MILLI_RE_ANNUAL REPORT 2022

Consolidated Balance Sheet As of December 31, 2022 ASSETS II- Non-Current Assets Note Audited Current Period December 31, 2022 Audited Prior Period December 31, 2021 A- Receivables From Main Operations 211.913.101 125.776.087 1- Receivables From Insurance Operations - - 2- Provision for Receivables From Insurance Operations (-) - - 3- Receivables From Reinsurance Operations 4.2,12 108.746.186 42.780.881 4- Provision for Receivables From Reinsurance Operations (-) - - 5- Cash Deposited for Insurance & Reinsurance Companies 4.2,12 103.166.915 82.995.206 6- Loans to Policyholders - - 7- Provision for Loans to Policyholders (-) - - 8- Receivables From Pension Operations - - 9- Doubtful Receivables from Main Operations 4.2,12 78.486.484 63.257.777 10-Provision for Doubtful Receivables from Main Operations 4.2,12 (78.486.484) (63.257.777) B- 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- Discount on Receivables Due from Related Parties (-) - - 8- Doubtful Receivables Due from Related Parties - - 9- Provisions for Doubtful Receivables Due from Related Parties (-) - - C- Other Receivables 4.2,12 324.555 324.555 1- Leasing Receivables - - 2- Unearned Leasing Interest Income (-) - - 3- Deposits and Guarantees Given 4.2,12 324.555 324.555 4- Other Receivables - - 5- Discount on Other Receivables (-) - - 6- Other Doubtful Receivables - - 7- Provisions for Other Doubtful Receivables (-) - - D- Financial Assets 9 732.426.627 399.741.075 1- Investments In Associates - - 2- Affiliates 9 727.903.437 395.748.095 3- Capital Commitments to Affiliates (-) - - 4- Subsidiaries 9 4.523.190 3.992.980 5- Capital Commitments to Subsidiaries (-) - - 6- Joint Ventures - - 7- Capital Commitments to Joint Ventures (-) - - 8- Financial Assets and Investments with Risks on Policy Holders - - 9- Other Financial Assets - - 10- Diminution in Value of Financial Assets (-) - - E- Tangible Fixed Assets 6 2.857.193.478 1.007.694.127 1- Investment Properties 6,7 1.894.516.000 635.476.000 2- Diminution in Value for Investment Properties (-) - - 3- Buildings for Own Use 6 802.940.000 256.634.240 4- Machinery and Equipments 6 138.654.988 118.226.398 5- Furnitures and Fixtures 6 49.504.580 31.332.500 6- Vehicles 6 12.062.655 7.828.373 7- Other Tangible Assets (Including Leasehold Improvements) 6 36.384.889 33.256.305 8- Leased Tangible Fixed Assets 6 108.430.175 77.012.682 9- Accumulated Depreciation (-) 6 (196.744.694) (157.996.401) 10- Advances Paid for Tangible Fixed Assets (Including Construction In Progresses) 6 11.444.885 5.924.030 F- Intangible Fixed Assets 8 304.557.951 201.991.396 1- Rights 8 471.857.967 425.145.359 2- Goodwill 8 16.250.000 16.250.000 3- Establishment Costs - - 4- Research and Development Expenses 896.749 - 6- Other Intangible Assets - - 7- Accumulated Amortizations (-) 8 (355.227.517) (264.203.297) 8- Advances Regarding Intangible Assets 8 170.780.752 24.799.334 G- Prepaid Expenses and Income Accruals 23.157.901 1.302.274 1- Deferred Commission Expenses 17 22.375.330 1.281.781 2- Accrued Interest and Rent Income - - 3- Other Prepaid Expenses 4.2 782.571 20.493 H- Other Non-current Assets 21 183.130.486 114.590.673 1- Effective Foreign Currency Accounts - - 2- Foreign Currency Accounts - - 3- Inventories - - 4- Prepaid Taxes and Funds - - 5- Deferred Tax Assets 21 183.130.486 114.590.673 6- Other Non-current Assets - - 7- Other Non-current Assets Amortization (-) - - 8- Provision for Other Non-current Assets (-) - - II- Total Non-current Assets 4.312.704.099 1.851.420.187 TOTAL ASSETS 39.001.614.940 21.817.321.746 Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1 181 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. RISKS AND ASSESSMENT OF THE GOVERNING BODY UNCONSOLIDATED FINANCIAL STATEMENTS TOGETHER WITH INDEPENDENT AUDITORS’ REPORT THEREON CONSOLIDATED FINANCIAL STATEMENTS TOGETHER WITH INDEPENDENT AUDITORS’ REPORT THEREON FINANCIAL STATUS