SODA SANAYII A.S. AND ITS SUBSIDIARIESCONSOLIDATED BALANCE SHEETS AS AT 31 DECEMBER 2003 AND 2002   31 December 2003 (TL Million) 31 December 2002 (TL Million) CURRENT ASSETS Cash and banks 3,633,669 4,202,571 Trade Receivables (net) 7,719,252 5,368,670 Due from related parties 49,728,210 58,372,654 Inventories 28,966,434 41,094,861 Other receivables and current assets 2,198,748 4,330,242 Total Current Assets 92,246,313 113,368,998 LONG TERM ASSETS   Long term trade receivables (net) 9,044 1,786 Held to maturity investments 1,451,546 1,972,995 Available for sale investments 88,641,312 87,849,308 Property, plant and equipment (net) 246,068,022 250,518,506 Intangible assets (net) 93,671 64,073 Other long term assets 136,066 141,244 Total Long Term Assets 336,399,661 340,547,912 TOTAL ASSETS 428,645,974 453,916,910 CURRENT LIABILITIES   Short-term borrowings 24,245,098 25,022,377 Trade payables (net) 4,404,119 11,818,628 Due to related parties 31,200,917 26,920,372 Advances received 318,099 496,323 Other payables and current liabilities 3.011,565 3,560,556 Total Current Liabilities 63,179,798 67,818,256 LONG TERM LIABILITIES   Long-term borrowings 3,839,158 5,878,438 Retirement pay provision 14,764,995 16,794,773 Deferred tax liabilities 39,254,827 53,180,782 Total Long Term Liabilities 57,858,980 75,853,993 COMMITMENTS AND CONTINGENCIES   SHAREHOLDERS' EQUITY   Capital 294,801,474 294,801,474 Legal reserves 43,208,891 42,136,287 Translation difference of foreign subsidiaries (51,794) 23,641 Fair value reserve (2,884,165) (3,123,523) Accumulated deficit (30,905,243) (39,349,929) Net profit 3,438,033 15,756,711 Total Shareholders' Equity 307,607,196 310,244,661 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 428,645,974 453,916,910