MILLIRE_2019_Annual Report

226 Milli Re Annual Report 2019 Millî Reasürans Türk Anonim Şirketi NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2019 (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) Management of the liquidity risk The Group considers the maturity match between asset and liabilities for the purpose of avoiding liquidity risk and ensure that it will always have sufficient liquidity to meet its liabilities when due . Maturity distribution of monetary assets and liabilities: December 31, 2019 Book value Up to 1 month 1 to 3 months 3 to 6 months 6 to 12 months Over 1 year Assets Cash and cash equivalents 6.391.200.569 2.821.351.594 2.677.471.665 660.407.885 231.969.425 - Financial assets and financial investments with risks on policyholders (*) 2.132.398.647 1.299.191.075 34.503.036 86.402.134 16.173.675 696.128.727 Receivables from main operations 2.184.560.010 233.721.305 657.317.793 514.783.011 582.703.841 196.034.060 Other receivables and current assets 79.911.537 68.104.402 4.309.675 2.251.662 4.918.866 326.932 Total monetary assets 10.788.070.763 4.422.368.376 3.373.602.169 1.263.844.692 835.765.807 892.489.719 Liabilities Financial liabilities 117.648.540 14.167.858 26.434.197 15.734.893 6.756.356 54.555.236 Payables arising from main operations 796.914.881 309.065.564 118.866.995 138.672.977 225.286.804 5.022.541 Due to related parties 368.661 368.661 - - - - Other liabilities 133.712.351 74.031.537 50.129.893 - 9.550.921 - Insurance technical reserves (**) 5.088.425.481 238.171.334 434.251.593 303.790.155 426.862.650 3.685.349.749 Provisions for taxes and other similar obligations 136.600.008 136.600.008 - - - - Provisions for other risks and expense accruals 206.075.877 39.939.221 23.601.047 - 78.276.864 64.258.745 Total monetary liabilities 6.479.745.799 812.344.183 653.283.725 458.198.025 746.733.595 3.809.186.271 (*) Equity shares amounting to TL 267.706.195 are not included. (**) Outstanding claims reserve is presented as short term liabilities in the accompanying consolidated financial statements whereas maturity distribution is presented according to projected payment dated in the above table.