MILLIRE_2019_Annual Report

241 Milli Re Annual Report 2019 Activities and Major Developments Related to Activities Financial Status Risks and Assessment of the Governing Body Unconsolidated Financial Statements Together with Independent Auditors’ Report Thereon Consolidated Financial Statements Together with Independent Auditors’ Report Thereon General Information Financial Rights Provided to the Members of the Governing Body and Senior Executives Research & Development Activities Millî Reasürans Türk Anonim Şirketi NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2019 (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) (Currency: Turkish Lira (TL)) All debt instruments presented above are traded in the capital markets, As of December 31, 2019, equity shares classified as available for sale financial assets with a carrying amount of TL 2.265.431 TL are not publicly traded (December 31, 2018: TL 2.265.431). There is no debt security issued during the period or issued before and paid during the period by the Group. Value increases in financial assets including equity shares classified as available for sale financial assets and subsidiaries for the last 3 years (including tax effects): Year Change in value increase Total increase in value 2019 137.867.758 99.474.816 2018 (91.304.747) (38.392.942) 2017 21.553.666 52.911.805 As of December 31, 2019 and 2018, there is no financial assets held to maturity. As of December 31, 2019 and 2018, the movement of the financial assets is presented below: 31 December 2019 Trading Available-for-Sale Total Balance at the beginning of the period 179.552.746 1.008.041.968 1.187.594.714 Acquisitions during the period 1.911.737.578 3.821.906.413 5.733.643.991 Disposals (sale and redemption) (1.972.103.440) (2.961.977.960) (4.934.081.400) Change in the fair value of financial assets 40.263.832 359.052.564 399.316.396 Change in amortized cost of the financial assets - 6.565.585 6.565.585 Bonus shares acquired - 7.065.556 7.065.556 Balance at the end of the period 159.450.716 2.240.654.126 2.400.104.842 31 December 2018 Trading Available-for-Sale Total Balance at the beginning of the period 347.535.150 1.207.066.038 1.554.601.188 Acquisitions during the period 909.540.934 2.208.904.891 3.118.445.825 Disposals (sale and redemption) (1.081.735.265) (2.464.034.135) (3.545.769.400) Change in the fair value of financial assets 4.211.927 47.168.242 51.380.169 Change in amortized cost of the financial assets - 1.300.960 1.300.960 Bonus shares acquired - 7.635.972 7.635.972 Balance at the end of the period 179.552.746 1.008.041.968 1.187.594.714