MILLI RE 2020 ANNUAL REPORT

Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2020 (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) 5 Segment Information A segment is a distinguishable component of the Company that is engaged either in providing products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subject to risks and rewards that are different from those of other segments. As of December 31, 2020, the Company operates in life and non-life branches and is not required to present segment reporting since its debt or equity instruments are not traded in a public market. 6 Tangible assets Movement in tangible assets in the period from January 1 to December 31, 2020 is presented below: January 1, 2020 Additions Foreign currency translation effect (*) Disposals Revaluation surplus December 31, 2020 Cost: Investment properties (Note 7) 415.891.000 - - - 42.930.000 458.821.000 Buildings for own use 179.340.000 823.740 - - - 180.163.740 Furniture and fixtures 7.535.039 2.097.289 333.799 (253.694) - 9.712.433 Land vehicles 2.325.551 974.897 202.973 (1.064.007) - 2.439.414 Operating leases 2.938.936 - 692.803 - - 3.631.739 608.030.526 3.895.926 1.229.575 (1.317.701) 42.930.000 654.768.326 Accumulated depreciation: Buildings for own use 699.341 562.219 - - - 1.261.560 Furniture and fixtures 5.360.612 916.514 324.416 (251.772) - 6.349.770 Land vehicles 1.269.990 483.180 164.772 (868.940) - 1.049.002 Operating leases 1.533.358 1.657.152 441.229 - - 3.631.739 8.863.301 3.619.065 930.417 (1.120.712) - 12.292.071 Carrying amounts 599.167.225 642.476.255 (*) Foreign currency translation effect resulted from Singapore Branch. Activities and Major Developments Related to Activities General Information Financial Rights Provided to the Members of the Governing Body and Senior Executives Research & Development Activities Milli Re Annual Report 2020 134