Financial statements have been restated to eliminate the effect on the financial statements of the changes in the purchasing power parity of the Turkish lira at the balance sheet date.
These inflation adjusted financial statements have been prepared based on historical statutory financial statements, except for the value increases on fixed assets due to revaluation before the statement.
The below conversion factors and wholesale price indices announced monthly on the same basis by the State Institute of Statistics have been used to restate the financial statements as at
31 March 2004:
