MILLI REASURANS ANNUAL REPORT 2018

Millî Reasürans Türk Anonim Şirketi NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) 45 Related party transactions For the purpose of the accompanying consolidated financial statements, shareholders, key management and members of board of directors together with their families and companies controlled by or affiliated with them, and associated companies are considered and referred to as related parties. The related party balances as of December 31, 2018 and 2017 are as follows: December 31, 2018 December 31, 2017 Türkiye İş Bankası AŞ 2.056.738.212 1.189.057.352 Other 1.883 617 Banks 2.056.740.095 1.189.057.969 Investment funds founded by İş Portföy Yönetimi A.Ş . (Note 11) 376.530.484 847.273.818 Bond issued by Türkiye Sınai Kalkınma Bankası A.Ş. (Note 11) 52.951.656 - Equity shares of the related parties (Note 11) 50.045.854 72.183.344 Bond issued by Türkiye İş Bankası (Note 11) 21.287.330 15.302.769 Investment funds founded by İşbank AG (Note 11) 13.234.978 17.439.313 Bond issued by İş Finansal Kiralama A.Ş. (Note 11) 8.759.700 Financial assets 522.810.002 952.199.244 Türkiye İş Bankası A.Ş 426.011.481 333.801.033 Şişecam Sigorta Aracılık Hizmetleri A.Ş. 3.539.765 4.773.567 Ziraat Sigorta A.Ş. 2.872.372 723.702 Anadolu Hayat Emeklilik A.Ş. 1.094.136 1.046.299 İstanbul Umum Sigorta A.Ş. 161.487 120.904 Allianz Sigorta AŞ - 207.266 Ziraat Hayat ve Emeklilik - 70.000 Ergo Sigorta A.Ş. - 18.246 Receivables from main operations 433.679.241 340.761.017 Axa Sigorta AŞ 10.596.518 385.547 Türkiye İş Bankası AŞ 8.419.250 3.962.974 Ergo Sigorta AŞ 693.757 1.793.100 Groupama Sigorta AŞ 609.487 94.095 Allianz Sigorta AŞ 582.788 28.741 Şişecam Sigorta Aracılık Hizmetleri AŞ 407.838 554.498 Anadolu Hayat Emeklilik A.Ş. 278.417 - Güven Sigorta TAŞ 209.260 194.916 AvivaSa Emeklilik A.Ş 46.800 İstanbul Umum Sigorta AŞ 22.993 35.023 Ziraat Hayat ve Emeklilik 18.039 - Payables from main operations 21.838.347 7.095.694 Due to personnel 214.924 220.377 Due to shareholders 105.548 81.850 Due to subsidiaries 38.024 36.133 Due to other related parties 11.892 24.460 Due to related parties 370.388 362.820 No guarantees have been taken against receivables from related parties. There are no doubtful receivables and payables from/to shareholders, subsidiaries and joint ventures. There are no guarantees, commitments, guarantee letters, advances and endorsements given in favor of shareholders, associates and subsidiaries. Millî Reasürans Annual Report 2018 244 / Consolidated Financial Statements and Independent Auditors’ Report