MILLIRE_2019_Annual Report

Milli Re Annual Report 2019 188 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) Note Audited Current Period January 1- December 31, 2019 Audited Prior Period January 1- December 31, 2018 A. CASH FLOWS FROM THE OPERATING ACTIVITIES 1. Cash inflows from the insurance operations 7.776.671.232 6.217.874.160 2. Cash inflows from the reinsurance operations 1.571.917.139 1.560.801.817 3. Cash inflows from the pension operations - - 4. Cash outflows due to the insurance operations (-) (7.338.793.029) (6.691.818.297) 5. Cash outflows due to the reinsurance operations (-) (1.448.974.575) (948.559.583) 6. Cash outflows due to the pension operations (-) - - 7. Cash generated from the operating activities (A1+A2+A3-A4-A5-A6) 560.820.767 138.298.097 8. Interest payments (-) - - 9. Income tax payments (-) (101.422.128) (158.987.951) 10. Other cash inflows 2.299.539.321 725.532.183 11. Other cash outflows (-) (2.194.565.685) (965.050.706) 12. Net cash generated from the operating activities 564.372.275 (260.208.377) B. CASH FLOWS FROM THE INVESTING ACTIVITIES - - 1. Sale of tangible assets 3.565.828 671.758 2. Purchase of tangible assets (-) 6, 8 (81.350.177) (69.401.522) 3. Acquisition of financial assets (-) 11 (5.733.643.991) (3.118.445.825) 4. Sale of financial assets 11 4.934.081.400 3.545.769.400 5. Interest received 720.989.451 681.114.162 6. Dividends received 2.799.628 9.536.171 7. Other cash inflows 988.214.384 1.292.565.031 8. Other cash outflows (-) (843.439.083) (2.117.367.345) 9. Net cash generated from the investing activities (8.782.560) 224.441.830 C. CASH FLOWS FROM THE FINANCING ACTIVITIES - - 1. Issue of equity shares - - 2. Cash inflows from the loans to policyholders - - 3. Payments of financial leases (-) - - 4. Dividend paid (-) (102.671.238) (75.598.370) 5. Other cash inflows - - 6. Other cash outflows (-) - (2.032.534) 7. Cash generated from the financing activities (102.671.238) (77.630.904) D. EFFECTS OF EXCHANGE RATE DIFFERENCES ON CASH AND CASH EQUIVALENTS 95.825.621 1.556.929 E. Net increase/(decrease) in cash and cash equivalents (A12+B9+C7+D) 548.744.098 (111.840.522) F. Cash and cash equivalents at the beginning of the period 14 3.172.687.291 3.284.527.813 G. Cash and cash equivalents at the end of the period (E+F) 14 3.721.431.389 3.172.687.291 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2019