AKSIGORTA (CONVENIENCE TRANSLATION OF INDEPENDENT AUDITOR'S REPORT AND CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH)
AKSİGORTA A.Ş.
CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD JANUARY 1 - MARCH 31, 2023
AKSİGORTA A.Ş.
CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD JANUARY 1 - MARCH 31, 2023
CONTENTS | PAGE |
CONSOLIDATED BALANCE SHEETS | 1-5 |
CONSOLIDATED STATEMENTS OF INCOME | 6-8 |
CONSOLIDATED STATEMENTS OF CASH FLOWS | 9 |
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY | 10-11 |
PROFIT DISTRIBUTION…………………………………………………………………………...12 | |
NOTES TO THE FINANCIAL STATEMENTS | 13-86 |
AKSİGORTA A.Ş.
CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2022, AND MARCH 31, 2023
(Amounts expressed in Turkish Lira ('TRY') unless otherwise indicated.)
ASSETS
Reviewed | Audited | ||
Current Period | Previous Period | ||
I- CURRENT ASSETS | Note | March 31, 2023 | December 31, 2022 |
A- Cash and Cash Equivalents | 14 | 4.314.748.748 | 5.209.698.181 |
1- Cash | - | - | |
2- Cheques Received | - | - | |
3- Banks | 14 | 3.926.211.240 | 4.994.282.190 |
4- Cheques Given and Payment Orders (-) | - | - | |
5-Receivables from Credit Cards with Bank Guarantee Due | 14 | 388.537.508 | 215.415.991 |
Less Than Three Months | |||
6-Other Cash and Cash Equivalents | - | - | |
B- Financial Assets and Investments with Risks on Policy Holders | 11.1 | 5.128.514.756 | 3.347.337.441 |
1- Financial Assets Available for Sale | 11.1 | 1.474.183.447 | 1.951.145.408 |
2- Financial Assets Held to Maturity | 11.1 | 798.764.981 | 1.184.804.256 |
3- Financial Assets Held for Trading | 11.1 | 2.853.613.049 | 209.376.382 |
4- Loans | - | - | |
5- Provision for Loans (-) | - | - | |
6- Investments with Risks on Policy Holders | 11.1 | 1.953.279 | 2.011.395 |
7- Equity Shares | - | - | |
8- Impairment in Value of Financial Assets (-) | - | - | |
C- Receivables from Main Operations | 12.1 | 3.353.667.271 | 2.866.570.795 |
1- Receivables from Insurance Operations | 12.1 | 3.368.595.435 | 2.879.788.998 |
2- Provision for Receivables from Insurance Operations (-) | 12.1 | (71.010.145) | (45.967.323) |
3- Receivables from Reinsurance Operations | - | - | |
4- Provision for Receivables from Reinsurance Operations (-) | - | - | |
5- Cash Deposited for Insurance & Reinsurance Companies | 12.1 | 30.954 | 30.954 |
6- Loans to Policyholders | - | - | |
7- Provision for Loans to Policyholders (-) | - | - | |
8- Receivables from Pension Operation | - | - | |
9- Doubtful Receivables from Main Operations | 12.1 | 454.607.156 | 394.716.808 |
10- Provisions for Doubtful Receivables from Main Operations (-) | 12.1 | (398.556.129) | (361.998.642) |
D- Due from Related Parties | 17.384 | 17.384 | |
1- Due from Shareholders | - | - | |
2- Due from Affiliates | - | - | |
3- Due from Subsidiaries | - | - | |
4- Due from Joint Ventures | - | - | |
5- Due from Personnel | - | - | |
6- Due from Other Related Parties | 17.384 | 17.384 | |
7- Rediscount on Receivables Due from Related Parties (-) | - | - | |
8- Doubtful Receivables Due from Related Parties | - | - | |
9- Provisions for Doubtful Receivables Due from Related Parties (-) | - | - | |
E- Other Receivables | 11.909.427 | 47.994.285 | |
1- Leasing Receivables | - | - | |
2- Unearned Leasing Interest Income (-) | - | - | |
3- Deposits and Guarantees Given | 1.219.112 | 1.219.112 | |
4- Other Receivables | 47 | 10.690.315 | 46.775.173 |
5- Discount on Other Receivables (-) | - | - | |
6- Other Doubtful Receivables | - | - | |
7- Provisions for Other Doubtful Receivables (-) | - | - | |
F- Prepaid Expenses and Income Accruals | 4.2.2 | 1.077.215.565 | 901.513.876 |
1- Deferred Commission Expenses | 17.20 | 1.057.773.069 | 885.958.057 |
2- Accrued Interest and Rent Income | - | - | |
3- Income Accruals | 641.872 | 1.148.041 | |
4- Other Prepaid Expenses | 47 | 18.800.624 | 14.407.778 |
G- Other Current Assets | 9.164.756 | 3.686.277 | |
1- Inventories | 22 | 22 | |
2- Prepaid Taxes and Funds | 6.761.550 | 3.664.432 | |
3- Deferred Tax Assets | - | - | |
4- Business Advances | 67.350 | 21.823 | |
5- Advances Given to Personnel | 2.335.835 | - | |
6- Stock Count Differences | - | - | |
7- Other Current Assets | - | - | |
8- Provision for Other Current Assets (-) | - | - | |
I- Total Current Assets | 13.895.237.907 | 12.376.818.239 |
The accompanying notes form an integral part of these consolidated financial statements.
