|
STATEMENT OF INCOME
|
|
(30.09.2001 - 30.09.2002)
|
| |
| STATEMENT OF INCOME (in Million TL) |
30.09.2001
|
30.09.2002
|
| |
| I- TECHNICAL INCOME |
216.878.186
|
441.224.549
|
| Premiums Received |
106.549.854
|
195.997.243
|
| Commissions Received |
12.561.302
|
26.376.665
|
| Reinsurers' Share in Losses
Paid |
25.722.487
|
57.896.770
|
| Technical Reserves Carried
Forward (Net) |
37.100.211
|
50.466.072
|
| Reserves
for Unearned Premium |
10.278.072
|
13.361.748
|
| Reserves
for Outstanding Losses |
10.670.696
|
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 |
29.706.174
|
101.260.197
|
|
Reinsurers' Share in Reserves for Unearned Premium |
15.128.187
|
34.007.338
|
|
Reinsurers' Share in Reserves for Outstanding Losses |
14.554.474
|
68.189.174
|
|
Reinsurers' Share in Mathematical Reserves for Life Branch |
0
|
0
|
|
Reinsurers' Share in in Reserves for Outstanding Losses for Life Br. |
23.513
|
63.685
|
|
Reinsurers' Share in Reserves for Profit Share for Life Branch |
0
|
0
|
|
Reinsurers' Share of Other Technical Reserves |
0
|
0
|
| Other Income |
5.238.158
|
9.227.602
|
| |
| II- TECHNICAL EXPENSES (-) |
-204.499.517
|
-420.324.940
|
| Premiums Paid to Reinsurers (-) |
-60.388.161
|
-132.685.017
|
| Commissions Paid (-) |
-13.026.234
|
-21.766.615
|
| Losses Paid (-) |
-52.673.545
|
-99.446.132
|
| Technical Reserves Allocated (-) |
-78.321.469
|
-166.006.182
|
| Reserves
for Unearned Premium
(-) |
-28.501.186
|
-53.532.130
|
| Reserves
for Outstanding Losses
(-) |
-27.946.834
|
-81.880.765
|
| Reserves
for Earthquake Losses (-) |
-2.623.029
|
-2.660.247
|
|
Mathematical Reserves for Life Branch
(-) |
-7.244.714
|
-9.428.832
|
| Reserves
for Outstanding Losses for Life Branch (-) |
-620.014
|
-813.906
|
| Reserves
for Profit Share for Life Branch
(-) |
-11.385.692
|
-17.690.302
|
| Other
Technical Reserves
(-) |
0
|
0
|
| Other Expenses (-) |
-90.108
|
-420.994
|
| |
| III- TECHNICAL PROFIT / LOSS |
12.378.669
|
20.899.609
|
| |
| IV- GENERAL EXPENSES (-) |
-7.669.023
|
-11.842.362
|
| Personnel Expenses (-) |
-4.745.071
|
-6.910.820
|
| General Administrative
Expenses (-) |
-2.462.266
|
-4.345.038
|
| Tax and Other Liabilities (-) |
-6.289
|
-13.546
|
| Depreciation Expenses (-) |
-455.397
|
-572.958
|
| Provisions (-) |
0
|
0
|
| Other Expenses (-) |
0
|
0
|
| |
| V- FINANCIAL INCOME |
67.753.766
|
43.584.893
|
| Interest Income |
42.681.003
|
36.630.316
|
| Profit Share Income |
18.833.798
|
570.977
|
| Sale Profits |
0
|
0
|
| Rental Income |
186.125
|
264.308
|
| Foreign Exchange Income |
5.624.220
|
4.373.236
|
| Compulsory EQ Insurance
Commissions Income |
371.251
|
597.427
|
| Other Income |
57.369
|
1.148.629
|
| |
| VI- FINANCIAL EXPENSES (-) |
-16.849.873
|
-17.755.408
|
| Interest Expenses (-) |
-419.651
|
-109.912
|
| Sale Losses (-) |
0
|
0
|
| Foreign Exchange Losses (-) |
-5.637.513
|
-5.046.525
|
| Provisions (-) |
-10.526.991
|
-11.952.997
|
| Compulsory EQ Insurance
Commissions Expenses (-) |
-216.017
|
-349.508
|
| Other Expenses (-) |
-49.701
|
-296.466
|
| |
| VII- PERIOD PROFIT / LOSS BEFORE TAX |
55.613.539
|
34.886.732
|
| Tax and Legal Liabilities
Reserves (-) |
-14.926.890
|
-13.129.674
|
| |
| VIII- PERIOD PROFIT / LOSS (NET) |
40.686.649
|
21.757.058
|
