|
STATEMENT OF INCOME
|
|
(31.12.1999 - 31.12.2000)
|
| |
| STATEMENT OF INCOME (in Million TL) |
31.12.1999
|
31.12.2000
|
| |
| I- TECHNICAL INCOME |
163.665.727
|
218.839.800
|
| Premiums Received |
53.882.457
|
102.306.189
|
| Commissions Received |
7.003.526
|
11.851.745
|
| Reinsurers' Share in Losses
Paid |
48.276.753
|
45.000.679
|
| Technical Reserves Carried
Forward (Net) |
13.396.162
|
24.223.431
|
| Reserves
for Unearned Premium |
5.092.577
|
7.220.822
|
| Reserves
for Outstanding Losses |
1.159.482
|
3.197.708
|
|
Mathematical Reserves for Life Branch |
6.830.861
|
4.620.936
|
| Reserves
for Outstanding Losses for Life Branch |
313.242
|
743.884
|
| Reserves
for Profit Share in Life Branch |
0
|
8.440.081
|
| Other
Technical Reserves |
0
|
0
|
| Reinsurers' Share in
Technical Reserves Allocated |
33.910.444
|
28.039.908
|
|
Reinsurers' Share in Reserves for Unearned Premium |
7.714.207
|
14.597.806
|
|
Reinsurers' Share in Reserves for Outstanding Losses |
26.170.976
|
13.408.683
|
|
Reinsurers' Share in Mathematical Reserves for Life Branch |
0
|
0
|
|
Reinsurers' Share in in Reserves for Outstanding Losses for Life Br. |
25.261
|
33.419
|
|
Reinsurers' Share in Reserves for Profit Share for Life Branch |
0
|
0
|
|
Reinsurers' Share of Other Technical Reserves |
0
|
0
|
| Other Income |
7.196.385
|
7.417.848
|
| |
| II- TECHNICAL EXPENSES (-) |
-157.890.684
|
-204.942.050
|
| Premiums Paid to Reinsurers (-) |
-28.129.761
|
-52.775.059
|
| Commissions Paid (-) |
-6.876.735
|
-12.908.111
|
| Losses Paid (-) |
-63.635.217
|
-71.870.450
|
| Technical Reserves Allocated (-) |
-59.197.805
|
-67.255.141
|
| Reserves
for Unearned Premium
(-) |
-14.935.029
|
-29.138.158
|
| Reserves
for Outstanding Losses
(-) |
-29.368.684
|
-19.552.884
|
| Reserves
for Earthquake Losses (-) |
-1.063.930
|
-2.379.237
|
|
Mathematical Reserves for Life Branch
(-) |
-4.620.936
|
-5.990.394
|
| Reserves
for Outstanding Losses for Life Branch (-) |
-769.145
|
-614.317
|
| Reserves
for Profit Share for Life Branch
(-) |
-8.440.081
|
-9.580.151
|
| Other
Technical Reserves
(-) |
0
|
0
|
| Other Expenses (-) |
-51.166
|
-133.289
|
| |
| III- TECHNICAL PROFIT / LOSS |
5.775.043
|
13.897.750
|
| |
| IV- GENERAL EXPENSES (-) |
-4.853.770
|
-7.566.915
|
| Personnel Expenses (-) |
-2.784.218
|
-4.544.292
|
| General Administrative
Expenses (-) |
-1.591.863
|
-2.470.838
|
| Tax and Other Liabilities (-) |
-7.867
|
-11.467
|
| Depreciation Expenses (-) |
-469.822
|
-540.318
|
| Provisions (-) |
0
|
0
|
| Other Expenses (-) |
0
|
0
|
| |
| V- FINANCIAL INCOME |
31.703.916
|
48.043.557
|
| Interest Income |
22.394.758
|
22.886.579
|
| Profit Share Income |
8.843.196
|
23.806.763
|
| Sale Profits |
0
|
0
|
| Rental Income |
104.002
|
173.585
|
| Foreign Exchange Income |
327.165
|
1.120.182
|
| Compulsory EQ Insurance
Commissions Income |
0
|
26.583
|
| Other Income |
34.795
|
29.865
|
| |
| VI- FINANCIAL EXPENSES (-) |
-9.505.590
|
-11.829.148
|
| Interest Expenses (-) |
-1.130.095
|
-859.542
|
| Sale Losses (-) |
0
|
0
|
| Foreign Exchange Losses (-) |
-655.275
|
-1.423.151
|
| Provisions (-) |
-7.479.091
|
-7.310.457
|
| Compulsory EQ Insurance
Commissions Expenses (-) |
0
|
-13.584
|
| Other Expenses (-) |
-241.129
|
-2.222.414
|
| |
| VII- PERIOD PROFIT / LOSS BEFORE TAX |
23.119.599
|
42.545.244
|
| Tax and Legal Liabilities
Reserves (-) |
-8.651.256
|
-6.713.368
|
| |
| VIII- PERIOD PROFIT / LOSS (NET) |
14.468.343
|
35.831.876
|
