STATEMENT
OF INCOME FOR THE YEAR ENDED
31 DECEMBER
(Amounts expressed in millions
of Turkish lira (TL) |
|
CURRENT
PERIOD
|
PRIOR
PERIOD
|
|
31.12.2002
|
31.12.2001
|
| |
| A.
GROSS SALES |
282.804.635
|
213.890.420
|
| 1. Domestic Sales |
138.496.686 |
97.194.833 |
| 2. Export Sales |
144.218.937 |
116.646.811 |
|
3. Other Sales |
89.012 |
48.776 |
| B.
SALES DEDUCTIONS(-) |
-12.637.794
|
-9.441.756
|
| 1. Sales Returns(-) |
-9.538 |
-6.744 |
| 2. Sales Discounts(-) |
-3.914.250 |
-3.107.381 |
| 3. Other Deductions(-) |
-8.714.006 |
-6.327.631 |
| C.
NET SALES |
270.166.841
|
204.448.664
|
| D.
COST OF SALES(-) |
-199.285.805
|
-141.672.139
|
|
GROSS
PROFIT
|
70.881.036
|
62.776.525
|
| E.
OPERATING EXPENSES(-) |
-39.729.009
|
-32.072.239
|
|
OPERATING
PROFIT
|
31.152.027
|
30.704.286
|
| F.
INCOME AND PROFIT FROM OTHER
OPERATIONS |
17.448.462
|
27.898.790
|
| 1. Dividend Income
From Affiliates |
210.826 |
408.581 |
| 2. Dividend Income
From Subsidiaries |
383.065 |
0 |
| 3. Interest and
Other Dividend Income |
12.421.038 |
21.796.631 |
| 4. Income and
Profit From Other Operations |
4.433.533 |
5.693.578 |
| G.
EXPENSES AND LOSSES FROM OTHER
OPERATIONS(-) |
-3.681.215
|
-1.600.573
|
| 1. Rediscount
Interest Expense |
-14.759 |
-24.484 |
| 2. Other expenses
and losses |
-3.666.456 |
-1.576.089 |
| H.
FINANCIAL EXPENSES(-) |
-16.735.680
|
-26.594.983
|
| 1. Short Term
Financial Expenses(-) |
-13.999.305 |
-13.815.063 |
| 2. Long Term
Financial Expenses(-) |
-2.736.375 |
-12.779.920 |
|
OPERATING
PROFIT
|
28.183.594
|
30.407.520
|
| I.
EXTRAORDINARY REVENUES AND PROFITS |
1.608.551
|
406.397
|
|
1. Provisions No Longer Required |
8.604 |
0 |
|
2. Previous Period Revenues
and Profits |
291.483 |
108.472 |
| 3.
Other Extraordinary Revenues
and Profits |
1.308.464 |
297.925 |
| J.
EXTRAORDINARY EXPENSES AND LOSSES(-) |
-10.581.432
|
-1.544.504
|
|
1. Idle Capacity Expenses and
Losses(-) |
-10.059.685 |
-1.311.098 |
|
2. Previous Period Expenses
and Losses (-) |
-6561 |
-225.660 |
| 3.
Other Extraordinary Expenses
and Losses(-) |
-515.186 |
-7.746 |
|
PROFIT
FOR THE PERIOD
|
19.210.713
|
29.269.413
|
| K.
PROVISIONS FOR TAXES PAYABLE
AND OTHER STATUARY OBLIGATIONS
(-) |
-6.646.589
|
-6.802.649
|
|
NET
PROFIT FOR THE YEAR
|
12.564.124
|
22.466.764
|
