Income Statement

The following statement has been submitted to the tax office as attached to the provisional tax declaration
and has not been issued in accordance with the Capital Market Regulation
HURGZ
HÜRRİYET GAZETECİLİK VE MATBAACILIK A.Ş.
ANNEX OF TEMPORARY TAX DECLARATION
FOR THE PERIOD 01.01.2011 - 31.12.2011.
INCOME STATEMENT (TL)
01.01.2010 - 31.12.2010 01.01.2011 - 31.12.2011
A- GROSS SALES 697,894,364,85 700,559,577,56
1. DOMESTIC SALES 684,681,125,03 685,097,907,10
2- FOREIGN SALES 29,910,49 1,216,51
3- OTHER INCOMES 13,183,329,33 15,460,453,95
B-SALES DEDUCTION (-) -190,305,665,89 -144,667,932,65
1- SALES RETURNS (-) -40,786,137,25 -41,184,881,09
2- SALES DISCOUNTS (-) -149,519,528,64 -103,483,051,56
C- NET SALES 507,588,698,96 555,891,644,91
D-COST OF SALES (-) -259,777,567,24 -314,792385,80
1- COST OF SOLD PRODUCTS (-) -248,047,780,62 -282,172,448,20
2- COST OF SOLD COMMERCIAL GOODS (-) -493,599,40 -412,060,53
3- COST OF SOLD SERVICES (-) -5,108,255,30 -24,364,758,84
4- COST OF OTHER SALES (-) -6,127,931,92 -7,843,118,23
GROSS SALES PROFIT OR LOSS 247,811,131,72 241,099,259,11
E- ACTIVITY EXPENSES (-) -177,007,447,39 -180,366,794,60
2- MARKETING, SALES AND DISTRIBUTION -117,195,942,81 -115,422,145,62
EXPENSES (-)
3- GENERAL MANAGEMENT EXPENSES (-) -59,811,504,58 -64,944,648,98
ACTIVITY PROFIT OR LOSS 70,803,684,33 60,732,464,51
F- ORDINARY PROFIT AND INCOMES FROM
38,492,429,97 47,874,006,41
OTHER ACTIVITIES
1- DIVIDEND INCOME FROM
381,733,11 840,473,08
PARTICIPATIONS
3- INTEREST INCOMES 9,342,091,79 7,674,869,02
5- RESERVES WITHOUT OBJECT 312,097,13 6,334,460,92

7- EXCHANGE PROFITS 23,300,627,55 28,062,527,15
8- REDISCOUNT INTEREST INCOME 61,926,75 57,350,64
9- OTHER ORDINARY INCOME AND PROFITS 5,093,953,64 4,904,361,60
G- EXPENSES AND LOSSES FROM OTHER
-49,414,665,08 -25,403,946,89
ORDINARY OPERATIONS
2- PROVISIONS (-) -23,554,230,05 -3,508,976,17
4- EXCHANGE LOSSES (-) -25,060,996,67 -20,143,733,86
5- REDISCOUNT INTEREST EXPENSES (-) -57,350,64 -219,815,01
7- OTHER ORDINARY EXPENSES AND
-742,087,72 -1,531,421,85
LOSSES(-)
H- FINANCIAL EXPENSES (-) -19,692,193,22 -96,058,356,35
1- SHORT TERM FINANCIAL EXPENSES (-) -7,012,518,84 -44,257,683,33
2- LONG TERM FINANCIAL EXPENSES (-) -12,679,674,38 -51,800,673,02
ORDINARY PROFIT OR LOSS 40,189,256,00 -12,855,832,32
I- EXTRAORDINARY INCOME AND PROFITS 566,837,28 3,021,184,27
1- PRIOR PERIOD INCOME AND PROFITS 23,932,27 76,981,15
2- OTHER EXTRA ORDINARY INCOME AND 542,905,01 2,944,203,12
PROFITS
J-EXTRAORDINARY EXPENSES AND LOSSES (-) -9,955,941,35 -27,594,447,62
2- PRIOR PERIOD EXPENSES AND LOSSES (-) -333,615,19 -482,929,11
3- OTHER EXTRA ORDINARY EXPENSES AND -9,622,326,16 -27,111,518,51
LOSSES (-)
PROFIT OR LOSS FOR THE PERIOD 30,800,151,93 -37,429,095,67
K-ALLOWANCE FOR TAXATION ON CURRENT
-12,412,705,48 0,00
PERIOD PROFIT AND OTHER LEGAL
LIABILITIES (-)
NET PERIOD PROFIT OR LOSS 18,387,446,45 -37,429,095,67
(company stamp and signature)