MILLIRE 2021 ANNUAL REPORT

The accompanying notes are an integral part of these consolidated financial statements. Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) ASSETS I- Current Assets Note Audited Current Period December 31, 2021 Audited Prior Period December 31, 2020 A- Cash and Cash Equivalents 14 5.116.960.019 4.869.424.993 1- Cash 14 103.408 76.079 2- Cheques Received 14 - 400.138 3- Banks 14 4.012.403.163 4.097.477.416 4- Cheques Given and Payment Orders (-) 14 (19.566) (8.020) 5- Receivables From Credit Cards with Bank Guarantee Due Less Than Three Months 14 1.104.473.014 771.479.380 6- Other Cash and Cash Equivalents - - B- Financial Assets and Investments with Risks on Policy Holders 11 9.330.067.375 5.793.877.787 1- Financial Assets Available for Sale 11 6.937.424.930 4.342.132.693 2- Financial Assets Held to Maturity 11 1.471.518.019 1.038.057.085 3- Financial Assets Held for Trading 11 928.078.966 420.642.549 4- Loans - - 5- Provision for Loans (-) - - 6- Investments with Risks on Policy Holders - - 7- Equity Shares - - 8- Impairment in Value of Financial Assets (-) 11 (6.954.540) (6.954.540) C- Receivables From Main Operations 12 4.169.032.520 2.573.475.445 1- Receivables From Insurance Operations 12 2.927.089.501 1.883.850.409 2- Provision for Receivables From Insurance Operations (-) 12 (37.902.336) (24.744.443) 3- Receivables From Reinsurance Operations 12 731.183.328 430.658.035 4- Provision for Receivables From Reinsurance Operations (-) - - 5- Cash Deposited For Insurance & Reinsurance Companies 12 548.662.027 283.711.444 6- Loans to Policyholders - - 7- Provision for Loans to Policyholders (-) - - 8- Receivables from Pension Operation - - 9- Doubtful Receivables From Main Operations 4.2,12 550.992.622 453.175.122 10-Provisions for Doubtful Receivables From Main Operations (-) 4.2,12 (550.992.622) (453.175.122) D- 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- Rediscount on Receivables Due from Related Parties (-) - - 8- Doubtful Receivables Due from Related Parties - - 9- Provisions for Doubtful Receivables Due from Related Parties (-) - - E- Other Receivables 12 27.194.165 22.943.064 1- Leasing Receivables - - 2- Unearned Leasing Interest Income (-) - - 3- Deposits and Guarantees Given 12 891.434 521.527 4- Other Receivables 12 26.302.731 22.421.537 5- Discount on Other Receivables (-) - - 6- Other Doubtful Receivables 4.2,12 1.061.329 832.788 7- Provisions for Other Doubtful Receivables (-) 4.2,12 (1.061.329) (832.788) F- Prepaid Expenses and Income Accruals 1.257.539.901 976.854.646 1- Deferred Commission Expenses 17 1.047.686.045 737.789.750 2- Accrued Interest and Rent Income - - 3- Income Accruals 4.2,12 169.041.598 209.572.327 4- Other Prepaid Expenses 4.2,12 40.812.258 29.492.569 G- Other Current Assets 65.107.579 46.576.398 1- Inventories 1.208.060 1.170.423 2- Prepaid Taxes and Funds 12,19 58.682.491 44.338.424 3- Deferred Tax Assets - - 4- Job Advances 12 3.037.254 211.124 5- Advances Given to Personnel 12 - - 6- Stock Count Differences - - 7- Other Current Assets 12 2.179.774 856.427 8- Provision for Other Current Assets (-) - - I- Total Current Assets 19.965.901.559 14.283.152.333 CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2021 170 MİLLÎ REASÜRANS ANNUAL REPORT 2021 ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES GENERAL INFORMATION FINANCIAL RIGHTS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RESEARCH & DEVELOPMENT ACTIVITIES