MILLI_RE_ANNUAL REPORT 2022

Consolidated Balance Sheet As of December 31, 2022 ASSETS I- Current Assets Note Audited Current Period December 31, 2022 Audited Prior Period December 31, 2021 A- Cash and Cash Equivalents 14 10.943.641.244 5.116.960.019 1- Cash 14 197.410 103.408 2- Cheques Received 14 - - 3- Banks 14 9.156.392.304 4.012.403.163 4- Cheques Given and Payment Orders (-) 14 (14.481) (19.566) 5- Receivables From Credit Cards with Bank Guarantee Due Less Than Three Months 14 1.787.066.011 1.104.473.014 6- Other Cash and Cash Equivalents - - B- Financial Assets and Investments with Risks on Policy Holders 11 13.900.316.542 9.330.067.375 1- Financial Assets Available for Sale 11 10.162.243.014 6.937.424.930 2- Financial Assets Held to Maturity 11 379.792.253 1.471.518.019 3- Financial Assets Held for Trading 11 3.365.235.815 928.078.966 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 7.431.935.100 4.169.032.520 1- Receivables From Insurance Operations 12 5.267.808.104 2.927.089.501 2- Provision for Receivables From Insurance Operations (-) 12 (58.689.982) (37.902.336) 3- Receivables From Reinsurance Operations 12 1.320.821.871 731.183.328 4- Provision for Receivables From Reinsurance Operations (-) - - 5- Cash Deposited For Insurance & Reinsurance Companies 12 901.995.107 548.662.027 6- Loans to Policyholders - - 7- Provision for Loans to Policyholders (-) - - 8- Receivables from Pension Operation - - 9- Doubtful Receivables From Main Operations 4.2,12 741.496.380 550.992.622 10- Provisions for Doubtful Receivables From Main Operations (-) 4.2,12 (741.496.380) (550.992.622) 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 52.249.222 27.194.165 1- Leasing Receivables - - 2- Unearned Leasing Interest Income (-) - - 3- Deposits and Guarantees Given 12 11.816.382 891.434 4- Other Receivables 12 40.432.840 26.302.731 5- Discount on Other Receivables (-) - - 6- Other Doubtful Receivables 4.2,12 705.142 1.061.329 7- Provisions for Other Doubtful Receivables (-) 4.2,12 (705.142) (1.061.329) F- Prepaid Expenses and Income Accruals 2.303.797.788 1.257.539.901 1- Deferred Commission Expenses 17 2.211.269.825 1.047.686.045 2- Accrued Interest and Rent Income - - 3- Income Accruals 4.2,12 56.748.581 169.041.598 4- Other Prepaid Expenses 4.2,12 35.779.382 40.812.258 G- Other Current Assets 56.970.945 65.107.579 1- Inventories 2.883.492 1.208.060 2- Prepaid Taxes and Funds 12,19 13.673.790 58.682.491 3- Deferred Tax Assets - - 4- Job Advances 12 35.618.395 3.037.254 5- Advances Given to Personnel 12 - - 6- Stock Count Differences - - 7- Other Current Assets 12 4.795.268 2.179.774 8- Provision for Other Current Assets (-) - - I- Total Current Assets 34.688.910.841 19.965.901.559 Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1 180 MİLLİ RE 2022 ANNUAL REPORT Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) The accompanying notes are an integral part of these consolidated financial statements. 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