MILLIRE_2019_Annual Report

Milli Re Annual Report 2019 147 Activities and Major Developments Related to Activities Financial Status Risks and Assessment of the Governing Body Unconsolidated Financial Statements Together with Independent Auditors’ Report Thereon Consolidated Financial Statements Together with Independent Auditors’ Report Thereon General Information Financial Rights Provided to the Members of the Governing Body and Senior Executives Research & Development Activities Millî Reasürans Türk Anonim Şirketi NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2019 (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) (Currency: Turkish Lira (TL)) Details of the financial assets issued by related parties of the Company’s are as follows: December 31, 2019 Nominal value Cost Fair value Net book value Available for sale financial assets - Equity shares 62.508.033 77.776.570 77.776.570 Available for sale financial assets - Investment funds 208.186.565 227.606.541 227.606.541 Available for sale financial assets - Private sector bonds 25.000.000 25.000.000 26.200.250 26.200.250 Available for sale financial assets - Private sector bonds FC 12.420.000 69.114.084 74.327.048 74.327.048 Total 364.808.682 405.910.409 405.910.409 December 31, 2018 Nominal value Cost Fair value Net book value Available for sale financial assets - Equity shares 62.508.033 50.045.854 50.045.854 Available for sale financial assets - Investment funds 99.162.237 101.970.131 101.970.131 Available for sale financial assets - Private sector bonds 9.000.000 8.428.500 8.759.700 8.759.700 Total 9.000.000 170.098.770 160.775.685 160.775.685 Movements of the financial assets during the period are presented below: December 31, 2019 Available-for-sale Total Balance at the beginning of the period 159.988.747 159.988.747 Unrealized exchange differences on financial assets 7.065.556 7.065.556 Acquisitions during the period 1.163.468.635 1.163.468.635 Disposals (sale and redemption) (888.744.285) (888.744.285) Change in the fair value of financial assets 72.411.513 72.411.513 Change in amortized cost of the financial assets 6.565.585 6.565.585 Balance at the end of the period 520.755.751 520.755.751 December 31, 2018 Available-for-sale Total Balance at the beginning of the period 451.080.848 451.080.848 Acquisitions during the period 1.085.165.474 1.085.165.474 Disposals (sale and redemption) (1.373.823.061) (1.373.823.061) Change in the fair value of financial assets (11.371.447) (11.371.447) Change in amortized cost of the financial assets 1.300.960 1.300.960 Bonus shares acquired 7.635.973 7.635.973 Balance at the end of the period 159.988.747 159.988.747