MILLIRE_2019_Annual Report

Milli Re Annual Report 2019 186 Millî Reasürans Türk Anonim Şirketi 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) Audited Changes in Equity - December 31, 2018 Note Paid-in capital Equity Share Owned by Company Revaluation of financial assets Inflation Adjustment on Capital Currency translation reserves I - Balance at the end of the previous year December 31, 2016 15 660.000.000 - 52.911.805 - (28.441.170) II - Change in Accounting Standards - - - - - III - Restated balances (I+II) - January 1, 2018 660.000.000 - 52.911.805 (28.441.170) A- Capital increase (A1+A2) - - - - - 1- In cash - - - - - 2- From reserves - - - - - B - Effects of changes in group structure - - - - - C - Purchase of own shares - - - - - D - Gains or losses that are not included in the statement of income - - - - - E - Change in the value of financial assets 15 - - (91.304.747) - F - Currency translation adjustments - - - - (15.293.762) G - Other gains or losses - - - - - H - Inflation adjustment differences - - - - - I - Net profit for the year - - - - - J - Other reserves and transfers from retained earnings 38 - - - - - K - Dividends paid 38 - - - - - IV - Balance at the end of the year - December 31, 2018 15 660.000.000 - (38.392.942) - (43.734.932) Audited Changes in Equity - December 31, 2019 Note Paid-in capital Equity Share Owned by Company Revaluation of financial assets Inflation Adjustment on Capital Currency translation reserves I - Balance at the end of the previous year December 31, 2018 15 660.000.000 (38.392.942) (43.734.932) II - Change in Accounting Standards - - - III - Restated balances (I+II) - January 1, 2019 660.000.000 (38.392.942) (43.734.932) A- Capital increase (A1+A2) - - - 1- In cash - - - 2- From reserves - - - B - Effects of changes in group structure - - - C - Purchase of own shares - - - D - Gains or losses that are not included in the statement of income - - - E- Change in the value of financial assets 15 - 137.867.758 - F - Currency translation adjustments - - 9.542.481 G - Other gains or losses - - - H - Inflation adjustment differences - - - I - Net profit for the year - - - J - Other reserves and transfers from retained earnings 38 - - - K - Dividends paid 38 - - - IV- Balance at the end of the year - December 31, 2019 15 660.000.000 99.474.816 (34.192.451) CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED DECEMBER 31, 2019