MILLI REASURANS ANNUAL REPORT 2018

Millî Reasürans Türk Anonim Şirketi NOTES TO THE CONSOLIDATED 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) Maturity distribution of monetary assets and liabilities: December 31, 2018 Book value Up to 1 month 1 to 3 months 3 to 6 months 6 to 12 months Over 1 year Assets Cash and cash equivalents 5.815.792.507 2.502.337.674 2.041.525.765 986.955.328 284.973.740 - Financial assets and financial investments with risks on policyholders (*) 1.009.552.468 432.870.107 18.042.720 39.715.838 35.745.940 483.177.863 Receivables from main operations 1.833.933.318 246.008.892 531.636.401 514.426.226 534.026.856 7.834.943 Other receivables and current assets 160.483.444 148.505.577 3.641.414 2.062.089 4.646.931 1.627.433 Total monetary assets 8.819.761.737 3.329.722.250 2.594.846.300 1.543.159.481 859.393.467 492.640.239 Liabilities Financial liabilities 53.578.314 51.045.641 2.527.565 5.108 - - Payables arising from main operations 700.067.699 249.736.427 97.059.335 139.499.409 213.772.528 - Due to related parties 370.388 370.388 - - - - Other liabilities 97.294.815 48.408.998 39.430.825 - - 9.454.992 Insurance technical reserves (**) 4.220.468.278 229.614.168 451.260.591 267.699.186 339.868.250 2.932.026.083 Provisions for taxes and other similar obligations 57.436.673 57.436.673 - - - - Provisions for other risks and expense accruals 161.935.057 39.516.670 15.330.447 - 25.659.629 81.428.311 Total monetary liabilities 5.291.151.224 676.128.965 605.608.763 407.203.703 579.300.407 3.022.909.386 (*) Equity shares amounting to TL 178.042.246 are not included. (**) Outstanding claims reserve is presented as short term liabilities in the accompanying consolidated financial statements whereas maturity distribution is presented according to projected payment dated in the above table. Millî Reasürans Annual Report 2018 Consolidated Financial Statements and Independent Auditors’ Report / 209