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.)a) Guarantees/Pledges/Mortgages (“GPM”) given by the group: Amount of letter of guarantees given is TL 103,501,040(31 December 2011: TL 97,177,999)Foreigncurrency amount31 December 2012 31 December 2011TL equivalentForeigncurrency amountTL equivalentA. Total amounts of GPM given on thebehalf of its own legal entity - 103.501.040 - 97.177.999-CollateralsTL 11.882.222 11.882.222 10.419.036 10.419.036EUR 6.719.618 15.802.526 7.536.458 18.417.595USD 40.957.707 73.011.209 35.434.308 66.931.865Other 2.805.083 - 1.409.503B. Total amounts of GPM given onthe behalf of subsidiaries that areincluded in full consolidation - - - -C. Total amounts of GPM given inorder to guarantee third partie debtsfor routine trade operations - - - -D. Total amounts of other GPM given - - - -i. Total amount of GPM given onbehalf of the Parent - - - -ii. Total amount of GPM given onbehalf of other group companies notcovered in B and C - - - -iii. Total amount of GPM given onbehalf of third parties not coveredin C - - - -103.501.040 97.177.999The other CPMs given by the Company constitute 0% of the Company’s equity as of 31 December 2012(31 December 2011: 0%).b) The Group’s discounted retirement pay provision is TL 234,019,405. The Group’s liability for retirement pay would beapproximately TL 421,270,210 as of 31 December 2012, if all employees were dismissed on that date.43