2003 Annual Report - Turkish Airlines

13. FIXED ASSETSTechnical Other OtherLand, Land Equipment, Equipment, Aircraft and Rotables and LeasedImprovement Simulator Fixtures and Spare Repairable Construction Total Owned Leased Fixed Assets Total Leased& Building and Vehicles Software Engines Spare Parts In Progress Assets Aircraft & Simulator Assets TotalAcquisition CostOpening balance1 January 2003 134,355,906 266,860,480 252,696,633 548,822,751 312,971,574 70,092 1,515,777,436 3,570,922,826 55,920,357 3,626,843,183 5,142,620,619Adjustments to theOpening Balance (*) 11,245,739 (46,074,958) 1,832,812 (1,958,926) - - (34,955,333) (55,475) - (55,475) (35,010,808)Adjusted OpeningBalance 145,601,645 220,785,522 254,529,445 546,863,825 312,971,574 70,092 1,480,822,103 3,570,867,351 55,920,357 3,626,787,708 5,107,609,811Additions 80,017 3,049,486 5,421,486 - 42,806,066 11,587,900 62,944,955 - - - 62,944,955Disposals (1,071,303) (2,640,922) (6,050,931) (46,620,812) (126,620,732) (11,609,912) (194,614,612) - - - (194,614,612)Closing balance31 December 2003 144,610,359 221,194,086 253,900,000 500,243,013 229,156,908 48,080 1,349,152,446 3,570,867,351 55,920,357 3,626,787,708 4,975,940,154Accumulated DepreciationOpening balance1 January 2003 19,184,097 209,680,153 217,493,884 344,557,803 177,095,768 - 968,011,705 869,267,049 37,934,015 907,201,064 1,875,212,769Adjustments to theOpening Balance (*) 16,557,358 (43,760,370) (4,496,190) (1,541,526) - - (33,240,728) (1,670,646) - (1,670,646) (34,911,374)Adjusted OpeningBalance 35,741,455 165,919,783 212,997,694 343,016,277 177,095,768 - 934,770,977 867,596,403 37,934,015 905,530,418 1,840,301,395Charge for the year 2,428,807 14,599,235 14,004,318 12,042,634 62,517,893 - 105,592,887 166,610,031 3,942,715 170,552,746 276,145,633Disposals (365,396) (2,620,531) (2,131,042) (41,953,073) (125,715,507) - (172,785,549) - - - (172,785,549)Closing balance31 December 2003 37,804,866 177,898,487 224,870,970 313,105,838 113,898,154 - 867,578,315 1,034,206,434 41,876,730 1,076,083,164 1,943,661,479Accumulated Impairment - 6,386,144 - 90,555,098 - - 96,941,242 959,680,883 3,815,441 963,496,324 1,060,437,566NBV at31 December 2003 106,805,493 36,909,455 29,029,030 96,582,077 115,258,754 48,080 384,632,889 1,576,980,034 10,228,186 1,587,208,220 1,971,841,109NBV at31 December 2002 115,171,809 57,180,327 35,202,750 172,960,920 135,875,807 70,092 516,461,705 2,233,404,768 12,620,688 2,246,025,456 2,762,487,161(*) The Company has formed a different database compared with prior years on the fixed assets that are subject to indexation. The indexation differences of this application are TL 99,460 Million after tax effect, and since the amount is immaterial,it is recorded as expense for current year.65