MILLIRE_2019_Annual Report

Milli Re Annual Report 2019 189 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 The accompanying notes are an integral part of these consolidated financial statements. (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) (Currency: Turkish Lira (TL)) CONSOLIDATED STATEMENT OF PROFIT DISTRIBUTION FOR THE YEAR ENDED DECEMBER 31, 2019 Note Audited Current Period December 31, 2019 (*) Audited Prior Period December 31, 2018 I. PROFIT DISTRIBUTION 1.1. CURRENT YEAR PROFIT (**) 350.548.490 309.275.069 1.2. TAX AND FUNDS PAYABLE 35 (37.227.141) (27.682.983) 1.2.1. Corporate Income Tax(Income Tax) 35 (37.227.141) (27.682.983) 1.2.2. Income tax deduction - - 1.2.3. Other taxes and Duties - - A. NET PROFIT(1.1 - 1.2) 313.321.349 281.592.086 1.3. PREVIOUS PERIOD LOSSES (-) 1.4. FIRST LEGAL RESERVE (15.666.067) (14.079.604) 1.5. STATUTORY FUND (-) - - B. NET PROFIT DISTRIBUTION [(A-(1.3 + 1.4 + 1.5)] 297.655.282 267.512.482 1.6. FIRST DIVIDEND TO SHAREHOLDERS (-) - (26.751.248) 1.6.1. Holders of shares - (26.751.248) 1.6.2. Holders of Preferred shares - - 1.6.3. Holders of Redeemed shares - - 1.6.4. Holders of Participation Bond - - 1.6.5. Holders of Profıt and Loss sharing certificate - - 1.7. DIVIDEND TO PERSONNEL (-) - (3.378.675) 1.8. DIVIDENDS TO BOARD OF DIRECTORS (-) - - 1.9. SECOND DIVIDEND TO SHAREHOLDERS (-) - (33.248.752) 1.9.1. Holders of shares - (33.248.752) 1.9.2. Holders of Preferred shares - - 1.9.3. Holders of Redeemed shares - - 1.9.4. Holders of Participation Bond - - 1.9.5. Holders of Profıt and Loss sharing certificate - - 1.10. SECOND LEGAL RESERVE (-) - (3.037.868) 1.11. STATUTORY RESERVES (-) - - 1.12. EXTRAORDINARY RESERVES - (201.095.939) 1.13. OTHER RESERVES - - 1.14. SPECIAL FUNDS - - II. DISTRIBUTION OF RESERVES - - 2.1. DISTRIBUTION OF RESERVES - - 2.2. SECOND LEGAL RESERVES (-) - - 2.3. COMMON SHARES (-) - - 2.3.1. Holders of shares - - 2.3.2. Holders of Preferred shares - - 2.3.3. Holders of Redeemed shares - - 2.3.4. Holders of Participation Bond - - 2.3.5. Holders of Profıt and Loss sharing certificate - - 2.4. DIVIDENDS TO PERSONNEL (-) - - 2.5. DIVIDENDS TO BOARD OF DIRECTORS (-) - - III. PROFIT PER SHARE - - 3.1. HOLDERS OF SHARES - 281.592.086 3.2. HOLDERS OF SHARES (%) - 42,6655 3.3. HOLDERS OF PREFERRED SHARES - - 3.4. HOLDERS OF PREFERRED SHARES (%) - - IV. DIVIDEND PER SHARE - - 4.1. HOLDERS OF SHARES - 60.000.000 4.2. HOLDERS OF SHARES (%) - 9,0909 4.3. HOLDERS OF PREFERRED SHARES - - 4.4. HOLDERS OF PREFERRED SHARES (%) - - (*) Since the profit distribution proposal for the year 2019 has not prepared by the Board of Directors, profit distribution table has not been filled yet. (**) The dividend to be paid to personnel amounting to TL 3.939.929, which is allocated in accordance with TAS 19, has also been added to the December 31, 2019 period profit. In the financial statements prepared in accordance with the equity method in accordance with TAS 27 - Consolidated and Individual Financial Statements standard, 3.129.194 TL Non-Distribution Period Profit, which comes from the accounting of Anadolu Hayat Emeklilik by equity method, has not been subject to Profit Distribution.