MILLIRE_2019_Annual Report

Milli Re Annual Report 2019 178 The accompanying notes are an integral part of these consolidated financial statements. (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) ASSETS I- Current Assets Note Audited Current Period December 31, 2019 Audited Prior Period December 31, 2018 A- Cash and Cash Equivalents 14 6.391.200.569 5.815.792.507 1- Cash 14 117.671 70.338 2- Cheques Received 14 240.000 - 3- Banks 14 5.803.536.011 5.364.205.897 4- Cheques Given and Payment Orders (-) 14 (35.083) (79.251) 5- Receivables From Credit Cards with Bank Guarantee Due Less Than Three Months 14 587.341.970 451.595.523 6- Other Cash and Cash Equivalents - - B- Financial Assets and Investments with Risks on Policy Holders 11 2.400.104.842 1.187.594.714 1- Financial Assets Available for Sale 11 2.247.608.666 1.014.996.508 2- Financial Assets Held to Maturity - - 3- Financial Assets Held for Trading 11 159.450.716 179.552.746 4- Loans - - 5- Provision for Loans (-) - - 6- Investments with Risks on Policy Holders - - 7- Equity Shares - - 8- Impairment in Value of Financial Assets (-) 11 (6.954.540) (6.954.540) C- Receivables From Main Operations 12 2.019.309.386 1.789.651.498 1- Receivables From Insurance Operations 12 1.487.843.012 1.312.946.060 2- Provision for Receivables From Insurance Operations (-) 12 (28.174.144) (16.172.744) 3- Receivables From Reinsurance Operations 12 362.508.470 304.141.844 4- Provision for Receivables From Reinsurance Operations (-) - - 5- Cash Deposited For Insurance & Reinsurance Companies 12 197.132.048 188.736.338 6- Loans to Policyholders - - 7- Provision for Loans to Policyholders (-) - - 8- Receivables from Pension Operation - - 9- Doubtful Receivables From Main Operations 4.2,12 360.768.832 296.775.530 10- Provisions for Doubtful Receivables From Main Operations (-) 4.2,12 (360.768.832) (296.775.530) D- Due from Related Parties - - 1- Due from Shareholders - - 2- Due from Affiliates - - 3- Due from Subsidiaries - - 4- Due from Joint Ventures - - 5- Due from Personnel - - 6- Due from Other Related Parties - - 7- Rediscount on Receivables Due from Related Parties (-) - - 8- Doubtful Receivables Due from Related Parties - - 9- Provisions for Doubtful Receivables Due from Related Parties (-) - - E- Other Receivables 12 32.157.258 28.980.211 1- Leasing Receivables - - 2- Unearned Leasing Interest Income (-) - - 3- Deposits and Guarantees Given 12 411.381 361.930 4- Other Receivables 12 31.746.817 28.618.281 5- Discount on Other Receivables (-) (940) - 6- Other Doubtful Receivables 4.2,12 754.788 409.363 7- Provisions for Other Doubtful Receivables (-) 4.2,12 (754.788) (409.363) F- Prepaid Expenses and Income Accruals 646.100.472 589.985.575 1- Deferred Commission Expenses 17 606.023.035 500.778.299 2- Accrued Interest and Rent Income - - 3- Income Accruals 4.2,12 39.168.327 88.437.494 4- Other Prepaid Expenses 4.2,12 909.110 769.782 G- Other Current Assets 8.106.719 41.723.245 1- Inventories 1.130.541 1.255.218 2- Prepaid Taxes and Funds 12,19 6.312.824 38.869.531 3- Deferred Tax Assets - - 4- Job Advances 12 10.000 624.023 5- Advances Given to Personnel 12 - - 6- Stock Count Differences - - 7- Other Current Assets 12 653.354 974.473 8- Provision for Other Current Assets (-) - - I- Total Current Assets 11.496.979.246 9.453.727.750 CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2019