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.)Number of total shares and calculation of earnings per share at 31 December 2012 and 2011:1 January - 1 January -31 December 2012 31 December 2011Number of shares outstanding at 1 January (in full) 120.000.000.000 100.000.000.000New shares issued (in full) - 20.000.000.000Number of shares outstanding at 31 December (in full) 120.000.000.000 120.000.000.000Weighted average number of shares outstandingduring the period (in full) 120.000.000.000 120.000.000.000Net profit for period 1.133.367.233 18.516.632Earnings per share (Kr) 0,94 0,0237. RELATED PARTY TRANSACTIONSShort-term trade receivables from related parties that are accounted by using the equity method (Note 10) are asfollows:31 December 2012 31 December 2011TEC 12.736.341 -Sun Express 5.791.128 5.072.047TCI 447.790 58.387Bosnia Herzegovina Airlines - 1.526.276Türkbine Teknik - 312.35018.975.259 6.969.060Other short-term receivables from related parties are as follows:31 December 2012 31 December 2011TCI 7.959 7.959Türkbine Teknik 476 9.671Uçak Koltuk 96 1.814Goodrich - 38.6388.531 58.082Short-term trade payables to related parties that are acoounted by using the equity method (Note 10) are as follows:31 December 2012 31 December 2011THY Opet 139.538.456 127.045.062TGS 27.246.944 21.907.112Sun Express 19.426.776 -Turkish DO&CO 16.035.217 25.136.455TEC 12.462.870 6.855.313Goodrich 289.812 -Türkbine Teknik 676 -TCI 244 -215.000.995 180.943.94258 TÜRK HAVA YOLLARI ANNUAL REPORT 2012