TÜRK HAVA YOLLARI ANONİM ORTAKLIĞI AND ITS SUBSIDIARIES
Condensed Consolidated Interim Balance Sheet as at 31 March 2022
(All amounts are expressed in Million Turkish Lira (TL) unless otherwise stated.)
ASSETS 31 March 2022 31 December 2021 | ||
Current Assets | ||
Cash and Cash Equivalents Financial Investments Trade Receivables -Related Parties -Third Parties Other Receivables -Related Parties -Third Parties Derivative Financial Instruments Inventories Prepaid Expenses Current Income Tax Assets Other Current Assets | 37.249 35.679 8.427 69 424 315 14.105 12.008 81 76 10.523 10.541 3.361 782 4.185 3.481 2.422 1.526 178 260 857 1.060 | |
TOTAL CURRENT ASSETS | 81.812 | 65.797 |
Non-Current Assets | ||
Financial Investments Other Receivables -Third Parties Investments Accounted by Using Equity Method Property and Equipment Right of Use Assets Intangible Assets - Other Intangible Assets - Goodwill Prepaid Expenses Deferred Tax Assets | 1.847 1.171 13.184 11.544 3.444 3.164 64.334 58.195 220.389 201.381 1.127 1.088 182 12.845 19 166 11.188 14 | |
TOTAL NON-CURRENT ASSETS | 317.371 | 287.911 |
TOTAL ASSETS | 399.183 | 353.708 |
1
Condensed Consolidated Interim Balance Sheet as at 31 March 2022
(All amounts are expressed in Million Turkish Lira (TL) unless otherwise stated.)
Not Reviewed | Audited | |
LIABILITIES | 31 March 2022 | 31 December 2021 |
Current Liabilities | ||
Short Term Borrowings | ||
-Third Parties | ||
-Bank Borrowings | 14.287 | 11.792 |
Short-Term Portion of Long-Term Borrowings | ||
-Related Parties | ||
-Bank Borrowings | 8.025 | 7.350 |
-Third Parties | ||
-Bank Borrowings | 15.684 | 11.914 |
-Lease Liabilities | 23.719 | 22.305 |
Other Financial Liabilities | 73 | 103 |
Trade Payables | ||
-Related Parties | 1.932 | 2.231 |
-Third Parties | 10.808 | 9.665 |
Payables Related to Employee Benefits | 1.991 | 1.407 |
Other Payables | ||
-Related Parties | 91 | 68 |
-Third Parties | 1.165 | 2.259 |
Derivative Financial Instruments | 1.094 | 378 |
Deferred Income | 28.177 | 16.877 |
Current Tax Provision | 121 | 211 |
Short-Term Provisions | ||
-Provisions for Employee Benefits | 494 | 234 |
-Other Provisions | 112 | 105 |
Other Current Liabilities | 4.223 | 3.544 |
TOTAL CURRENT LIABILITIES | 111.996 | 90.443 |
Non- Current Liabilities | ||
Long-Term Borrowings | ||
-Related Parties | ||
-Bank Borrowings | 15.029 | 15.152 |
-Third Parties | ||
-Bank Borrowings | 12.591 | 16.000 |
-Lease Liabilities | 121.447 | 114.495 |
Other Payables | ||
-Third Parties | 2.816 | 730 |
Deferred Income | 1.301 | 1.224 |
Long-Term Provisions | ||
-Provisions for Employee Benefits | 1.592 | 1.506 |
-Other Provisions | 648 | 619 |
Deferred Tax Liability | 26.550 | 22.889 |
TOTAL NON-CURRENT LIABILITIES | 181.974 | 172.615 |
Equity | ||
Share Capital | 1.380 | 1.380 |
Inflation Adjustment on Share Capital | 1.124 | 1.124 |
Items That Will Not Be Reclassified to | ||
Profit or Loss | ||
-Actuarial Losses on Retirement Pay Obligation | ( 1.080) | ( 950) |
Items That Are or May Be Reclassified to | ||
Profit or Loss | ||
-Foreign Currency Translation Differences | 76.531 | 67.785 |
-Fair Value Gains on Hedging Instruments | ||
Entered into for Cash Flow Hedges | 5.778 | 2.022 |
-Losses on Remeasuring FVOCI | ( 120) | ( 91) |
Restricted Profit Reserves | 238 | 238 |
Previous Years Profit | 19.132 | 10.918 |
Net Profit for the Period | 2.220 | 8.214 |
Equity of the Parent | 105.203 | 90.640 |
Non-Controlling Interests | 10 | 10 |
TOTAL EQUITY | 105.213 | 90.650 |
TOTAL LIABILITIES AND EQUITY | 399.183 | 353.708 |
Condensed Consolidated Interim Statement of Profit or Loss and Other Comprehensive Income For the Three-Month Period Ended 31 March 2022
(All amounts are expressed in Million Turkish Lira (TL) unless otherwise stated.)
