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.)As of December 2011, TL12,815,279 part of the “VAT Return“ item, which was stated under “Shor-term OtherReceivables”,is now classified under”Other Current Assets”.As of December 2011,TL125,047 part of the “Personnel Credit Card Liability” item, which was stated under”Short-termFinancial Liabilities”,is now cliassified under “Trade Payables”.As of December 2011, TL 497,573 part of the “Debt to Personnel” and TL 317,867 of “Debt to Social Security Institution”item,both of them was stated under “Trade Payables”,is now classified under “Short-term Benefits of Employee”and“Short-term Other Liabilites” ,respectively.As of December 2011, TL136,452,869 part of the “Landing ve Passenger Service Charges” item, which was stated under“Trade Payables”,is now classified under ”Flight Liability Generating from Ticket Sales”.As of December 2011, TL 2,172,969 part of the “Taxes Collected from Abroad” item, which was stated under”Other ShorttermLiabilities”,is now classified under “Short-term Other Payables”.As of December 2011, TL67,767,337 part of the “Miscellaneous Service Advances ” item, which was stated under “OtherShort-term Liabilities”,is now classified under ”Flight Liability Generating from Ticket Sales”.As of December 2011, TL 1,500,183 part of the “Trade Payables” item,which was stated under “Passenger FlightLiabilities”,is now classified under “Short-term Trade Payables”.As of December 2011, TL 91,499 part of the “Taxes Payable” item,which was stated under “Other Short-term Liability” ,isnow classified “Other Short-term Debts”.As of December 2011, TL 4,473,928 part of the “Agency Incentive Premium Payables”item,which was stated under“Other Short-term Liabilites”, is now classified under “Short-term Trade Payables”.78 TÜRK HAVA YOLLARI ANNUAL REPORT 2012