MILLI_RE_ANNUAL REPORT 2022

5 Segment Information A segment is a distinguishable component of the Company that is engaged either in providing products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subject to risks and rewards that are different from those of other segments. As of December 31, 2022, the Company operates in life and non-life branches and is not required to present segment reporting since its debt or equity instruments are not traded in a public market. 6 Tangible assets Movement in tangible assets in the period from January 1 to December 31, 2022 is presented below: January 1, 2022 Additions Foreign currency translation effect (*) Disposals Revaluation surplus December 31, 2022 Cost: Investment properties (Note 7) 549.896.000 1.100.235.000 1.650.131.000 Buildings for own use 234.955.000 - - - 509.520.000 744.475.000 Furniture and fixtures 12.573.415 16.947.889 1.294.499 (862.275) - 29.953.528 Land vehicles 3.234.751 - 713.100 (587.730) - 3.360.121 Operating leases 6.637.769 129.731 2.673.882 - - 9.441.382 Construction in progress (**) 5.924.030 5.520.855 11.444.885 813.220.965 22.598.475 4.681.481 (1.450.005) 1.609.755.000 2.448.805.916 Accumulated depreciation: Buildings for own use 244.194 895.378 - - (1.139.572) - Furniture and fixtures 8.796.467 3.074.321 1.225.520 (800.516) - 12.295.792 Land vehicles 1.815.252 634.584 306.616 (587.730) - 2.168.722 Operating leases 3.318.885 4.130.773 1.872.805 - - 9.322.463 14.174.798 8.735.056 3.404.941 (1.388.246) (1.139.572) 23.786.977 Carrying amounts 799.046.167 2.425.018.939 (*) Foreign currency translation effect resulted from Singapore Branch. (**) There are costs related to heating and cooling group renewal in the investment in progress account. 145 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