1
AKSİGORTA A.Ş.
CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2022, AND MARCH 31, 2023
(Amounts expressed in Turkish Lira ('TRY') unless otherwise indicated.)
ASSETS
Reviewed | Audited | ||
Current Period | Previous Period | ||
II- NON-CURRENT ASSET | Note | March 31, 2023 | December 31, 2022 |
A- Receivables from Main Operations | - | - | |
1- Receivables from Insurance Operations | - | - | |
2- Provision for Receivables from Insurance Operations (-) | - | - | |
3- Receivables from Reinsurance Operations | - | - | |
4- Provision for Receivables from Reinsurance Operations (-) | - | - | |
5- Cash Deposited for Insurance & Reinsurance Companies | - | - | |
6- Loans to Policyholders | - | - | |
7- Provision for Loans to Policyholders (-) | - | - | |
8- Receivables from Pension Operations | - | - | |
9- Doubtful Receivables from Main Operations | - | - | |
10- Provision for Doubtful Receivables from Main Operations | - | - | |
B- Due from Related Parties | - | - | |
1- Due from Shareholders | - | - | |
2- Due from Affiliates | - | - | |
3- Due from Subsidiaries | - | - | |
4- Due from Joint Ventures | - | - | |
5- Due from Personnel | - | - | |
6- Due from Other Related Parties | - | - | |
7- Discount on Receivables Due from Related Parties (-) | - | - | |
8- Doubtful Receivables Due from Related Parties | - | - | |
9- Provisions for Doubtful Receivables Due from Related Parties (-) | - | - | |
C- Other Receivables | - | - | |
1- Leasing Receivables | - | - | |
2- Unearned Leasing Interest Income (-) | - | - | |
3- Deposits and Guarantees Given | - | - | |
4- Other Receivables | - | - | |
5- Discount on Other Receivables (-) | - | - | |
6- Other Doubtful Receivables | - | - | |
7- Provisions for Other Doubtful Receivables (-) | - | - | |
D- Financial Assets | - | - | |
1- Investments in Associates | - | - | |
2- Affiliates | - | - | |
3- Capital Commitments to Affiliates (-) | - | - | |
4- Subsidiaries | - | - | |
5- Capital Commitments to Subsidiaries (-) | - | - | |
6- Joint Ventures | - | - | |
7- Capital Commitments to Joint Ventures (-) | - | - | |
8- Financial Assets and Investments with Risks on Policy Holders | - | - | |
9- Other Financial Assets | - | - | |
10- Diminution in Value of Financial Assets (-) | - | - | |
E- Tangible Fixed Assets | 6 ve 7 | 87.398.552 | 63.880.077 |
1- Investment Properties | 7 | - | - |
2- Diminution in Value for Investment Properties (-) | - | - | |
3- Owner Occupied Properties | 6 | 5.329 | 5.329 |
4- Machinery and Equipment's | - | - | |
5- Furnitures and Fixtures | 6 | 50.415.559 | 45.477.606 |
6- Vehicles | 6 | 8.758.863 | 8.758.863 |
7- Other Tangible Assets (Including Leasehold Improvements) | 6 | 24.532.163 | 24.233.834 |
8 - Leased Tangible Fixed Assets | 6 | 95.238.780 | 68.313.445 |
9 - Accumulated Depreciation (-) | 6 ve 7 | (91.552.142) | (82.909.000) |
10 - Advances Paid for Tangible Fixed Assets (Including Construction in Progresses) | - | - | |
F- Intangible Fixed Assets | 8 | 182.265.313 | 168.048.891 |
1- Rights | 8 | 325.194.467 | 304.122.850 |
2- Goodwill | - | - | |
3- Establishment Costs | - | - | |
4- Research and Development Expenses | - | - | |
5- Other Intangible Assets | - | - | |
6- Accumulated Amortizations (-) | 8 | (192.286.962) | (179.726.972) |
7- Advances Regarding Intangible Assets | 8 | 49.357.808 | 43.653.013 |
G- Prepaid Expenses and Income Accruals | 110.304 | 110.304 | |
1- Deferred Commission Expenses | - | - | |
2- Accrued Interest and Rent Income | - | - | |
3- Other Prepaid Expenses | 47 | 110.304 | 110.304 |
H- Other Non-current Assets | 217.522.493 | 228.577.129 | |
1- Effective Foreign Currency Accounts | - | - | |
2- Foreign Currency Accounts | - | - | |
3- Inventories | - | - | |
4- Prepaid Taxes and Funds | - | - | |
5- Deferred Tax Assets | 35 | 217.522.493 | 228.577.129 |
6- Other Non-current Assets | - | - | |
7- Other Non-current Assets Amortization (-) | - | - | |
8- Provision for Other Non-current Assets (-) | - | - | |
II- Total Non-current Assets | 487.296.662 | 460.616.401 | |
TOTAL ASSETS (I+II) | 14.382.534.569 | 12.837.434.640 |
The accompanying notes form an integral part of these consolidated financial statements.
