MILLIRE ENG2024

The movements of the allowances for impairment losses for receivables from main operations during the period are as follows: 31 December 2024 31 December 2023 Provision for receivables from insurance operations at the beginning of the year 1.178.370.771 819.982.864 Collections during the period (Note 47) (1.013.564) (2.722.230) Impairment losses provided during the period (Note 47) 139.238.828 1.524.942 Impairment losses provided for subrogation - salvage receivables during the period (Note 47) 482.959.557 315.423.102 Valuation of doubtful receivables (Note 47) 24.909.884 44.162.093 Provision for receivables from insurance operations at the end of the year 1.824.465.476 1.178.370.771 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 Provision for impairment allocated 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 Group 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 Group’s cash inflows and outflows in terms of maturity and volume. The Group’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 Group 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 Audit 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 Group 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 . Likidite riskinden korunmak amacıyla varlık ve yükümlülükler arasında vade uyumunun sağlanması gözetilmekte, ortaya çıkabilecek likidite ihtiyacının eksiksiz bir biçimde sağlanabilmesi amacıyla likit değerler muhafaza edilmektedir . 228 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) Notes to the Consolidated Financial Statements As of December 31, 2024 (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish) MİLLİ RE