|
|
|
STATEMENT OF INCOME
|
|
(31.12.2000 - 31.12.2001)
|
| |
| STATEMENT OF INCOME (in Million TL) |
31.12.2000
|
31.12.2001
|
| |
| I- TECHNICAL INCOME |
218.839.800
|
297.693.691
|
| Premiums Received |
102.306.189
|
148.435.613
|
| Commissions Received |
11.851.745
|
18.693.866
|
| Reinsurers' Share in Losses
Paid |
45.000.679
|
36.236.058
|
| Technical Reserves Carried
Forward (Net) |
24.223.431
|
41.362.491
|
| Reserves
for Unearned Premium |
7.220.822
|
14.540.352
|
| Reserves
for Outstanding Losses |
3.197.708
|
10.670.696
|
|
Mathematical Reserves for Life Branch |
4.620.936
|
5.990.394
|
| Reserves
for Outstanding Losses for Life Branch |
743.884
|
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 |
28.039.908
|
44.476.386
|
|
Reinsurers' Share in Reserves for Unearned Premium |
14.597.806
|
20.283.090
|
|
Reinsurers' Share in Reserves for Outstanding Losses |
13.408.683
|
24.136.330
|
|
Reinsurers' Share in Mathematical Reserves for Life Branch |
0
|
0
|
|
Reinsurers' Share in in Reserves for Outstanding Losses for Life Br. |
33.419
|
56.966
|
|
Reinsurers' Share in Reserves for Profit Share for Life Branch |
0
|
0
|
|
Reinsurers' Share of Other Technical Reserves |
0
|
0
|
| Other Income |
7.417.848
|
8.489.277
|
| |
| II- TECHNICAL EXPENSES (-) |
-204.942.050
|
-278.843.955
|
| Premiums Paid to Reinsurers (-) |
-52.775.059
|
-82.066.037
|
| Commissions Paid (-) |
-12.908.111
|
-18.566.849
|
| Losses Paid (-) |
-71.870.450
|
-73.999.435
|
| Technical Reserves Allocated (-) |
-67.255.141
|
-104.095.184
|
| Reserves
for Unearned Premium
(-) |
-29.138.158
|
-39.322.716
|
| Reserves
for Outstanding Losses
(-) |
-19.552.884
|
-39.016.160
|
| Reserves
for Earthquake Losses (-) |
-2.379.237
|
-3.782.838
|
|
Mathematical Reserves for Life Branch
(-) |
-5.990.394
|
-7.770.048
|
| Reserves
for Outstanding Losses for Life Branch (-) |
-614.317
|
-820.696
|
| Reserves
for Profit Share for Life Branch
(-) |
-9.580.151
|
-13.382.726
|
| Other
Technical Reserves
(-) |
0
|
0
|
| Other Expenses (-) |
-133.289
|
-116.450
|
| |
| III- TECHNICAL PROFIT / LOSS |
13.897.750
|
18.849.736
|
| |
| IV- GENERAL EXPENSES (-) |
-7.566.915
|
-10.800.157
|
| Personnel Expenses (-) |
-4.544.292
|
-6.493.469
|
| General Administrative
Expenses (-) |
-2.470.838
|
-3.637.026
|
| Tax and Other Liabilities (-) |
-11.467
|
-9.387
|
| Depreciation Expenses (-) |
-540.318
|
-660.275
|
| Provisions (-) |
0
|
0
|
| Other Expenses (-) |
0
|
0
|
| |
| V- FINANCIAL INCOME |
48.043.557
|
90.003.505
|
| Interest Income |
22.886.579
|
56.325.702
|
| Profit Share Income |
23.806.763
|
25.111.719
|
| Sale Profits |
0
|
0
|
| Rental Income |
173.585
|
251.350
|
| Foreign Exchange Income |
1.120.182
|
5.923.155
|
| Compulsory EQ Insurance
Commissions Income |
26.583
|
455.059
|
| Other Income |
29.865
|
1.936.520
|
| |
| VI- FINANCIAL EXPENSES (-) |
-11.829.148
|
-26.232.730
|
| Interest Expenses (-) |
-859.542
|
-622.623
|
| Sale Losses (-) |
0
|
0
|
| Foreign Exchange Losses (-) |
-1.423.151
|
-6.119.981
|
| Provisions (-) |
-7.310.457
|
-19.131.730
|
| Compulsory EQ Insurance
Commissions Expenses (-) |
-13.584
|
-264.578
|
| Other Expenses (-) |
-2.222.414
|
-93.818
|
| |
| VII- PERIOD PROFIT / LOSS BEFORE TAX |
42.545.244
|
71.820.354
|
| Tax and Legal Liabilities
Reserves (-) |
-6.713.368
|
-19.239.357
|
| |
| VIII- PERIOD PROFIT / LOSS (NET) |
35.831.876
|
52.580.997
|
