MILLI_RE_ANNUAL REPORT 2022

19 Trade and other payables and deferred income December 31, 2022 December 31, 2021 Financial payables 99.915.061 389.506.210 Payables from main operations 2.596.858.889 1.761.423.525 Other payables 381.363.305 196.778.372 Short/long term deferred income and expense accruals 616.183.112 333.738.596 Taxes and other liabilities and similar obligations 394.550.536 212.288.501 Due to related parties (Note 45) 1.262.116 583.728 Total 4.090.133.019 2.894.318.932 Short-term liabilities 3.978.066.089 2.808.385.630 Long-term liabilities 112.066.930 85.933.302 Total 4.090.133.019 2.894.318.932 As of December 31, 2022, other payables amounting to TL 381.363.305 (December 31, 2021: TL 196.778.372) consist of treatment cost payables to SSI amounting to TL 146.358.652 (December 31, 2021: TL 68.451.361) payables to Tarsim and DASK and outsourced benefits and services amounting to TL 210.053.807 (December 31, 2021: TL 111.984.975) and deposits and guarantees received amounting to TL 24.950.846 (December 31, 2021: 16.342.036). Payables arising from main operations of the Group As of December 31, 2022 and 2021 are as follows: December 31, 2022 December 31, 2021 Payables to reinsurance companies (Note 10) 1.697.747.508 1.243.712.653 Payables to agencies, brokers and intermediaries 270.213.069 130.981.175 Cash deposited by insurance and reinsurance companies 15.316.979 8.385.787 Total payables arising from reinsurance and insurance operations 1.983.277.556 1.383.079.615 Payables arising from other operating activities 613.581.333 378.343.910 Payables arising from main operations 2.596.858.889 1.761.423.525 Corporate tax liabilities and prepaid taxes are disclosed below: December 31, 2022 December 31, 2021 Taxes paid during the period 187.686.308 287.355.697 Corporate tax liabilities (276.782.469) (306.101.998) Corporate tax assets, net (89.096.161) (18.746.301) Total amount of investment incentives which will be benefited in current and forthcoming periods None. 20 Financial liabilities 31 December 2022 31 December 2021 Expense accruals arising from derivative contracts (Note 13) (*) 18.749.281 326.794.945 Payables from operating leases (Note 34) (**) 81.165.780 62.711.265 Short-term 10.904.883 7.268.119 Medium and long-term 70.260.897 55.443.146 Total 99.915.061 389.506.210 (*) The Company has TL 18.749.281 expense accruals arising from derivative contracts As of December 31, 2022. (December 31, 2021: TL 326.794.945). (**) As of December 31, 2022, the Group’s operating leases are explained in the Note 34 - Financial Costs. 254 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