MILLI_RE_ANNUAL REPORT 2022

Net book value of the assets that is exposed to credit risk is shown in the table below. December 31, 2022 December 31, 2021 Cash and cash equivalents (Note 14) (*) 1.690.301.129 1.940.001.758 Financial assets and financial investments with risks on policyholders (Note 11) (**) 3.503.467.362 1.819.548.720 Receivables from main operations (Note 12) 1.023.493.863 640.389.582 Reinsurer share in outstanding claims reserve (Note 10), (Note 17) 129.947.122 106.787.271 Income accruals 43.874.686 20.728.018 Prepaid taxes and funds (Note 12) 13.673.790 - Other Prepaid Expenses (***) 36.536.047 40.831.453 Other receivables (Note 12) 12.828.915 1.908.875 Other current asset (Note 12) 5.207.469 3.037.253 Total 6.459.330.383 4.573.232.930 (*) Cash on hands balance amounting to TL 42.425 are not included (December 31, 2021: TL 21.528). (**) Equity shares amounting to TL 310.494.807 are not included (December 31, 2021: TL 104.466.071) (***) TL 33.045.582 is the advance amount given by the Company. (31 Aralık 2021: 37.634.324 TL). December 31, 2022 and 2021, the aging of the receivables from main operations and related provisions are as follows: December 31, 2022 December 31, 2021 Gross amount Provision Gross amount Provision Not past due 909.853.472 -- 553.699.871 - Past due 0-30 days 14.681.533 -- 6.577.397 - Past due 31-60 days -- -- 7.457.025 - Past due 61-90 days 12.641.076 -- 234.497 - More than 90 days 164.804.266 (78.486.484) 135.678.569 (63.257.777) Total 1.101.980.347 (78.486.484) 703.647.359 (63.257.777) The movements of the allowances for impairment losses for receivables from main operations during the year are as follows: December 31, 2022 December 31, 2021 Provision for receivables from insurance operations at the beginning of the year 63.257.777 35.056.517 Collections during the period (Note 47) - (283.698) Provisions for doubtful receivables during the period ( Note 47) - - Foreign currency translation effect (Note 47) 15.228.707 28.484.958 Provision for receivables from insurance operations at the end of the year 78.486.484 63.257.777 The movements of the allowances for impairment losses for other receivables are as follows: December 31, 2022 December 31, 2021 Provision for other receivables at the beginning of the year 1.061.329 832.788 Collections during the period - - Impairment losses provided during the period (Note 47) (356.187) 228.541 Provision for other receivables at the end of the year 705.142 1.061.329 137 MİLLİ RE 2022 ANNUAL REPORT Notes to the Unconsolidated Financial Statements As of December 31, 2022 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 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 FINANCIAL STATUS