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) 8 Intangible Assets Movement in intangible assets in the period from January 1 to December 31, 2018 is presented below: January 1, 2018 Additions Transfers Foreign currency translation effects (*) Disposals December 31, 2018 Cost: Other intangible assets 126.607.897 6.247.046 16.374.117 921.275 - 150.150.335 Goodwill 16.250.000 - - - - 16.250.000 Advances given for intangible assets 45.049.361 29.999.340 (16.374.117) - - 58.674.584 187.907.258 36.246.386 921.275 - 225.074.919 Accumulated amortization: Other intangible assets 104.579.269 14.417.469 - 919.441 - 119.916.179 104.579.269 14.417.469 - 919.441 - 119.916.179 Net book value 83.327.989 105.158.740 (*) Foreign currency translation effect resulted from Singapore Branch. Movement in intangible assets in the period from January 1 to December 31, 2017 is presented below: January 1, 2017 Additions Transfers Foreign currency translation effects (*) Disposals December 31, 2017 Cost: Other intangible assets 116.516.653 3.959.109 6.012.500 156.034 (36.399) 126.607.897 Goodwill 16.250.000 - - - - 16.250.000 Advances given for intangible assets 24.115.696 26.946.165 (6.012.500) - - 45.049.361 156.882.349 30.905.274 - 156.034 (36.399) 187.907.258 Accumulated amortization: Other intangible assets 87.076.641 17.382.082 - 155.881 (35.335) 104.579.269 87.076.641 17.382.082 - 155.881 (35.335) 104.579.269 Net book value 69.805.708 83.327.989 (*) Foreign currency translation effect resulted from Singapore Branch. Millî Reasürans Annual Report 2018 Consolidated Financial Statements and Independent Auditors’ Report / 219