|
STATEMENT OF INCOME
|
|
(31.03.2000 - 31.03.2001)
|
| |
| STATEMENT OF INCOME (in Million TL) |
31.03.2000
|
31.03.2001
|
| |
| I- TECHNICAL INCOME |
91.339.564
|
104.545.899
|
| Premiums Received |
25.819.515
|
41.830.633
|
| Commissions Received |
4.275.958
|
5.518.621
|
| Reinsurers' Share in Losses
Paid |
14.625.099
|
9.278.077
|
| Technical Reserves Carried
Forward (Net) |
18.547.294
|
30.016.151
|
| Reserves
for Unearned Premium |
1.544.686
|
3.190.012
|
| Reserves
for Outstanding Losses |
3.197.708
|
10.674.696
|
|
Mathematical Reserves for Life Branch |
4.620.936
|
5.990.394
|
| Reserves
for Outstanding Losses for Life Branch |
743.883
|
580.898
|
| Reserves
for Profit Share in Life Branch |
8.440.081
|
9.580.151
|
| Other
Technical Reserves |
0
|
0
|
| Reinsurers' Share in
Technical Reserves Allocated |
25.632.960
|
17.077.408
|
|
Reinsurers' Share in Reserves for Unearned Premium |
3.526.621
|
6.077.464
|
|
Reinsurers' Share in Reserves for Outstanding Losses |
22.027.120
|
10.917.669
|
|
Reinsurers' Share in Mathematical Reserves for Life Branch |
0
|
0
|
|
Reinsurers' Share in in Reserves for Outstanding Losses for Life Br. |
79.219
|
82.275
|
|
Reinsurers' Share in Reserves for Profit Share for Life Branch |
0
|
0
|
|
Reinsurers' Share of Other Technical Reserves |
0
|
0
|
| Other Income |
2.438.738
|
825.009
|
| |
| II- TECHNICAL EXPENSES (-) |
-88.215.766
|
-99.923.935
|
| Premiums Paid to Reinsurers (-) |
-14.947.147
|
-26.806.938
|
| Commissions Paid (-) |
-2.872.408
|
-4.031.406
|
| Losses Paid (-) |
-20.962.628
|
-17.840.255
|
| Technical Reserves Allocated (-) |
-49.361.359
|
-51.209.313
|
| Reserves
for Unearned Premium
(-) |
-6.839.298
|
-10.691.101
|
| Reserves
for Outstanding Losses
(-) |
-27.363.825
|
-23.531.417
|
| Reserves
for Earthquake Losses (-) |
-564.018
|
-897.456
|
|
Mathematical Reserves for Life Branch
(-) |
-5.047.783
|
-6.313.265
|
| Reserves
for Outstanding Losses for Life Branch (-) |
-767.275
|
-622.620
|
| Reserves
for Profit Share for Life Branch
(-) |
-8.779.160
|
-9.153.454
|
| Other
Technical Reserves
(-) |
0
|
0
|
| Other Expenses (-) |
-72.224
|
-36.023
|
| |
| III- TECHNICAL PROFIT / LOSS |
3.123.798
|
4.621.964
|
| |
| IV- GENERAL EXPENSES (-) |
-1.702.272
|
-2.416.675
|
| Personnel Expenses (-) |
-1.016.830
|
-1.446.560
|
| General Administrative
Expenses (-) |
-557.165
|
-829.249
|
| Tax and Other Liabilities (-) |
-5.553
|
-1.393
|
| Depreciation Expenses (-) |
-122.724
|
-139.473
|
| Provisions (-) |
0
|
0
|
| Other Expenses (-) |
0
|
0
|
| |
| V- FINANCIAL INCOME |
11.968.937
|
28.860.440
|
| Interest Income |
5.876.642
|
19.619.431
|
| Profit Share Income |
5.951.686
|
6.277.915
|
| Sale Profits |
0
|
0
|
| Rental Income |
39.315
|
53.570
|
| Foreign Exchange Income |
90.320
|
2.677.591
|
| Compulsory EQ Insurance
Commissions Income |
0
|
221.330
|
| Other Income |
10.974
|
10.603
|
| |
| VI- FINANCIAL EXPENSES (-) |
-2.338.858
|
-7.913.732
|
| Interest Expenses (-) |
-141.615
|
-157.016
|
| Sale Losses (-) |
0
|
0
|
| Foreign Exchange Losses (-) |
-83.600
|
-2.744.000
|
| Provisions (-) |
-2.098.221
|
-4.878.414
|
| Compulsory EQ Insurance
Commissions Expenses (-) |
0
|
-122.790
|
| Other Expenses (-) |
-15.422
|
-11.512
|
| |
| VII- PERIOD PROFIT / LOSS BEFORE TAX |
11.051.605
|
23.151.997
|
| Tax and Legal Liabilities
Reserves (-) |
-1.838.301
|
-6.053.588
|
| |
| VIII- PERIOD PROFIT / LOSS (NET) |
9.213.304
|
16.648.409
|
