MILLI_RE_ANNUAL REPORT 2022

19 Trade and other payables and deferred income December 31, 2022 December 31, 2021 Financial Liabilities 126.259 3.234.894 Payables from reinsurance operations 157.282.931 127.233.309 Short/long term deferred income and expense accruals 26.927.997 14.791.526 Taxes and other liabilities and similar obligations 6.317.060 81.489.082 Due to related parties (Note 45) 419.272 156.141 Other payables 13.057.845 3.616.330 Total 204.131.364 230.521.282 Short-term liabilities 162.229.199 200.031.125 Medium and long-term liabilities 41.902.165 30.490.157 Total 204.131.364 230.521.282 As of December 31, 2022, and 2021, other payables largely consist of outsourced benefits and services. Short/long term deferred income and expense accruals include deferred commission income (Note 10) amounting to TL 9.482.897 (December 31, 2021: TL 4.098.066). As of December 31, 2022, the amounting of the expense accruals TL 17.174.294 (December 31, 2021: TL 10.493.032) are detailed in the table below. December 31, 2022 December 31, 2021 Dividend accrual 7.368.043 4.456.812 Other accruals 9.806.251 6.036.220 Total 17.174.294 10.493.032 Prepaid income and expense accruals are TL 270.806 (December 31, 2021: TL 200.428) consist of long-term and short term other deferred income. Corporate tax liabilities and prepaid taxes are disclosed below: December 31, 2022 December 31, 2021 Taxes paid during the year 13.673.790 51.468.799 Corporate tax liabilities - (128.897.591) Prepaid assets, net 13.673.790 (77.428.792) Total amount of investment incentives which will be benefited in current and forthcoming periods None. 20 Financial liabilities As of 31 December 2022 and 2021, discounted repayment plans for the Company’s operating leases are as follows: December 31, 2022 December 31, 2021 Within one year 30.126 3.234.894 1 yıldan uzun 96.133 - Total 126.259 3.234.894 160 MİLLİ RE 2022 ANNUAL REPORT Notes to the Unconsolidated Financial Statements As of December 31, 2022 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 GENERAL INFORMATION FINANCIAL RIGHTS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RESEARCH & DEVELOPMENT ACTIVITIES ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES