Financial - Turkish Airlines

(Convenience Translation of Report and Financial Statements Originally Issued in Turkish)TÜRK HAVA YOLLARI ANONİM ORTAKLIĞI AND ITS SUBSIDIARIESNotes to the Audited Consolidated Financial StatementsFor the Year Ended 31 December 2012(All amounts are expressed in Turkish Lira (TL) unless otherwise stated.)1 January -31 December 20121 January -31 December 2011Revenue 331.119.437 304.587.085Profit for the year 12.910.948 32.819.926Group’s share in profit for the year 6.455.474 16.409.963By the protocol and capital increase dated on 17 September 2009, 50 % of TGS’ capital, which has a nominal value of6,000,000 TL, was acquired by HAVAŞ for 119,000,000 TL and a share premium at an amount of 113,000,000 TL hasarised in the TGS’s capital. Because the share premium is related to the 5-year service contract between the Companyand TGS, the Company’s portion (50 %) of the share premium under the shareholders’ equity of TGS was recognized as‘Deferred Income’ (Note 26) to be amortized during the contract period.Financial information for THY Opet Havacılık Yakıtları A.Ş. as of 31 December 2012 and 31 December 2011 are as follows:31 December 2012 31 December 2011Total assets 578.119.047 415.486.059Total liabilities 444.563.380 340.894.488Shareholders’equity 133.555.667 74.591.571Group’s share in associate’sshareholders’ equity 66.777.834 37.295.7861 January -31 December 20121 January -31 December 2011Revenue 3.856.846.373 2.271.152.114Profit for the year 60.380.095 27.352.122Group’s share in profit for the year 30.190.048 13.676.061Financial information for Uçak Koltuk Üretimi A.Ş. as of 31 December 2012 and 31 December 2011 are as follows:31 December 2012 31 December 2011Total assets 10.920.448 5.489.742Total assets 9.626.260 100.000Total liabilities 1.294.188 -Shareholders’equity 8.332.072 100.000Group’s share in associate’sshareholders’ equity 4.166.036 50.0001 January -31 December 20121 January -31 December 2011Revenue 21.602 -Profit for the year 8.195.892 -Group’s share in profit for the year 4.097.946 -36 TÜRK HAVA YOLLARI ANNUAL REPORT 2012