MILLI REASURANS ANNUAL REPORT 2018

Millî Reasürans Türk Anonim Şirketi NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) 14 Cash and cash equivalents As of December 31, 2018 and 2017, the details of cash and cash equivalents are as follows: December 31, 2018 December 31, 2017 At the end of the period At the beginning of the period At the end of the period At the beginning of the period Cash on hand 19.945 5.842 5.842 17.446 Bank deposits 1.742.194.280 1.223.126.571 1.223.126.571 1.123.257.588 Cheques received - - - 1.950.000 Cash and cash equivalents in the balance sheet 1.742.214.225 1.223.132.413 1.223.132.413 1.125.225.034 Bank deposits - blocked (500) (500) (500) (500) Time deposits with maturities longer than 3 months (409.261.173) (51.610.145) (51.610.145) (104.733.974) Interest accruals on bank deposits (12.664.099) (8.230.211) (8.230.211) (6.427.800) Cash and cash equivalents presented in the statement of cash flows 1.320.288.453 1.163.291.557 1.163.291.557 1.014.062.760 As of December 31, 2018 and 2017, the details of bank deposits as follows: December 31, 2018 December 31, 2017 Foreign currency denominated bank deposits - time deposits 407.654.891 271.248.511 - demand deposits 13.929.931 8.378.793 Bank deposits in Turkish Lira - time deposits 1.320.229.185 943.431.315 - demand deposits 380.273 67.952 Bank deposits 1.742.194.280 1.223.126.571 15 Equity Paid in capital The shareholder having direct or indirect control over the shares of the Company is İş Bankası Group having 76,64% of outstanding shares. As of December 31, 2018 and, 2017, the shareholding structure of the Company is as follows: Name December 31, 2018 December 31, 2017 Pay tutarı (TL) Pay oranı (%) Pay tutarı (TL) Pay oranı (%) Türkiye İş Bankası A.Ş. 505.810.925 76,64 505.810.925 76,64 Millî Reasürans T.A.Ş. Mensupları Yardımlaşma Sandığı Vakfı 69.604.854 10,55 69.604.854 10,55 Groupama Emeklilik A.Ş. 38.809.894 5,88 38.809.894 5,88 Ankara Doğal Elektrik Üretim ve Ticaret A.Ş. 22.240.456 3,37 22.240.456 3,37 T.C. Ziraat Bankası A.Ş. 16.430.944 2,49 16.430.944 2,49 Other 7.102.927 1,07 7.102.927 1,07 Paid in capital 660.000.000 100,00 660.000.000 100,00 As of December 31, 2018, the issued share capital of the Company is TL 660.000.000 (December 31, 2017: TL 660.000.000) and the share capital of the Company consists of 66.000.000.000 (December 31, 2017: 66.000.000.000 shares) issued shares with TL 0,01 nominal value each. There are no privileges over the shares of the Company. Millî Reasürans Annual Report 2018 140 / Unconsolidated Financial Statements and Independent Auditors’ Report