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) 45 Related party transactions For the purpose of the accompanying unconsolidated financial statements, shareholders, key management and members of board of directors together with their families and companies controlled by or affiliated with them, and associated companies are considered and referred to as related parties. The related party balances as of December 31, 2018 and 2017 are as follows: December 31, 2018 December 31, 2017 Türkiye İş Bankası A.Ş. 1.188.043.184 806.036.955 Other 1.883 617 Banks 1.188.045.067 806.037.572 Equity shares of the related parties (Note 11) 50.045.854 72.183.344 Investment funds founded by İş Portföy Yönetimi A.Ş. ( Note 11) 101.970.131 372.183.863 Bonds issued by İş Finansal Kiralama A.Ş. (Note 11) 8.759.700 - Financial assets 160.775.685 444.367.207 Anadolu Sigorta 4.208.694 49.110 Ziraat Sigorta A.Ş. 2.872.372 723.702 Anadolu Hayat Emeklilik A.Ş 1.006.559 250.069 İstanbul Umum Sigorta A.Ş 161.487 120.904 Ziraat Hayat ve Emeklilik A.Ş. - 70.000 Allianz Sigorta A.Ş - 207.266 Ergo Sigorta A.Ş - 18.246 Receivables from main operations 8.249.112 1.439.297 Due to shareholders 97.467 81.850 Due to other related parties 11.892 24.460 Due to related parties 109.359 106.310 Axa Sigorta A.Ş 10.596.518 385.547 Ergo Sigorta A.Ş 693.757 1.793.100 Groupama Sigorta A.Ş 609.487 94.095 Allianz Sigorta A.Ş 582.788 28.741 Anadolu Hayat Emeklilik A.Ş 278.417 - Güven Sigorta T.A.Ş 209.260 194.916 İstanbul Umum Sigorta A.Ş 22.993 35.023 Ziraat Hayat ve Emeklilik 18.039 - Anadolu Sigorta 13.869 762.238 AvivaSa Emeklilik A.Ş - 46.800 Payables from main operations 13.025.128 3.340.460 No guarantees have been taken against receivables from related parties. There are no doubtful receivables and payables from shareholders, subsidiaries and joint ventures. No guarantees, commitments, guarantee letters, advances and endorsements given in favour of shareholders, associates and subsidiaries. Millî Reasürans Annual Report 2018 Unconsolidated Financial Statements and Independent Auditors’ Report / 153