|
STATEMENT OF INCOME
|
|
(30.06.2001 - 30.06.2002)
|
| |
| STATEMENT OF INCOME (in Million TL) |
30.06.2001
|
30.06.2002
|
| |
| I- TECHNICAL INCOME |
158.547.447
|
324.500.970
|
| Premiums Received |
74.143.641
|
139.432.182
|
| Commissions Received |
9.112.326
|
18.494.790
|
| Reinsurers' Share in Losses
Paid |
18.210.952
|
39.832.785
|
| Technical Reserves Carried
Forward (Net) |
33.416.581
|
45.876.875
|
| Reserves
for Unearned Premium |
6.594.441
|
8.772.551
|
| Reserves
for Outstanding Losses |
10.670.697
|
15.187.820
|
|
Mathematical Reserves for Life Branch |
5.990.394
|
7.770.048
|
| Reserves
for Outstanding Losses for Life Branch |
580.898
|
763.730
|
| Reserves
for Profit Share in Life Branch |
9.580.151
|
13.382.726
|
| Other
Technical Reserves |
0
|
0
|
| Reinsurers' Share in
Technical Reserves Allocated |
21.169.104
|
74.546.374
|
|
Reinsurers' Share in Reserves for Unearned Premium |
10.839.563
|
25.016.219
|
|
Reinsurers' Share in Reserves for Outstanding Losses |
10.260.744
|
49.478.115
|
|
Reinsurers' Share in Mathematical Reserves for Life Branch |
0
|
0
|
|
Reinsurers' Share in in Reserves for Outstanding Losses for Life Br. |
68.797
|
52.040
|
|
Reinsurers' Share in Reserves for Profit Share for Life Branch |
0
|
0
|
|
Reinsurers' Share of Other Technical Reserves |
0
|
0
|
| Other Income |
2.494.843
|
6.317.964
|
| |
| II- TECHNICAL EXPENSES (-) |
-150.042.593
|
-310.113.739
|
| Premiums Paid to Reinsurers (-) |
-44.199.152
|
-98.728.567
|
| Commissions Paid (-) |
-8.698.623
|
-14.321.440
|
| Losses Paid (-) |
-36.103.873
|
-67.331.863
|
| Technical Reserves Allocated (-) |
-60.983.355
|
-129.362.518
|
| Reserves
for Unearned Premium
(-) |
-19.626.626
|
-36.617.601
|
| Reserves
for Outstanding Losses
(-) |
-22.903.898
|
-64.910.277
|
| Reserves
for Earthquake Losses (-) |
-1.615.391
|
-2.010.528
|
|
Mathematical Reserves for Life Branch
(-) |
-6.643.355
|
-8.667.715
|
| Reserves
for Outstanding Losses for Life Branch (-) |
-558.526
|
-872.922
|
| Reserves
for Profit Share for Life Branch
(-) |
-9.635.559
|
-16.283.475
|
| Other
Technical Reserves
(-) |
0
|
0
|
| Other Expenses (-) |
-57.590
|
-369.351
|
| |
| III- TECHNICAL PROFIT / LOSS |
8.504.854
|
14.387.231
|
| |
| IV- GENERAL EXPENSES (-) |
-5.026.293
|
-7.854.321
|
| Personnel Expenses (-) |
-3.048.495
|
-4.594.365
|
| General Administrative
Expenses (-) |
-1.670.105
|
-2.880.804
|
| Tax and Other Liabilities (-) |
-6.287
|
-13.546
|
| Depreciation Expenses (-) |
-301.406
|
-365.606
|
| Provisions (-) |
0
|
0
|
| Other Expenses (-) |
0
|
0
|
| |
| V- FINANCIAL INCOME |
47.368.186
|
30.185.365
|
| Interest Income |
30.219.291
|
24.988.026
|
| Profit Share Income |
12.555.865
|
380.648
|
| Sale Profits |
0
|
0
|
| Rental Income |
120.188
|
175.009
|
| Foreign Exchange Income |
4.101.360
|
3.172.017
|
| Compulsory EQ Insurance
Commissions Income |
317.200
|
487.244
|
| Other Income |
54.282
|
442.421
|
| |
| VI- FINANCIAL EXPENSES (-) |
-12.238.199
|
-12.676.966
|
| Interest Expenses (-) |
-244.399
|
-103.775
|
| Sale Losses (-) |
0
|
0
|
| Foreign Exchange Losses (-) |
-4.625.083
|
-4.241.137
|
| Provisions (-) |
-7.156.695
|
-7.836.900
|
| Compulsory EQ Insurance
Commissions Expenses (-) |
-185.260
|
-283.575
|
| Other Expenses (-) |
-26.762
|
-211.579
|
| |
| VII- PERIOD PROFIT / LOSS BEFORE TAX |
38.608.548
|
24.041.309
|
| Tax and Legal Liabilities
Reserves (-) |
-10.887.465
|
-9.023.146
|
| |
| VIII- PERIOD PROFIT / LOSS (NET) |
27.721.083
|
15.018.163
|
