MILLI_RE_ANNUAL REPORT 2022

Net book value of the assets that is exposed to credit risk is shown in the table below. December 31, 2022 December 31, 2021 Cash and cash equivalents (Note 14) (*) 10.943.458.315 5.116.876.177 Receivables from main operations (Note 12) 7.643.848.201 4.294.808.607 Financial assets and financial investments with risks on policyholders (Note 11) (**) 12.385.912.362 8.836.894.794 Reinsurer share in outstanding claims reserves (Note 10), (Note 17) 4.562.215.886 2.957.988.891 Income accruals (Note 12) 56.748.581 169.041.598 Other prepaid expenses (***) 36.561.953 40.832.751 Other receivables (Note 12) 52.573.777 27.518.720 Prepaid taxes and funds (Note 12) 13.673.790 58.682.491 Other current asset (Note 12) 35.618.394 3.037.254 Total 35.730.611.259 21.505.681.282 (*) Cash on hands balance amounting to TL 197.410 are not included (December 31, 2021: TL 103.408). (**) Equity shares amounting to TL 1.514.404.180 are not included (December 31, 2021: TL 493.172.581). (***) TL 33.045.582 is the advance amount given by the Group. (December 31, 2021: TL 37.634.324). December 31, 2022 and 2021, the aging of the receivables from main operations and related provisions are as follows: December 31, 2022 December 31, 2021 Gross amount Provision Gross amount Provision Not past due 6.889.315.306 - 3.896.445.522 - Past due 0-30 days 635.324.513 (8.788.242) 290.746.378 (4.797.001) Past due 31-60 days 28.099.419 (8.080.500) 29.416.323 (1.848.701) Past due 61-90 days 28.045.199 (6.385.277) 15.716.450 (3.291.157) More than 90 days (*) 941.736.609 (855.418.826) 714.636.669 (642.215.876) Total 8.522.521.046 (878.672.845) 4.946.961.342 (652.152.735) (*) As per the February 3, 2005 dated and B.02.1.HM.O.SGM.0.3.1/01/05 numbered Circular issued by the Republic of Turkey Ministry of Treasury and Finance, in case where subrogation is subject to claim/legal action, related subrogation amount is recognized as doubtful receivables and allowance for doubtful receivables is provided by the same amount in the financial statements. Related amounts are presented in “More than 90 days” line in the above table. The movements of the allowances for impairment losses for receivables from main operations during the period are as follows: December 31, 2022 December 31, 2021 Provision for receivables from insurance operations at the beginning of the year 614.250.399 488.231.639 Collections during the period (Note 47) (972.045) (726.805) Impairment losses provided during the period (Note 47) 1.455.458 2.456.437 Impairment losses provided for subrogation – salvage receivables during the period (Note 47) 190.020.345 95.804.170 Valuation of doubtful receivables (Note 47) 15.228.707 28.484.958 Provision for receivables from insurance operations at the end of the year 819.982.864 614.250.399 The movements of the allowances for impairment losses for other receivables are as follows: December 31, 2022 December 31, 2021 Provision for other receivables at the beginning of the year 1.061.329 (832.788) Collections during the period (Note 47) - - Provision for impairment allocated during the period (Note 47) (356.187) (228.541) Provision for other receivables at the end of the year 705.142 (1.061.329) 224 MİLLİ RE 2022 ANNUAL REPORT Notes to the Consolidated 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