease 8,215,656 8,371,016
Utility and general participation income (*) 1,650,881 877,634
Other 5,202,134 2,026,900
Total other operating income 23,953,081 20,305,196
(*) Utility participation income consists of electricity, water supplies, heat, natural gas expenses which are initially paid by the
Group and charged to the tenants of the terminal according to the m2 of the areas rented.
11. PERSONNEL EXPENSES
An analysis of the Group’s personnel expenses for the years ended 31 December is as follows:
2008 2007
Wages and salaries 109,694,103 82,767,568
Compulsory social security contributions 18,961,992 15,696,309
Employment termination benefit expenses 532,968 723,817
Other personnel expenses 16,713,746 14,106,706
Total personnel expenses 145,902,809 113,294,400
12. CONCESSION RENT EXPENSES
An analysis of the Group’s concession rent expenses for the years ended 31 December is as follows:
2008 2007
TAV İstanbul 141,174,729 140,789,005
TAV Tunisie (*) 14,776,082 -
Total concession rent expenses 155,950,811 140,789,005
(*) According to the concession agreement, TAV Tunisie is obliged to pay 33.7% of total revenue as concession rent expense to
Tunisian government for 2008.