FINANCIAL STATEMENTS

The General Directorate of State Airports Administration's (DHMÝ) balance sheet and income statement for
financial year 2005 were drawn up in accordance with the regulations laid down in the Turkish Uniform Accounting System.

MARKETING
Our Administration provided services of air transport, operation of airfields, performance of airfield ground services, execution of air traffic control services and installation and operation of navigation systems and facilities, as required by Civil Aviation activities, and in compliance with economic and social requirements parallel to the principle of efficiency, in 2005.

The methods and principles to be used in the accrual and recording of incomes to be obtained in exchange for services provided by the Administration are specified in the Proceeds Directive, and all the commercial transactions have been carried out under that directive.

Our Administration's income consists of the service sales proceeds obtained in the exchange for air traffic control services, airfield ground services and terminal services as required by Civil Aviation activities as well as other proceeds and profits.

At the end of the period, a total gross income of YTL 976.790 billion was obtained, of which YTL 885.457 billion was income from service sales, YTL 76.736 billion was ordinary income and profit from other operations and 14.496 billion was extraordinary revenues and profits. When a reduction of YTL 70.957 billion is deducted from this income, it amounts to YTL 905.832 billion. When compared to the net income of 2004, an increase of 16.30% has been achieved.

Services sales proceeds have been detailed according to the “Services Sales Places” under the Uniform Accounting Plan. Every service sales place has been followed by three sub-headings (Air Navigation Services, Ground Services and Terminal Services) as “Services Sales Types” Foreing sales make up 51.51% of the total sales.

The services rendered in 2005 are gathered in three groups:

1. Air Navigation Services: Air Navigation, B-class messages, AIS publications, other unclassified navigation services.

2. Ground (Runway, Apron, Taxi-Route) Services: Landing, parking, approach and lighting services, Safety precautions against aircraft fire, follow-me services, Ground handling, Other runway, apron and taxi-route services.

3. Terminal Services: Passenger service, Allocation services (Office, check-in desks, land etc), Electricity-heating-cooling, Telephone, diaphone, telex and public address system, Build-Operate-Transfer (BOT), Load bridge, 400Hz electricity and water, Other terminal services.

STATEMENT OF INCOME

ASSET & LIABILITIES

CASH FLOW

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