MILLIRE_2019_Annual Report

Milli Re Annual Report 2019 146 Millî Reasürans Türk Anonim Şirketi NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2019 (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) As of December 31, 2019 and 2018, the Company’s available for sale financial assets are as follows: December 31, 2019 Nominal value Cost Fair value Net book value Debt instruments: Government bonds - EUR 4.000.000 26.072.226 28.789.772 28.789.772 Government bonds - USD 8.000.000 45.589.426 50.910.708 50.910.708 Private sector bonds - USD 12.420.000 69.114.084 74.327.048 74.327.048 Private sector bonds - TL 66.100.000 66.100.000 68.232.050 68.232.050 Impairment loss on private sector bonds (6.954.540) (6.954.540) 206.875.736 215.305.038 215.305.038 Non-fixed income financial assets: Equity shares 62.575.635 77.844.172 77.844.172 Investment funds 208.186.565 227.606.541 227.606.541 270.762.200 305.450.713 305.450.713 Total available-for-sale financial assets 477.637.936 520.755.751 520.755.751 December 31, 2018 Nominal value Cost Fair value Net book value Debt instruments: Private sector bonds - TL 15.100.000 14.528.500 14.859.700 14.859.700 Impairment loss on private sector bonds (6.954.540) (6.954.540) 15.100.000 14.528.500 7.905.160 7.905.160 Non-fixed income financial assets: Equity shares 62.575.635 50.113.456 50.113.456 Investment funds 99.162.237 101.970.131 101.970.131 161.737.872 152.083.587 152.083.587 Total available-for-sale financial assets 15.100.000 176.266.372 159.988.747 159.988.747 Debt instruments presented above are traded in the capital markets. As of December 31, 2019, equity shares classified as available for sale financial assets with a carrying amount of TL 728.281 are not publicly traded (December 31, 2018: TL 728.281). There is no debt security issued during the period or issued before and paid during the period by the Company. Value increases in financial assets including equity shares classified as available for sale financial assets and subsidiaries for the last 3 years (including tax effects): Year Change in value increase Total increase in value 2019 137.867.727 99.474.796 2018 (91.304.729) (38.392.931) 2017 (*) 21.553.668 52.911.798 (*) Restated due to retrospectively amendments.