|
STATEMENT OF INCOME
|
|
(30.06.2000 - 30.06.2001)
|
| |
| STATEMENT OF INCOME (in Million TL) |
30.06.2000
|
30.06.2001
|
| |
| I- TECHNICAL INCOME |
127.357.554
|
158.547.447
|
| Premiums Received |
49.223.166
|
74.143.641
|
| Commissions Received |
5.705.939
|
9.112.326
|
| Reinsurers' Share in Losses
Paid |
27.896.575
|
18.210.952
|
| Technical Reserves Carried
Forward (Net) |
20.055.112
|
33.416.581
|
| Reserves
for Unearned Premium |
3.052.503
|
6.594.441
|
| Reserves
for Outstanding Losses |
3.197.709
|
10.670.697
|
|
Mathematical Reserves for Life Branch |
13.061.017
|
5.990.394
|
| Reserves
for Outstanding Losses for Life Branch |
743.883
|
580.898
|
| Reserves
for Profit Share in Life Branch |
0
|
9.580.151
|
| Other
Technical Reserves |
0
|
0
|
| Reinsurers' Share in
Technical Reserves Allocated |
20.372.699
|
21.169.104
|
|
Reinsurers' Share in Reserves for Unearned Premium |
7.127.696
|
10.839.563
|
|
Reinsurers' Share in Reserves for Outstanding Losses |
13.212.272
|
10.260.744
|
|
Reinsurers' Share in Mathematical Reserves for Life Branch |
0
|
0
|
|
Reinsurers' Share in in Reserves for Outstanding Losses for Life Br. |
32.731
|
68.797
|
|
Reinsurers' Share in Reserves for Profit Share for Life Branch |
0
|
0
|
|
Reinsurers' Share of Other Technical Reserves |
0
|
0
|
| Other Income |
4.104.063
|
2.494.843
|
| |
| II- TECHNICAL EXPENSES (-) |
-120.777.817
|
-150.042.593
|
| Premiums Paid to Reinsurers (-) |
-26.628.530
|
-44.042.593
|
| Commissions Paid (-) |
-5.874.652
|
-8.698.623
|
| Losses Paid (-) |
-40.145.695
|
-36.103.873
|
| Technical Reserves Allocated (-) |
-48.024.439
|
-60.983.355
|
| Reserves
for Unearned Premium
(-) |
-13.726.597
|
-19.626.626
|
| Reserves
for Outstanding Losses
(-) |
-18.388.622
|
-22.903.898
|
| Reserves
for Earthquake Losses (-) |
-959.097
|
-1.615.391
|
|
Mathematical Reserves for Life Branch
(-) |
-5.372.260
|
-6.643.355
|
| Reserves
for Outstanding Losses for Life Branch (-) |
-627.921
|
-558.526
|
| Reserves
for Profit Share for Life Branch
(-) |
-8.949.942
|
-9.635.559
|
| Other
Technical Reserves
(-) |
0
|
0
|
| Other Expenses (-) |
-104.501
|
-57.590
|
| |
| III- TECHNICAL PROFIT / LOSS |
6.579.737
|
8.504.854
|
| |
| IV- GENERAL EXPENSES (-) |
-3.537.109
|
-5.026.293
|
| Personnel Expenses (-) |
-2.099.393
|
-3.048.495
|
| General Administrative
Expenses (-) |
-1.159.875
|
-1.670.105
|
| Tax and Other Liabilities (-) |
-9.102
|
-6.287
|
| Depreciation Expenses (-) |
-268.739
|
-301.406
|
| Provisions (-) |
0
|
0
|
| Other Expenses (-) |
0
|
0
|
| |
| V- FINANCIAL INCOME |
23.219.722
|
47.368.186
|
| Interest Income |
10.928.067
|
30.219.291
|
| Profit Share Income |
11.903.382
|
12.555.865
|
| Sale Profits |
0
|
0
|
| Rental Income |
81.793
|
120.188
|
| Foreign Exchange Income |
287.558
|
4.101.360
|
| Compulsory EQ Insurance
Commissions Income |
18.922
|
317.200
|
| Other Income |
0
|
54.282
|
| |
| VI- FINANCIAL EXPENSES (-) |
-4.086.192
|
-12.238.199
|
| Interest Expenses (-) |
-256.556
|
-244.399
|
| Sale Losses (-) |
0
|
0
|
| Foreign Exchange Losses (-) |
-113.880
|
-4.625.083
|
| Provisions (-) |
-3.568.565
|
-7.156.695
|
| Compulsory EQ Insurance
Commissions Expenses (-) |
0
|
-185.260
|
| Other Expenses (-) |
-147.191
|
-26.762
|
| |
| VII- PERIOD PROFIT / LOSS BEFORE TAX |
22.176.158
|
38.608.548
|
| Tax and Legal Liabilities
Reserves (-) |
-3.589.580
|
-10.887.465
|
| |
| VIII- PERIOD PROFIT / LOSS (NET) |
18.586.578
|
27.721.083
|
