MILLIRE 2021 ANNUAL REPORT

NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2021 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)) 12 Loans and receivables December 31, 2021 December 31, 2020 Receivables from main operations (Note 4.2) 640.389.582 429.575.728 Prepaid taxes and funds (Note 4.2) - 11.092.252 Other receivables (Note 4.2) 1.908.875 1.604.433 Other current asset 3.037.253 106.950 Total 645.335.710 442.379.363 Short-term receivables 519.559.623 278.445.442 Medium and long-term receivables 125.776.087 163.933.921 Total 645.335.710 442.379.363 As of December 31, 2021, and 2020, receivables from main operations are detailed as follows: December 31, 2021 December 31, 2020 Receivables from insurance companies 181.896.960 120.993.013 Receivables from brokers and intermediaries 90.597.920 56.023.124 Receivables from reinsurance companies (Note 10) 86.696.642 48.027.209 Total receivables from insurance operations, net 359.191.522 225.043.346 Cash deposited to insurance and reinsurance companies 281.198.060 204.532.382 Doubtful receivables from main operations 63.257.777 35.056.517 Provision for doubtful receivables from main operations (63.257.777) (35.056.517) Receivables from main operations 640.389.582 429.575.728 As of December 31, 2021, and 2020, mortgages and collaterals obtained for receivables are disclosed as follows: December 31, 2021 December 31, 2020 Letters of guarantees 24.484.094 15.467.376 Other Guarantees 201.669 400.138 Total 24.685.763 15.867.514 Provisions for overdue receivables and receivables not due yet a) Receivables under legal or administrative follow up (due): TL 63.257.777 for main operations (December 31, 2020: TL 35.056.517) and TL 1.061.329 (December 31, 2020: TL 832.788) for other receivables. b) Provision for premium receivables (due): None (December 31, 2020: None). The Company’s receivables from and payables to shareholders, associates and subsidiaries are detailed in note 45 - Related party transactions . The details of the receivables and payables denominated in foreign currencies and foreign currency rates used for the translation are presented in Note 4.2- Financial risk management. 13 Derivative financial assets As of December 31, 2021, and 2020, the Company has no derivative financial instruments. 143 MİLLÎ REASÜRANS ANNUAL REPORT 2021 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