MILLI REASURANS ANNUAL REPORT 2018

Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) The accompanying notes are an integral part of these consolidated financial statements. CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2018 ASSETS I- Current Assets Note Audited Current Period December 31, 2018 Audited-Restated (*) Prior Period December 31, 2017 A- Cash and Cash Equivalents 14 5.815.792.507 4.727.809.372 1- Cash 14 70.338 68.699 2- Cheques Received - - 3- Banks 14 5.364.205.897 4.328.461.218 4- Cheques Given and Payment Orders (-) 14 (79.251) (87.620) 5- Receivables From Credit Cards with Bank Guarantee Due Less Than Three Months 14 451.595.523 399.367.075 6- Other Cash and Cash Equivalents - - B- Financial Assets and Investments with Risks on Policy Holders 11 1.187.594.714 1.554.601.188 1- Financial Assets Available for Sale 11 1.014.996.508 1.214.020.578 2- Financial Assets Held to Maturity - - 3- Financial Assets Held for Trading 11 179.552.746 347.535.150 4- Loans - - 5- Provision for Loans (-) - - 6- Investments with Risks on Policy Holders - - 7- Equity Shares - - 8- Impairment in Value of Financial Assets (-) 11 (6.954.540) (6.954.540) C- Receivables From Main Operations 12 1.833.933.318 1.355.731.258 1- Receivables From Insurance Operations 12 1.312.946.060 1.074.438.568 2- Provision for Receivables From Insurance Operations (-) 12 (16.172.744) (8.337.019) 3- Receivables From Reinsurance Operations 12 348.423.664 197.025.414 4- Provision for Receivables From Reinsurance Operations (-) - - 5- Cash Deposited For Insurance & Reinsurance Companies 12 188.736.338 92.604.295 6- Loans to Policyholders - - 7- Provision for Loans to Policyholders (-) - - 8- Receivables from Pension Operation - - 9- Doubtful Receivables From Main Operations 4.2,12 296.775.530 226.233.121 10- Provisions for Doubtful Receivables From Main Operations (-) 4.2,12 (296.775.530) (226.233.121) D- Due from Related Parties - - 1- Due from Shareholders - - 2- Due from Affiliates - - 3- Due from Subsidiaries - - 4- Due from Joint Ventures - - 5- Due from Personnel - - 6- Due from Other Related Parties - - 7- Rediscount on Receivables Due from Related Parties (-) - - 8- Doubtful Receivables Due from Related Parties - - 9- Provisions for Doubtful Receivables Due from Related Parties (-) - - E- Other Receivables 12 28.980.211 20.249.955 1- Leasing Receivables - - 2- Unearned Leasing Interest Income (-) - - 3- Deposits and Guarantees Given 12 361.930 303.934 4- Other Receivables 12 28.618.281 19.946.021 5- Discount on Other Receivables (-) - - 6- Other Doubtful Receivables 4.2,12 409.363 53.177 7- Provisions for Other Doubtful Receivables (-) 4.2,12 (409.363) (53.177) F- Prepaid Expenses and Income Accruals 589.985.575 453.776.252 1- Deferred Commission Expenses 17 500.778.299 422.238.492 2- Accrued Interest and Rent Income - - 3- Income Accruals 4.2,12 88.437.494 31.213.090 4- Other Prepaid Expenses 4.2,12 769.782 324.670 G- Other Current Assets 41.723.245 2.160.121 1- Inventories 1.255.218 727.971 2- Prepaid Taxes and Funds 12,19 38.869.531 - 3- Deferred Tax Assets - - 4- Job Advances 12 624.023 547.641 5- Advances Given to Personnel 12 - 466.665 6- Stock Count Differences - - 7- Other Current Assets 12 974.473 417.844 8- Provision for Other Current Assets (-) - - I- Total Current Assets 9.498.009.569 8.114.328.146 (*) Information related to restated financial statements has been disclosed in Note 2.1.6 “Accounting Policies, Changes and Mistakes in Accounting Estimates. Millî Reasürans Annual Report 2018 164 / Consolidated Financial Statements and Independent Auditors’ Report