MILLIRE_2019_Annual Report

Milli Re Annual Report 2019 93 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 (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) (Currency: Turkish Lira (TL)) The accompanying notes are an integral part of these unconsolidated financial statements. ASSETS II- Non-Current Assets Note Audited Current Period December 31, 2019 Audited Prior Period December 31, 2018 A- Receivables From Main Operations 165.250.624 44.281.819 1- Receivables From Insurance Operations - - 2- Provision for Receivables From Insurance Operations (-) - - 3- Receivables From Reinsurance Operations 4.2,12 68.753.775 44.281.819 4- Provision for Receivables From Reinsurance Operations (-) - - 5- Cash Deposited for Insurance & Reinsurance Companies 4.2,12 96.496.849 - 6- Loans to Policyholders - - 7- Provision for Loans to Policyholders (-) - - 8- Receivables From Pension Operations - - 9- Doubtful Receivables from Main Operations 4.2,12 28.638.564 25.352.034 10- Provision for Doubtful Receivables from Main Operations 4.2,12 (28.638.564) (25.352.034) B- 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- Discount on Receivables Due from Related Parties (-) - - 8- Doubtful Receivables Due from Related Parties - - 9- Provisions for Doubtful Receivables Due from Related Parties (-) - - C- Other Receivables - - 1- Leasing Receivables - - 2- Unearned Leasing Interest Income (-) - - 3- Deposits and Guarantees Given - - 4- Other Receivables - - 5- Discount on Other Receivables (-) - - 6- Other Doubtful Receivables - - 7- Provisions for Other Doubtful Receivables (-) - - D- Financial Assets 4.2,9 1.064.041.303 768.947.999 1- Investments In Associates - - 2- Affiliates 4.2,9  160.221.809 118.255.503 3- Capital Commitments to Affiliates (-) - - 4- Subsidiaries 4.2,9 903.819.494 650.692.496 5- Capital Commitments to Subsidiaries (-) - - 6- Joint Ventures - - 7- Capital Commitments to Joint Ventures (-) - - 8- Financial Assets and Investments with Risks on Policy Holders - - 9- Other Financial Assets - - 10- Diminution in Value of Financial Assets (-) - - E- Tangible Fixed Assets 6 599.167.225 573.877.977 1- Investment Properties 6,7 415.891.000 392.041.000 2- Diminution in Value for Investment Properties (-) - - 3- Building for own use 6 179.340.000 179.340.000 4- Machinery and Equipments - - 5- Furnitures and Fixtures 6 7.535.039 6.065.122 6- Vehicles 6 2.325.551 2.270.724 7- Other Tangible Assets (Including Leasehold Improvements) - - 8- Leased Tangible Fixed Assets 6  2.938.936 - 9- Accumulated Depreciation (-) 6 (8.863.301) (5.838.869) 10- Advances Paid for Tangible Fixed Assets (Including Construction In Progresses) - - F- Intangible Fixed Assets 8 40.303.287 32.355.257 1- Rights 8 10.494.461 8.428.284 2- Goodwill - - 3- Establishment Costs - - 4- Research and Development Expenses - - 6- Other Intangible Assets - - 7- Accumulated Amortizations (-) 8 (7.691.295) (6.176.494) 8- Advances Regarding Intangible Assets 8 37.500.121 30.103.467 G- Prepaid Expenses and Income Accruals 373.732 200.497 1- Deferred Commission Expenses - - 2- Accrued Interest and Rent Income - - 3- Other Prepaid Expenses 373.732 200.497 H- Other Non-current Assets - - 1- Effective Foreign Currency Accounts - - 2- Foreign Currency Accounts - - 3- Inventories - - 4- Prepaid Taxes and Funds - - 5- Deferred Tax Assets - - 6- Other Non-current Assets - - 7- Other Non-current Assets Amortization (-) - - 8- Provision for Other Non-current Assets (-) - - II- Total Non-current Assets 1.869.136.171 1.419.663.549 TOTAL ASSETS 4.531.965.239 3.738.241.986 UNCONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2019