MILLIRE 2021 ANNUAL REPORT

The accompanying notes are an integral part of these consolidated financial statements. 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)) ASSETS II- Non-Current Assets Note Audited Current Period December 31, 2021 Audited Prior Period December 31, 2020 A- Receivables From Main Operations 125.776.087 163.933.921 1- Receivables From Insurance Operations - - 2- Provision for Receivables From Insurance Operations (-) - - 3- Receivables From Reinsurance Operations 4.2,12 42.780.881 50.447.197 4- Provision for Receivables From Reinsurance Operations (-) - - 5- Cash Deposited for Insurance & Reinsurance Companies 4.2,12 82.995.206 113.486.724 6- Loans to Policyholders - - 7- Provision for Loans to Policyholders (-) - - 8- Receivables From Pension Operations - - 9- Doubtful Receivables from Main Operations 4.2,12 63.257.777 35.056.517 10- Provision for Doubtful Receivables from Main Operations 4.2,12 (63.257.777) (35.056.517) 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 4.2,12 324.555 326.932 1- Leasing Receivables - - 2- Unearned Leasing Interest Income (-) - - 3- Deposits and Guarantees Given 4.2,12 324.555 326.932 4- Other Receivables - - 5- Discount on Other Receivables (-) - - 6- Other Doubtful Receivables - - 7- Provisions for Other Doubtful Receivables (-) - - D- Financial Assets 9 399.741.075 340.193.695 1- Investments In Associates - - 2- Affiliates 9 395.748.095 336.397.607 3- Capital Commitments to Affiliates (-) - - 4- Subsidiaries 9 3.992.980 3.796.088 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 1.007.694.127 823.453.113 1- Investment Properties 6,7 635.476.000 532.918.500 2- Diminution in Value for Investment Properties (-) - - 3- Buildings for Own Use 6 256.634.240 198.426.240 4- Machinery and Equipments 6 118.226.398 92.149.319 5- Furnitures and Fixtures 6 31.332.500 27.217.474 6- Vehicles 6 7.828.373 7.033.036 7- Other Tangible Assets (Including Leasehold Improvements) 6 33.256.305 30.451.919 8- Leased Tangible Fixed Assets 6 77.012.682 70.393.383 9- Accumulated Depreciation (-) 6 (157.996.401) (135.136.758) 10- Advances Paid for Tangible Fixed Assets (Including Construction In Progresses) 6 5.924.030 - F- Intangible Fixed Assets 8 201.991.396 157.224.202 1- Rights 8 425.145.359 325.342.220 2- Goodwill 8 16.250.000 16.250.000 3- Establishment Costs - - 4- Research and Development Expenses - - 6- Other Intangible Assets - - 7- Accumulated Amortizations (-) 8 (264.203.297) (193.489.327) 8- Advances Regarding Intangible Assets 8 24.799.334 9.121.309 G- Prepaid Expenses and Income Accruals 1.302.274 2.411.371 1- Deferred Commission Expenses 17 1.281.781 2.167.444 2- Accrued Interest and Rent Income - - 3- Other Prepaid Expenses 4.2 20.493 243.927 H- Other Non-current Assets 21 114.590.673 - 1- Effective Foreign Currency Accounts - - 2- Foreign Currency Accounts - - 3- Inventories - - 4- Prepaid Taxes and Funds - - 5- Deferred Tax Assets 21 114.590.673 - 6- Other Non-current Assets - - 7- Other Non-current Assets Amortization (-) - - 8- Provision for Other Non-current Assets (-) - - II- Total Non-current Assets 1.851.420.187 1.487.543.234 TOTAL ASSETS 21.817.321.746 15.770.695.567 CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2021 171 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