Borusan

CONSOLIDATED BALANCE SHEET

AS AT 31 DECEMBER 2008

(Currency - US Dollars)




The accompanying policies and explanatory notes on pages 91 through 155 form an integral part of the consolidated financial statements.

CONSOLIDATED BALANCE SHEET

AS AT 31 DECEMBER 2008

(Currency - US Dollars)




The accompanying policies and explanatory notes on pages 91 through 155 form an integral part of the consolidated financial statements.