MILLIRE ENG2024

December 31, 2024 and 2023, the aging of the receivables from main operations and related provisions are as follows: December 31, 2024 December 31, 2023 Gross amount Provision Gross amount Provision Not past due 2.277.461.297 -- 3.987.418.075 - Past due 0-30 days 18.358.130 -- 4.251.560 - Past due 31-60 days 173.533.100 -- 3.415.191 - Past due 61-90 days 145.625.412 -- 827.664 - More than 90 days 429.933.870 (178.476.684) 245.909.951 (153.566.800) Total 3.044.911.809 (178.476.684) 4.241.822.441 (153.566.800) The movements of the allowances for impairment losses for receivables from main operations during the year are as follows: December 31, 2024 December 31, 2023 Provision for receivables from insurance operations at the beginning of the year 153.566.800 78.486.484 Provisions for doubtful receivables during the period ( Note 47) - 30.918.223 Foreign currency translation effect (Note 47) 24.909.884 44.162.093 Provision for receivables from insurance operations at the end of the year 178.476.684 153.566.800 The movements of the allowances for impairment losses for other receivables are as follows: December 31, 2024 December 31, 2023 Provision for other receivables at the beginning of the year 705.142 705.142 Impairment losses provided during the period - - Provision for other receivables at the end of the year 705.142 705.142 Liquidity risk Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset as a result of the imbalance between the Company’s cash inflows and outflows in terms of maturity and volume. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities . In respect of this risk, which is measured by quantitative methods, any liquidity deficit is observed via the maturity analysis of assets and liabilities in the statement of balance sheet. Furthermore, liquidity structure of the Company is monitored by using the following basic indicators in respect of liquidity ratios: - Liquidity ratio related to funding - Liquidity ratio related to the market - Current Ratio The results evaluated by the Risk Committee and reported regularly to the Board of Directors. Action plan is determined by the Board of Directors in the case of having exposure higher than acceptable level of risk and probability. Management of the liquidity risk The Company considers the maturity match between asset and liabilities for the purpose of avoiding liquidity risk and ensure that it will always have sufficient liquidity to meet its liabilities when due . 136 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) Notes to the Unconsolidated Financial Statements As of December 31, 2024 (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish) MİLLİ RE