MILLIRE_2019_Annual Report

234 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) 6 Tangible assets Movement in tangible assets in the period from January 1 to December 31, 2019 is presented below: January 1, 2019 Addition Foreign currency translation effect (*) Disposals Transfers Corrections Valuation differences December 31, 2019 Cost: Investment properties (Note 7) 455.721.000 157.865 - (85.000) - - 26.982.135 482.776.000 Buildings for own use 194.296.000 - - - - - 716.000 195.012.000 Machinery and equipment 80.830.314 12.438.871 - (1.435.729) - 7.775 - 91.841.231 Furniture and fixtures 20.572.714 2.369.750 160.219 (610.516) (53.100) (4.175) - 22.434.892 Land Vehiclesss 4.048.489 2.943.851 98.466 (171.633) - - 6.919.173 Other tangible assets (including leasehold improvements) 26.004.573 2.860.440 - (91.844) 53.100 - - 28.826.269 Leased tangible assets 3.858.074 - - - - - - 3.858.074 Operating Lease Buildings - 61.670.167 321.653 (491.825) - - - 61.499.995 785.331.164 82.440.944 580.338 (2.886.547) - 3.600 27.698.135 893.167.634 Accumulated depreciation: Buildings for own use 215.408 794.744 - - - (283.278) 726.874 Machinery and equipment 48.783.505 12.243.345 - (1.410.895) - - - 59.615.955 Furniture and fixtures 16.878.708 1.339.490 154.415 (608.779) - - - 17.763.834 Land Vehiclesss 874.192 1.284.429 63.597 (56.438) - - - 2.165.780 Other tangible assets (including leasehold improvements) 20.917.633 1.574.068 - (91.844) - - - 22.399.857 Leased tangible assets 3.858.074 - - - - - - 3.858.074 Operating Lease Buildings - 7.196.904 69.438 - - - - 7.266.342 91.527.520 24.432.980 287.450 (2.167.956) - - (283.278) 113.796.716 Net book value 693.803.644 779.370.918 (*) Foreign currency translation effect resulted from Singapore Branch.