MILLIRE ENG2024

7 Investment properties Additions and disposals for investment properties is given “6- Tangible Assets” note in table of current period movement of tangible assets. Grup’un yatırım amaçlı gayrimenkulleri, Sermaye Piyasası Kurulu tarafından yetkilendirilmiş bağımsız profesyonel değerleme uzmanları tarafından hazırlanan ekspertiz raporları çerçevesinde Grup’un yatırım amaçlı gayrimenkullerinin 31 Aralık 2024 tarihi itibarıyla gerçeğe uygun değeri 5.336.521.000 TL olarak tespit edilmiştir (31 Aralık 2023: 4.890.602.000 TL) Söz konusu gayrimenkuller, 2024 yılı içerisinde 2.024.319.000 TL değer kazanmıştır (2023: 1.671.336.000 TL). Yatırım amaçlı gayrimenkullerden ilgili hesap döneminde 137.563.915 TL kira geliri elde edilmiştir (31 Aralık 2023: 69.939.879 TL). Property based value of expertise report (excluding VAT) and fair values of investment properties are as follows. Expertise reports regarding these properties are prepared by independent professional valuation specialists authorized by CMB in December 2024. There is no mortgage on Group’s investment properties. As of December 31, 2024, and 2023, details of investment properties and the fair values are as follows: December 31, 2024 Net book value December 31, 2023 Net book value Date of expertise report Value of expertise report Teşvikiye 4.378.000.000 3.038.650.000 December 2024 4.378.000.000 Tunaman Katlı Garage (*) - 1.187.500.000 - - Villa Ofiice Block 325.000.000 282.000.000 December 2024 325.000.000 Çifteler Land 6.000 6.000 December 2024 6.000 Other buildings 633.515.000 382.446.000 December 2024 633.515.000 Net book value 5.336.521.000 4.890.602.000 5.336.521.000 (*) The Group has agreed with the buyer regarding the sale of its investment property located at Tunaman Parking, valued at 1,548,400,000 TL, as of December 31, 2024. This asset has been accounted for as an asset held for sale in accordance with TFRS 5, “Non-current Assets Held for Sale and Discontinued Operations,” and is classified under “Other Various Current Assets” in the balance sheet. The sale transaction for this asset was completed on January 17, 2025 (Notes 46 and 47). Fair value measurement The fair values of investment properties were determined by market comparison technique. 8 Intangible Assets Movement in intangible assets in the period from January 1 to December 31, 2024 is presented below: January 1, 2024 Additions Transfers Foreign currency translation effects (*) Disposals December 31, 2024 Cost: Other intangible assets 526.278.411 115.191.555 231.183 (48.064.224) 59.875.727 653.512.652 Advances given for intangible assets 264.168.937 91.244.939 - - - 355.413.876 Goodwill 16.250.000 - - - - 16.250.000 Research & Development 18.657.453 59.875.727 - - (59.875.727) 18.657.453 825.354.801 266.312.221 231.183 (48.064.224) - 1.043.833.981 Accumulated amortization: Rights 433.942.972 89.538.361 197.309 (48.064.224) - 475.614.418 433.942.972 89.538.361 197.309 (48.064.224) - 475.614.418 Net book value 391.411.829 568.219.563 (*) Foreign currency translation effect resulted from Singapore Branch. (**) TFRS 17 has been given with reference to licensing-consultation and computer software. 237 2024 Annual Report 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) GENERAL INFORMATION FINANCIAL RIGHTS PROVIDEDTOTHE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RISKS AND ASSESSMENT OF THE GOVERNING BODY ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES RESEARCH & DEVELOPMENT ACTIVITIES FINANCIAL STATUS FINANCIAL INFORMATION

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