MILLI_RE_ANNUAL REPORT 2022
14 Cash and cash equivalents As of December 31, 2022, and December 31, 2021, the details of the cash and cash equivalents are as follows: December 31, 2022 December 31, 2021 At the end of the period At the beginning of the period At the end of the period At the beginning of the period Cash on hand 197.410 103.408 103.408 76.079 Cheques received - - - 400.138 Bank deposits 9.156.392.304 4.012.403.163 4.012.403.163 4.097.477.416 Cheques given and payment orders (14.481) (19.566) (19.566) (8.020) Bank guaranteed credit card receivables with maturities less than three months 1.787.066.011 1.104.473.014 1.104.473.014 771.479.380 Cash and cash equivalents in the balance sheet 10.943.641.244 5.116.960.019 5.116.960.019 4.869.424.993 Bank deposits – blocked (*) (1.465.822.815) (272.352.942) (272.352.942) (836.221.606) Time deposits with maturities longer than 3 months (305.956.102) (180.310.274) (180.310.274) (145.142.438) Interest accruals on banks deposits (22.776.765) (26.751.424) (26.751.424) (16.704.794) Cash and cash equivalents presented in the statement of cash flows 9.149.085.562 4.637.545.379 4.637.545.379 3.871.356.155 (*) As of December 31, 2022, cash collateral amounting to TL 1.465.822.315 is kept in favour of Turkey Insurance and Private Pension Regulation and Supervision Agency. As of December 31, 2022, and 2021, bank deposits are further analysed as follows: December 31, 2022 December 31, 2021 End of term Foreign currency denominated bank deposits - time deposits 953.684.068 619.358.056 - demand deposits 201.870.792 135.592.241 Bank deposits in Turkish Lira - time deposits 7.885.983.925 3.249.029.084 - demand deposits 114.853.519 8.423.782 Bank deposits 9.156.392.304 4.012.403.163 15 Equity Paid in Capital The shareholder having direct or indirect control over the shares of the Company is İş Bankası Group having 87.60% of outstanding shares. As of December 31, 2022, and 2021, the shareholding structure of the Company is presented below: Name December 31, 2022 December 31, 2021 Shareholding amount(TL) Shareholding rate (%) Shareholding amount(TL) Shareholding rate (%) Türkiye İş Bankası A.Ş. 578.177.926 87,60 578.177.926 87,60 Groupama Hayat A.Ş. 38.809.894 5,88 38.809.894 5,88 Ankara Doğal Elektrik Üretim ve Ticaret A.Ş. 22.240.456 3,37 22.240.456 3,37 T.C. Ziraat Bankası A.Ş. 16.430.944 2,49 16.430.944 2,49 Other 4.340.780 0,66 4.340.780 0,66 Paid in capital 660.000.000 100,00 660.000.000 100,00 244 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
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