2003 Annual Report - Turkish Airlines

Financial FiguresProfit/Loss (TL millions)According to Uniform Accounting System1999 2000 2001 2002 2003Operating Revenues 541,672,304 959,662,893 1,665,236,226 2,171,619,433 2,390,842,395Operating Expenses 649,647,344 1,087,205,111 1,837,236,504 2,152,412,536 2,208,871,203Operating Profit/(Loss) (107,975,040) (127,542,218) (172,000,278) 19,206,896 181,971,193Revenue and Profit from Other Operations 38,408,599 35,728,573 159,125,631 196,467,307 260,294,470Expenses and Losses from Other Operations 5,301,600 8,719,398 31,845,838 131,755,070 223,934,191Financial Expenses 12,297,519 11,957,025 21,417,159 249,208 2,223,214Ordinary Profit/(Loss) (87,165,560) (112,490,068) (66,137,644) 83,669,926 216,108,258Extraordinary Revenues and Profits 40,032,779 61,312,556 111,054,387 24,093,063 45,769,987Extraordinary Expenses and Losses 20,381,596 12,856,882 24,973,439 7,961,281 9,368,673Provisions for Taxes - - - 32,398,092 78,990,691Net Profit/(Loss) (67,514,377) (64,034,394) 19,943,304 67,403,616 173,518,880Profit/Loss (TL millions)According to Capital Market Law Serial XI, Decree No:11999 2000 2001 2002Operating Revenues 541,672,304 959,662,893 1,665,236,225 2,255,511,670Operating Expenses 653,722,218 1,094,169,382 1,849,765,894 2,173,408,963Operating Profit/(Loss) (112,049,914) (134,506,489) (184,529,669) 82,102,707Revenue and Profit from Other Operations 38,319,322 34,724,275 158,920,291 200,298,421Expenses and Losses from Other Operations 4,042,760 7,240,369 31,253,906 124,593,621Financial Expenses 12,297,519 11,957,025 21,417,159 249,208Ordinary Profit/(Loss) (90,070,871) (118,979,608) (78,280,443) 157,558,299Extraordinary Revenues and Profits 40,122,056 62,316,854 111,381,184 27,201,800Extraordinary Expenses and Losses 20,381,594 12,856,882 24,973,438 47,442,683Provisions for Taxes - - - 32,398,092Net Profit/(Loss) (70,330,409) (69,519,636) 8,127,303 104,919,324Profit/Loss (TL millions)According to IFRS (All figures are restated to TL money values at December 31, 2003 pursuant to IAS 29)1999 2000 2001 2002 2003Operating Revenues 2,523,989,677 3,074,499,802 3,071,608,330 2,950,540,284 2,499,793,339Operating Expenses 2,902,389,840 3,362,536,635 2,972,408,926 2,567,609,822 2,174,674,745Operating Profit/(Loss) (378,400,163) (288,036,833) 99,199.404 382,930,462 325,118,594Income from Other Operations 110,401,096 111,133,743 221,632,579 43,699,711 89,948,593Loss from Other Operations 61,817,126 30,166,642 45,916,276 8,150,546 10,681,740Ordinary Profit/(Loss) (329,816,193) (207,069,732) 274,915,707 418,479,627 404,385,447Net Financial Revenue (979,859,566) (724,319,882) (2,266,353,888) (438,861,860) 259,735,872Monetary Gain/(Loss) 949,756,639 802,392,032 1,806,831,384 479,134,761 (376,874,468)Income Before Taxation (359,919,120) (128,997,582) (184,606,797) 458,752,528 287,246,851Tax Provisions 8,651,329 2,888,391 (8,929,353) (111,237,890) (73,386,988)Net Profit/(Loss) (351,267,791) (126,109,191) (193,536,150) 347,514,638 213,859,863Minority Shares (8,366,511) 5,993,782Net Profit/(Loss) (359,634,302) (120,115,409) (193,536,150) 347,514,638 213,859,863Exchange Rate, end of year (US$ 1.00) 540,098 671,765 1,439,567 1,634,501 1,395,835Exchange Rate, yearly average (US$ 1.00) 417,095 623,355 1,220,517 1,503,494 1,496,0887