2
AKSİGORTA A.Ş.
CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2022, AND MARCH 31, 2023
(Amounts expressed in Turkish Lira ('TRY') unless otherwise indicated.)
LIABILITIES
Reviewed | Audited | ||
Current Period | Previous Period | ||
III- SHORT TERM LIABILITIES | Note | March 31, 2023 | December 31, 2022 |
A- Borrowings | 566.453.989 | 641.683.756 | |
1- Loans to Financial Institutions | 347.893.195 | 544.473.125 | |
2- Finance Lease Payables | 20 | 39.291.091 | 27.858.335 |
3- Deferred Finance Lease Borrowing Costs (-) | 20 | (11.413.173) | (8.929.786) |
4- Current Portion of Long-Term Borrowings | - | - | |
5- Principal, Instalments, and Interests on Issued Bills (Bonds) | - | - | |
6- Other Financial Assets Issued | - | - | |
7- Value Differences on Issued Financial Assets (-) | - | - | |
8- Other Financial Borrowings (Liabilities) | 14 | 190.682.876 | 78.282.082 |
B- Payables from Main Operations | 2.860.222.980 | 2.052.543.633 | |
1- Payables Due to Insurance Operations | 19.1 | 2.860.222.980 | 2.052.543.633 |
2- Payables Due to Reinsurance Operations | - | - | |
3- Cash Deposited by Insurance & Reinsurance Companies | - | - | |
4- Payables Due to Pension Operations | - | - | |
5- Payables from Other Operations | - | - | |
6- Rediscount on Other Payables from Main Operations (-) | - | - | |
C- Due to Related Parties | 686.269 | 190.785 | |
1- Due to Shareholders | 1.143 | 1.143 | |
2- Due to Affiliates | - | - | |
3- Due to Subsidiaries | - | - | |
4- Due to Joint Ventures | - | - | |
5- Due to Personnel | 685.126 | 189.642 | |
6- Due to Other Related Parties | - | - | |
D- Other Payables | 277.582.042 | 364.004.169 | |
1- Deposits and Guarantees Received | 12.1 | 28.863.147 | 28.257.559 |
2- Due to SSI regarding Treatment Expenses | 19.1 | 88.249.266 | 69.641.878 |
3- Other Payables | 19.1 | 160.469.629 | 266.104.732 |
4- Discount on Other Payables (-) | - | - | |
E- Insurance Technical Reserves | 7.431.631.604 | 6.839.644.319 | |
1- Unearned Premiums Reserve - Net | 20 | 4.227.315.709 | 3.897.966.852 |
2- Unexpired Risk Reserves - Net | 20 | 140.054.670 | 153.218.079 |
3- Mathematical Reserves - Net | - | - | |
4- Outstanding Claims Reserve - Net | 4.1 ve 20 | 3.064.251.001 | 2.788.449.164 |
5- Provision for Bonus and Discounts - Net | 20 | 10.224 | 10.224 |
6- Other Technical Reserves - Net | - | - | |
F- Taxes and Other Liabilities and Relevant Provisions | 158.581.265 | 152.017.037 | |
1- Taxes and Dues Payable | 150.523.043 | 151.321.626 | |
2- Social Security Premiums Payable | 23.1 | 784.080 | 689.939 |
3- Overdue, Deferred or By Instalment Taxes and Other Liabilities | - | - | |
4- Other Taxes and Liabilities | 7.274.142 | 5.472 | |
5- Corporate Tax Liability Provision on Period Profit | 35 | - | - |
6- Prepaid Taxes and Other Liabilities on Period Profit (-) | 35 | - | - |
7- Provisions for Other Taxes and Liabilities | - | - | |
G- Provisions for Other Risks | 182.722.704 | 96.230.891 | |
1- Provision for Employment Termination Benefits | - | - | |
2- Pension Fund Deficit Provision | - | - | |
3- Provisions for Costs | 19.1 ve 23.4 | 182.722.704 | 96.230.891 |
H- Deferred Income and Expense Accruals | 19.1 | 754.658.405 | 531.238.119 |
1- Deferred Commission Income | 17.16 | 754.658.405 | 531.238.119 |
2- Expense Accruals | 2.11 ve 19.1 | - | - |
3- Other Deferred Income | - | - | |
I- Other Short-Term Liabilities | 235 | 235 | |
1- Deferred Tax Liability | 35 | - | - |
2- Inventory Count Differences | - | - | |
3- Other Short-Term Liabilities | 235 | 235 | |
III - Total Short-Term Liabilities | 12.232.539.493 | 10.677.552.944 |
The accompanying notes form an integral part of these consolidated financial statements.
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Aksigorta AS published this content on 30 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2023 14:15:34 UTC.
