Financial - Turkish Airlines

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(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.)31 December 2011TradeReceivablesReceivablesOtherReceivablesDeposits inBanksDerivativeInstruments Other TotalPast due 1-30 days 154.588.150 - - - - 154.588.150Past due 1-3 months 22.320.528 - - - - 22.320.528Past due 3-12 months 63.762.619 - - - - 63.762.619Past due 1-5 years 14.317.716 - - - - 14.317.716Past due more than 5 years 718.791 - - - - 718.791Total past due receivables 255.707.804 - - - - 255.707.804The part under guarantee with collateral etc. 2.847.053 - - - - 2.847.053As of balance sheet date, total amount of cash collateral and letter of guarantee, which is received by Group for past due not impaired receivable, is TL 3,574,589 (31 December2011: TL 2,847,053).As of the balance sheet date, The Group has no guarantee for past due receivables for which provisions were recognized.b.2) Liquidity risk management64 TÜRK HAVA YOLLARI ANNUAL REPORT 2012
(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.)The main responsibility of liquidity risk management rests upon Board of Directors. The Board built an appropriaterisk management for short, medium and long term funding and liquidity necessities of the Group management. TheGroup manages liquidity risk by maintaining adequate reserves, banking facilities and reserve borrowing facilities bycontinuously monitoring forecast and actual cash flows and matching the maturity profiles of financial assets andliabilities.The tables below demonstrate the maturity distribution of nonderivative financial liabilities and are prepared based onthe earliest date on which the Group can be required to pay. The interests that will be paid on the future liabilities areincluded in the related maturities. The adjustment column shows the item which causes possible cash flow in the futureperiods. The item in question is included in the maturity analysis and is not included balance sheet amount of financialliabilities in the balance sheet.Group manages liquidity risk by keeping under control estimated and actual cash flows and by maintaining adequatefunds and borrowing reserves through matching the maturities of financial assets and liabilities.Liquidity risk table:31 December 2012Due date on thecontractBook valueTotal cashoutflowaccording tothe contract(I+II+III+IV)Less than 3months (I)3-12months (II)1-5years (III)More than5 years (IV)Non-derivative financial liabilitiesFinance leaseobligations 8.666.993.598 9.984.187.644 245.252.701 823.054.902 4.291.572.222 4.624.307.819Trade payables 912.324.274 913.005.421 913.005.421 - - -Other financialliabilities 31.064.076 31.064.076 31.064.076 - - -Total 9.610.381.948 10.928.257.141 1.189.322.198 823.054.902 4.291.572.222 4.624.307.81931 December 2011Due date on thecontractBook valueTotal cashoutflowaccording tothe contract(I+II+III+IV)Less than3 months (I)3-12months (II)1-5years (III)More than5 years (IV)Non-derivativefinancial liabilitiesFinance leaseobligations 7.912.882.833 9.063.046.374 229.775.641 734.536.609 3.599.737.058 4.498.997.066Trade payables 870.440.470 1.006.176.118 869.723.250 136.452.868 - -Other financialliabilities 3.487.463 3.612.510 3.612.510 - - -Total 8.786.810.766 10.072.835.002 1.103.111.401 870.989.477 3.599.737.058 4.498.997.06665
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