Not Reviewed | Not Reviewed | |
1 January- | 1 January- | |
PROFIT OR LOSS | 31 March 2022 | 31 March 2021 |
Revenue | 42.614 | 13.252 |
Cost of Sales (-) | ( 35.426) | ( 11.977) |
GROSS PROFIT | 7.188 | 1.275 |
General Administrative Expenses (-) | ( 964) | ( 489) |
Marketing Expenses (-) | ( 4.185) | ( 1.306) |
Other Operating Income | 486 | 423 |
Other Operating Expenses (-) | ( 231) | ( 196) |
OPERATING PROFIT/(LOSS) BEFORE | ||
INVESTMENT ACTIVITIES | 2.294 | ( 293) |
Income from Investment Activities | 639 | 372 |
Expenses from Investment Activities | ( 334) | ( 33) |
Share of Investments' Profit/(Loss) Accounted | ||
by Using The Equity Method | ( 66) | ( 131) |
OPERATING PROFIT/(LOSS) | 2.533 | ( 85) |
Financial Income | 999 | 1.081 |
Financial Expenses (-) | ( 1.878) | ( 767) |
PROFIT/(LOSS) BEFORE TAX | 1.654 | 229 |
Tax (Expense)/Income | 566 | 209 |
Current Tax Expense | ( 118) | - |
Deferred Tax Income | 684 | 209 |
NET PROFIT FOR THE PERIOD | 2.220 | 438 |
OTHER COMPREHENSIVE INCOME | ||
Items That May Be Reclassified Subsequently To | ||
Profit or Loss | 12.473 | 7.910 |
Currency Translation Adjustment | 8.746 | 5.716 |
Losses on Remeasuring FVOCI | ( 35) | ( 48) |
Related Tax of Remeasuring FVOCI | 6 | 11 |
Fair Value Gains on Hedging Instruments | ||
Entered into for Cash Flow Hedges | 4.491 | 2.770 |
Fair Value Gains Hedging Instruments of | ||
Investment Accounted by Using the Equity Method | ||
Entered into for Cash Flow Hedges | 261 | 20 |
Related Tax of Other Comprehensive Expense | ( 996) | ( 559) |
Items That Will Not Be Reclassified Subsequently To | ||
Profit or Loss | ( 130) | ( 6) |
Actuarial Losses on Retirement Pay Obligation | ( 163) | ( 8) |
Related Tax of Other Comprehensive Income | 33 | 2 |
OTHER COMPREHENSIVE INCOME | ||
FOR THE PERIOD | 12.343 | 7.904 |
TOTAL COMPREHENSIVE INCOME | ||
FOR THE PERIOD | 14.563 | 8.342 |
Basic Profit Per Share (Kr) | 1,61 | 0,32 |
Diluted Profit Per Share (Kr) | 1,61 | 0,32 |
TÜRK HAVA YOLLARI ANONİM ORTAKLIĞI AND ITS SUBSIDIARIES
Condensed Consolidated Interim Statement of Changes in Equity
For the Three-Month Period Ended 31 March 2022
(All amounts are expressed in Million Turkish Lira (TL) unless otherwise stated.)
Subsequently To | ||||||||||||
Profit or Loss | ||||||||||||
Foreign | Instruments | Gains / | Equity | |||||||||
Inflation | Actuarial (Losses) | Currency | Entered Into For | (Losses) on | Restricted | Previous | Net Profit | Holders | Non- | |||
Share | Adjustment on | Retirement Pay | Translation | Cash Flow | Remeasuring | Profit | Years | for The | of the | controlling | Total | |
Capital | Share Capital | Obligation | Differences | Hedges | FVOCI | Reserves | Profit | Period | Parent | Interests | Equity | |
As of 1 January 2022 | 1.380 | 1.124 | (950) | 67.785 | 2.022 | (91) | 238 | 10.918 | 8.214 | 90.640 | 10 | 90.650 |
Transfers | - | - | - | - | - | - | - | 8.214 | (8.214) | - | - | - |
Total comprehensive income | - | - | (130) | 8.746 | 3.756 | (29) | - | - | 2.220 | 14.563 | - | 14.563 |
As of 31 March 2022 | 1.380 | 1.124 | (1.080) | 76.531 | 5.778 | (120) | 238 | 19.132 | 10 | 105.213 |
2.220 105.203
TÜRK HAVA YOLLARI ANONİM ORTAKLIĞI AND ITS SUBSIDIARIES
Condensed Consolidated Interim Statement of Changes in Equity
For the Three-Month Period Ended 31 March 2022
(All amounts are expressed in Million Turkish Lira (TL) unless otherwise stated.)
Subsequently To | ||||||||||||
Profit or Loss | ||||||||||||
Foreign | Instruments | Net | Equity | |||||||||
Inflation | Actuarial Losses | Currency | Entered Into For | Losses on | Restricted | Previous | Profit/(Loss) | Holders | Non- | |||
Share | Adjustment on | Retirement Pay | Translation | Cash Flow | Remeasuring | Profit | Years | for The | of the | controlling | Total | |
Capital | Share Capital | Obligation | Differences | Hedges | FVOCI | Reserves | Profit | Period | Parent | Interests | Equity | |
As of 1 January 2021 | 1.380 | 1.124 | (352) | 29.483 | (3.301) | 12 | 211 | 16.533 | (5.588) | 39.502 | 9 | 39.511 |
Transfers | - | - | - | - | - | - | - | 4.536 | (4.536) | - | - | - |
Total comprehensive income | - | - | (6) | 5.716 | 2.231 | (37) | 27 | (27) | 438 | 8.342 | - | 8.342 |
As of 31 March 2021 | 1.380 | 1.124 | (358) | 35.199 | (1.070) | (25) | 238 | 21.042 | (9.686) | 47.844 | 9 | 47.853 |
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Turkish Airlines AO published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 06:03:07 UTC.