|
STATEMENT OF INCOME
|
|
(31.03.2001 - 31.03.2002)
|
| |
| STATEMENT OF INCOME (in Million TL) |
31.03.2001
|
31.03.2002
|
| |
| I- TECHNICAL INCOME |
104.545.899
|
198.228.253
|
| Premiums Received |
41.830.633
|
86.423.843
|
| Commissions Received |
5.518.621
|
12.059.749
|
| Reinsurers' Share in Losses
Paid |
9.278.077
|
18.392.911
|
| Technical Reserves Carried
Forward (Net) |
30.016.151
|
41.654.873
|
| Reserves
for Unearned Premium |
3.190.012
|
4.550.549
|
| Reserves
for Outstanding Losses |
10.674.696
|
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 |
17.077.408
|
36.414.884
|
|
Reinsurers' Share in Reserves for Unearned Premium |
6.077.464
|
16.025.832
|
|
Reinsurers' Share in Reserves for Outstanding Losses |
10.917.669
|
20.361.875
|
|
Reinsurers' Share in Mathematical Reserves for Life Branch |
0
|
0
|
|
Reinsurers' Share in in Reserves for Outstanding Losses for Life Br. |
82.275
|
27.177
|
|
Reinsurers' Share in Reserves for Profit Share for Life Branch |
0
|
0
|
|
Reinsurers' Share of Other Technical Reserves |
0
|
0
|
| Other Income |
825.009
|
3.281.993
|
| |
| II- TECHNICAL EXPENSES (-) |
-99.923.935
|
-189.705.327
|
| Premiums Paid to Reinsurers (-) |
-26.806.938
|
-66.053.819
|
| Commissions Paid (-) |
-4.031.406
|
-6.941.927
|
| Losses Paid (-) |
-17.840.255
|
-32.097.699
|
| Technical Reserves Allocated (-) |
-51.209.313
|
-84.283.327
|
| Reserves
for Unearned Premium
(-) |
-10.691.101
|
-21.392.927
|
| Reserves
for Outstanding Losses
(-) |
-23.531.417
|
-37.752.098
|
| Reserves
for Earthquake Losses (-) |
-897.456
|
-1.210.767
|
|
Mathematical Reserves for Life Branch
(-) |
-6.313.265
|
-8.338.427
|
| Reserves
for Outstanding Losses for Life Branch (-) |
-622.620
|
-642.576
|
| Reserves
for Profit Share for Life Branch
(-) |
-9.153.454
|
-14.946.532
|
| Other
Technical Reserves
(-) |
0
|
0
|
| Other Expenses (-) |
-36.023
|
-328.555
|
| |
| III- TECHNICAL PROFIT / LOSS |
4.621.964
|
8.522.926
|
| |
| IV- GENERAL EXPENSES (-) |
-2.416.675
|
-3.631.098
|
| Personnel Expenses (-) |
-1.446.560
|
-2.239.616
|
| General Administrative
Expenses (-) |
-829.249
|
-1.222.996
|
| Tax and Other Liabilities (-) |
-1.393
|
-2.049
|
| Depreciation Expenses (-) |
-139.473
|
-166.427
|
| Provisions (-) |
0
|
0
|
| Other Expenses (-) |
0
|
0
|
| |
| V- FINANCIAL INCOME |
28.860.440
|
16.416.144
|
| Interest Income |
19.619.431
|
13.205.271
|
| Profit Share Income |
6.277.915
|
190.328
|
| Sale Profits |
0
|
0
|
| Rental Income |
53.570
|
90.038
|
| Foreign Exchange Income |
2.677.591
|
1.933.721
|
| Compulsory EQ Insurance
Commissions Income |
221.330
|
272.715
|
| Other Income |
10.603
|
724.071
|
| |
| VI- FINANCIAL EXPENSES (-) |
-7.913.732
|
-5.833.007
|
| Interest Expenses (-) |
-157.016
|
-96.032
|
| Sale Losses (-) |
0
|
0
|
| Foreign Exchange Losses (-) |
-2.744.000
|
-2.031.458
|
| Provisions (-) |
-4.878.414
|
-3.517.415
|
| Compulsory EQ Insurance
Commissions Expenses (-) |
-122.790
|
-159.297
|
| Other Expenses (-) |
-11.512
|
-28.805
|
| |
| VII- PERIOD PROFIT / LOSS BEFORE TAX |
23.151.997
|
15.474.965
|
| Tax and Legal Liabilities
Reserves (-) |
-6.053.588
|
-5.445.307
|
| |
| VIII- PERIOD PROFIT / LOSS (NET) |
16.648.409
|
10.029.658
|
