MILLI RE 2020 ANNUAL REPORT

Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2020 (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) 12 Loans and receivables December 31, 2020 December 31, 2019 Receivables from main operations (Note 4.2) 2.737.409.366 2.184.560.010 Prepaid taxes and funds (Note 19), (Note 4.2) 23.269.996 32.484.190 Income accruals ( Note 4.2) 209.572.327 39.168.327 Other receivables (Note 4.2) 44.338.424 6.312.824 Other current assets (Note 4.2) 211.124 10.000 Total 3.014.801.237 2.262.535.351 Short-term receivables 2.850.540.383 2.096.957.795 Medium and long-term receivables 164.260.853 165.577.556 Total 3.014.801.236 2.262.535.351 As at December 31, 2020 and 2019, receivables from main operations are detailed as follows: December 31, 2020 December 31, 2019 Receivables from insurance companies 147.013.858 192.271.606 Receivables from reinsurance companies (Note 10) 261.679.932 162.784.152 Receivables from agencies, brokers and intermediaries 72.411.442 76.206.486 Total receivables from reinsurance operations, net 481.105.232 431.262.245 Receivables from agencies, brokers and other intermediaries 1.379.824.798 1.167.036.824 Receivables from insurance and reinsurance companies 66.508.000 28.031.706 Long term receivable which is bank guarantee and three months credit card 323.669.240 198.701.172 Salvage and subrogation receivables (Note 2.21) 88.399.103 61.848.008 Receivables from policyholders 25.449.268 32.225.302 Total receivables from insurance operations, net 1.883.850.409 1.487.843.012 Cash deposited to insurance and reinsurance companies (Note 4.2) 397.198.168 293.628.897 Provisions for receivables from insurance operations - subrogation receivables (Note 2.21) (24.744.443) (28.174.144) Doubtful receivables from main operations - premium receivables 72.007.562 63.483.134 Provision for doubtful receivables from main operations - premium receivables (72.007.562) (63.483.134) Doubtful receivables from insurance operations - subrogation receivables 416.224.077 325.924.262 Provisions for doubtful receivables from insurance operations - subrogation receivables (416.224.077) (325.924.262) Receivables from main operations 2.737.409.366 2.184.560.010 As of December 31, 2020, and 2019, mortgages and collaterals obtained for receivables are disclosed as follows: December 31, 2020 December 31, 2019 Mortgage notes 96.436.638 113.964.477 Letters of guarantees 135.183.316 97.755.103 Other guarantees 85.078.544 79.931.851 Government bonds and treasury bills 2.873.656 2.878.656 Total 319.572.154 294.530.087 Activities and Major Developments Related to Activities General Information Financial Rights Provided to the Members of the Governing Body and Senior Executives Research & Development Activities Milli Re Annual Report 2020 226