MILLIRE_2019_Annual Report

Milli Re Annual Report 2019 102 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) The accompanying notes are an integral part of these unconsolidated financial statements. Note Audited Current Period 1 January- December 31, 2019 Audited Prior Period 1 January- December 31, 2018 A - Cash flows from operating activities 1- Cash provided from insurance activities - - 2- Cash provided from reinsurance activities 1.919.682.017 1.534.690.612 3- Cash provided from individual pension business - - 4- Cash used in insurance activities - - 5- Cash used in reinsurance activities (1.883.622.176) (1.521.680.097) 6- Cash used in individual pension business - - 7- Cash provided by operating activities 36.059.841 13.010.515 8- Interest paid - - 9- Income taxes paid (46.748.400) (33.082.800) 10- Other cash inflows 66.135.959 39.750.251 11- Other cash outflows (47.279.861) (68.167.721) 12- Net cash provided by operating activities 8.167.539 (48.489.755) B - Cash flows from investing activities - - 1- Proceeds from disposal of tangible assets 58.000 140.790 2- Acquisition of tangible assets 6, 8 (10.807.277) (13.813.514) 3- Acquisition of financial assets 11 (1.163.468.635) (1.085.165.474) 4- Proceeds from disposal of financial assets 11 888.744.285 1.373.823.061 5- Interests received 285.098.663 224.260.372 6- Dividends received 58.670.765 38.003.576 7- Other cash inflows 277.520.591 165.410.375 8- Other cash outflows (52.466.704) (447.186.124) 9- Net cash provided by investing activities 283.349.688 255.473.062 C- Cash flows from financing activities - - 1- Equity shares issued - - 2- Cash provided from loans and borrowings - - 3- Finance lease payments - - 4- Dividends paid 2.23 (59.981.259) (49.984.383) 5- Other cash inflows - - 6- Other cash outflows - - 7- Net cash used in financing activities (59.981.259) (49.984.383) D- Effect of exchange rate fluctuations on cash and cash equivalents 2.426 (2.028) E- Net increase in cash and cash equivalents 231.538.394 156.996.896 F- Cash and cash equivalents at the beginning of the year 14 1.320.288.453 1.163.291.557 G- Cash and cash equivalents at the end of the year 14 1.551.826.847 1.320.288.453 UNCONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2019