|
STATEMENT OF INCOME
|
|
(30.09.2000 - 30.09.2001)
|
| |
| STATEMENT OF INCOME (in Million TL) |
30.09.2000
|
30.09.2001
|
| |
| I- TECHNICAL INCOME |
168.550.302
|
216.878.186
|
| Premiums Received |
72.973.954
|
106.549.854
|
| Commissions Received |
8.103.703
|
12.561.302
|
| Reinsurers' Share in Losses
Paid |
36.321.301
|
25.722.487
|
| Technical Reserves Carried
Forward (Net) |
21.926.894
|
37.100.211
|
| Reserves
for Unearned Premium |
4.924.284
|
10.278.072
|
| Reserves
for Outstanding Losses |
3.197.709
|
10.670.696
|
|
Mathematical Reserves for Life Branch |
13.061.018
|
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 |
24.284.646
|
29.706.174
|
|
Reinsurers' Share in Reserves for Unearned Premium |
10.340.749
|
15.128.187
|
|
Reinsurers' Share in Reserves for Outstanding Losses |
13.890.177
|
14.554.474
|
|
Reinsurers' Share in Mathematical Reserves for Life Branch |
0
|
0
|
|
Reinsurers' Share in in Reserves for Outstanding Losses for Life Br. |
53.720
|
23.513
|
|
Reinsurers' Share in Reserves for Profit Share for Life Branch |
0
|
0
|
|
Reinsurers' Share of Other Technical Reserves |
0
|
0
|
| Other Income |
4.939.804
|
5.238.158
|
| |
| II- TECHNICAL EXPENSES (-) |
-159.061.075
|
-204.499.517
|
| Premiums Paid to Reinsurers (-) |
-38.057.836
|
-60.388.161
|
| Commissions Paid (-) |
-9.030.477
|
-13.026.234
|
| Losses Paid (-) |
-54.155.998
|
-52.673.545
|
| Technical Reserves Allocated (-) |
-57.690.842
|
-78.321.469
|
| Reserves
for Unearned Premium
(-) |
-20.624.545
|
-28.501.186
|
| Reserves
for Outstanding Losses
(-) |
-20.891.704
|
-27.946.834
|
| Reserves
for Earthquake Losses (-) |
-1.076.337
|
-2.623.029
|
|
Mathematical Reserves for Life Branch
(-) |
-5.706.351
|
-7.244.714
|
| Reserves
for Outstanding Losses for Life Branch (-) |
-694.583
|
-620.014
|
| Reserves
for Profit Share for Life Branch
(-) |
-8.697.322
|
-11.385.692
|
| Other
Technical Reserves
(-) |
0
|
0
|
| Other Expenses (-) |
-125.922
|
-90.108
|
| |
| III- TECHNICAL PROFIT / LOSS |
9.489.227
|
12.378.669
|
| |
| IV- GENERAL EXPENSES (-) |
-5.421.221
|
-7.669.023
|
| Personnel Expenses (-) |
-3.300.041
|
-4.745.071
|
| General Administrative
Expenses (-) |
-1.695.393
|
-2.462.266
|
| Tax and Other Liabilities (-) |
-9.108
|
-6.289
|
| Depreciation Expenses (-) |
-416.679
|
-455.397
|
| Provisions (-) |
0
|
0
|
| Other Expenses (-) |
0
|
0
|
| |
| V- FINANCIAL INCOME |
34.616.660
|
67.753.766
|
| Interest Income |
15.759.321
|
42.681.003
|
| Profit Share Income |
17.855.072
|
18.833.798
|
| Sale Profits |
0
|
0
|
| Rental Income |
125.831
|
186.125
|
| Foreign Exchange Income |
827.107
|
5.624.220
|
| Compulsory EQ Insurance
Commissions Income |
0
|
371.251
|
| Other Income |
49.329
|
57.369
|
| |
| VI- FINANCIAL EXPENSES (-) |
-5.944.828
|
-16.849.873
|
| Interest Expenses (-) |
-475.177
|
-419.651
|
| Sale Losses (-) |
0
|
0
|
| Foreign Exchange Losses (-) |
-229.151
|
-5.637.513
|
| Provisions (-) |
-5.045.839
|
-10.526.991
|
| Compulsory EQ Insurance
Commissions Expenses (-) |
0
|
-216.017
|
| Other Expenses (-) |
-194.661
|
-49.701
|
| |
| VII- PERIOD PROFIT / LOSS BEFORE TAX |
32.739.838
|
55.613.539
|
| Tax and Legal Liabilities
Reserves (-) |
-5.238.846
|
-14.926.890
|
| |
| VIII- PERIOD PROFIT / LOSS (NET) |
27.500.992
|
40.686.649
|
