2003 Annual Report - Turkish Airlines

TURKISH AIRLINES INC.STATEMENTS OF INCOME FOR THE YEARS ENDED 31 DECEMBER 2003 AND 2002(All figures are restated to TL money values at 31 December 2003 pursuant to IAS 29)31 December 200231 December 2003 TL 000,000Note TL 000,000 (As Restated)Operating Revenue 29, 34 2,499,793,339 2,950,540,284Operating Expenses 30, 34 (2,174,674,745) (2,567,609,822)OPERATING PROFIT 325,118,594 382,930,462Income from Other Operations 32, 34 89,948,593 43,699,711Loss from Other Operations 33 (10,681,740) (8,150,546)INCOME BEFORE FINANCIAL INCOME/(EXPENSE),MONETARY (LOSS)/GAIN AND TAXATION 404,385,447 418,479,627Financial Income/(Expense) (Net) 31 259,735,872 (438,861,860)Monetary (Loss)/Gain (376,874,468) 479,134,761INCOME BEFORE TAXATION 287,246,851 458,752,528Taxation 22 (73,386,988) (111,237,890)NET PROFIT 213,859,863 347,514,638Profit per Share (TL) 1,222 1,986The accompanying notes form an integral part of these financial statements.52