TAV IT
TAV IT
TAV IT
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<strong>TAV</strong> AIRPORTS HOLDING AND <strong>IT</strong>S SUBSIDIARIES<br />
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS<br />
AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2008<br />
(Amounts expressed in Euro unless otherwise stated)<br />
Redemption schedules of the <strong>TAV</strong> İstanbul bank loans according to the original maturities as at 31 December 2008 and 2007 are as<br />
follows:<br />
31 December 2008 31 December 2007<br />
On demand or within one year 30,137,220 52,966,710<br />
In the second year 39,768,340 53,292,710<br />
In the third year 40,599,391 58,369,907<br />
In the fourth year 42,763,429 55,947,749<br />
In the fifth year 45,536,116 61,090,443<br />
After five years 230,393,858 204,662,128<br />
429,198,354 486,329,647<br />
<strong>TAV</strong> Holding<br />
The breakdown of bank loans as at 31 December 2008 is as follows:<br />
Original<br />
Currency<br />
Year of<br />
Maturity<br />
Nominal<br />
Interest Rate<br />
Face<br />
Value<br />
Carrying<br />
Amount<br />
Secured bank loan USD 2012 Libor + 1.85% 72,211,634 72,590,029<br />
Secured bank loan EUR 2010 Euribor + 4.00% 30,000,000 30,866,610<br />
Unsecured bank loan USD 2009 Libor + 4.00% 27,832,876 29,028,308<br />
Unsecured bank loan EUR 2009 Euribor + 3.00% 25,000,000 25,579,244<br />
Unsecured bank loan EUR 2009 Euribor + 2.00% 20,000,000 20,843,874<br />
Unsecured bank loan USD 2010 Libor + 1.20% 11,773,636 11,810,997<br />
Unsecured bank loan EUR 2009 Euribor + 1.10% 12,000,000 12,313,832<br />
Unsecured bank loan USD 2009 Libor + 9.00% 7,064,182 7,076,565<br />
205,882,328 210,109,459<br />
The breakdown of bank loans as at 31 December 2007 is as follows:<br />
Original<br />
Currency<br />
Year of<br />
Maturity<br />
Nominal<br />
Interest Rate<br />
Face<br />
Value<br />
Carrying<br />
Amount<br />
Secured bank loan USD 2012 Libor + 1.85% 78,318,618 78,933,408<br />
Unsecured bank loan EUR 2008 5.30% 25,000,000 25,908,161<br />
Unsecured bank loan EUR 2009 Euribor+1.10% 18,000,000 18,476,326<br />
Unsecured bank loan USD 2010 Libor + 1.20% 17,025,786 17,112,362<br />
138,344,404 140,430,257<br />
Redemption schedules of the <strong>TAV</strong> Holding bank loans as at 31 December 2008 and 2007 are as follows:<br />
31 December 2008 31 December 2007<br />
On demand or within one year 142,402,369 52,102,025<br />
In the second year 34,045,658 44,843,309<br />
In the third year 17,426,517 21,658,292<br />
In the fourth year 16,234,915 14,948,920<br />
In the fifth year - 6,877,711<br />
210,109,459 140,430,257
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