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 unconsolidated financial statements. UNCONSOLIDATED 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 4.2,14 1.742.214.225 1.223.132.413 1- Cash 4.2,14 19.945 5.842 2- Cheques Received - - 3- Banks 4.2,14 1.742.194.280 1.223.126.571 4- Cheques Given and Payment Orders (-) - - 5- Receivables From Credit Cards with Bank Guarantee Due Less Than Three Months - - 6- Other Cash and Cash Equivalents - - B- Financial Assets and Investments with Risks on Policy Holders 11 159.988.747 451.080.848 1- Financial Assets Available for Sale 11 166.943.287 458.035.388 2- Financial Assets Held to Maturity - - 3- Financial Assets Held for Trading - - 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 12 300.658.813 176.061.654 1- Receivables From Insurance Operations - - 2- Provision for Receivables From Insurance Operations (-) - - 3- Receivables From Reinsurance Operations 12 173.721.335 113.058.283 4- Provision for Receivables From Reinsurance Operations (-) - - 5- Cash Deposited For Insurance & Reinsurance Companies 12 126.937.478 63.003.371 6- Loans to Policyholders - - 7- Provision for Loans to Policyholders (-) - - 8- Receivables from Pension Operation - - 9- Doubtful Receivables From Main Operations 4.2,12 - 7.385 10- Provisions for Doubtful Receivables From Main Operations (-) 4.2,12 - (7.385) 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 4.2,12 1.696.048 1.231.493 1- Leasing Receivables - - 2- Unearned Leasing Interest Income (-) - - 3- Deposits and Guarantees Given 4.2,12 356.092 288.736 4- Other Receivables 4.2,12 1.339.956 942.757 5- Discount on Other Receivables (-) - - 6- Other Doubtful Receivables 12 409.363 53.177 7- Provisions for Other Doubtful Receivables (-) 4.2,12 (409.363) (53.177) F- Prepaid Expenses and Income Accruals 157.050.701 125.842.706 1- Deferred Commission Expenses 17 147.058.200 114.233.617 2- Accrued Interest and Rent Income - - 3- Income Accruals 4.2 9.222.719 11.284.419 4- Other Prepaid Expenses 769.782 324.670 G- Other Current Assets 1.251.722 989.723 1- Inventories 110.589 51.215 2- Prepaid Taxes and Funds 12, 19 - - 3- Deferred Tax Assets - - 4- Job Advances 4.2,12 166.660 54.000 5- Advances Given to Personnel 4.2,12 - 466.665 6- Stock Count Differences - - 7- Other Current Assets 974.473 417.843 8- Provision for Other Current Assets (-) - - I- Total Current Assets 2.362.860.256 1.978.338.837 (*) 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 88 / Unconsolidated Financial Statements and Independent Auditors’ Report