MILLI RE 2023 ANNUAL REPORT

Millî Reasürans Türk Anonim Şirketi The accompanying notes are an integral part of these unconsolidated financial statements. (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish) ASSETS II- Non-Current Assets Note Audited Current Period December 31, 2023 Audited Prior Period December 31,2022 A- Receivables From Main Operations 395.937.136 211.913.101 1- Receivables From Insurance Operations - - 2- Provision for Receivables From Insurance Operations (-) - - 3- Receivables From Reinsurance Operations 4.2,12 381.273.026 108.746.186 4- Provision for Receivables From Reinsurance Operations (-) - - 5- Cash Deposited for Insurance & Reinsurance Companies 4.2,12 14.664.110 103.166.915 6- Loans to Policyholders - - 7- Provision for Loans to Policyholders (-) - - 8- Receivables From Pension Operations - - 9- Doubtful Receivables from Main Operations 4.2,12 153.566.800 78.486.484 10- Provision for Doubtful Receivables from Main Operations 4.2,12 (153.566.800) (78.486.484) 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 - - 1- Leasing Receivables - - 2- Unearned Leasing Interest Income (-) - - 3- Deposits and Guarantees Given - - 4- Other Receivables - - 5- Discount on Other Receivables (-) - - 6- Other Doubtful Receivables - - 7- Provisions for Other Doubtful Receivables (-) - - D- Financial Assets 4.2,9 10.692.447.851 2.765.317.808 1- Investments In Associates - - 2- Affiliates 4.2,9 803.602.412 431.889.372 3- Capital Commitments to Affiliates (-) - - 4- Subsidiaries 4.2,9 9.888.845.439 2.333.428.436 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 6 137.728.159 2.425.018.939 1- Investment Properties 6,7 30.000.000 1.650.131.000 2- Diminution in Value for Investment Properties (-) - - 3- Building for own use 6 - 744.475.000 4- Machinery and Equipments - - 5- Furnitures and Fixtures 6 43.187.951 29.953.528 6- Vehicles 6 4.786.494 3.360.121 7- Other Tangible Assets (Including Leasehold Improvements) 6 53.013.225 - 8- Leased Tangible Fixed Assets 6 40.132.165 9.441.382 9- Accumulated Depreciation (-) 6 (33.391.676) (23.786.977) 10- Advances Paid for Tangible Fixed Assets (Including Construction In Progresses) 6 - 11.444.885 F- Intangible Fixed Assets 8 45.358.449 24.866.451 1- Rights 8 61.830.210 56.102.890 2- Goodwill - - 3- Establishment Costs - - 4- Research and Development Expenses - - 6- Other Intangible Assets - - 7- Accumulated Amortizations (-) 8 (54.082.786) (47.345.521) 8- Advances Regarding Intangible Assets 8 37.611.025 16.109.082 G- Prepaid Expenses and Income Accruals 4.2 1.260.542 782.571 1- Deferred Commission Expenses - - 2- Accrued Interest and Rent Income - - 3- Other Prepaid Expenses 4.2 1.260.542 782.571 H- Other Non-current Assets 21 91.409.605 - 1- Effective Foreign Currency Accounts - - 2- Foreign Currency Accounts - - 3- Inventories - - 4- Prepaid Taxes and Funds - - 5- Deferred Tax Assets 21 91.409.605 - 6- Other Non-current Assets - - 7- Other Non-current Assets Amortization (-) - - 8- Provision for Other Non-current Assets (-) - - II- Total Non-current Assets 11.364.141.742 5.427.898.870 TOTAL ASSETS 22.668.143.370 12.400.448.277 Unconsolidated Balance Sheet As of December 31, 2023 95 2023 Annual Report GENERAL INFORMATION FINANCIAL RIGHTS PROVIDEDTOTHE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RISKS AND ASSESSMENT OF THE GOVERNING BODY ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES RESEARCH & DEVELOPMENT ACTIVITIES FINANCIAL STATUS FINANCIAL INFORMATION