| MERKEZ SİGORTA A.Ş. | ||||||||||
| BALANCE SHEETS FOR THE YEARS ENDED 30.09.1999 , 31.12.1998 , 31.12.1997 , 31.12.1996 AND 31.12.1995 | ||||||||||
| (Currency in US Dollars) | ||||||||||
| ASSETS | 1995 | 1996 | 1997 | 1998 | 1999 | |||||
| I. LIQUID ASSETS | 1.308.470 | 3.225.155 | 2.911.361 | 56.558 | 38.279 | |||||
| A. Liquid Assets | 101.770 | 45.588 | 15.660 | 10.141 | 19.004 | |||||
| B. Banks | 1.206.700 | 3.179.567 | 2.895.701 | 46.417 | 19.275 | |||||
| II.MARKETABLE SECURITIES | 4.538.408 | 4.911.695 | 5.142.805 | 7.999.003 | 9.178.951 | |||||
| A. Marketable Securities | 4.538.408 | 4.911.695 | 5.142.805 | 8.133.041 | 9.178.951 | |||||
| B. Provision for Marketable Securities' Loss (-) | (134.038) | |||||||||
| III. RECEIVABLES | 6.786.817 | 2.390.551 | 2.692.070 | 2.516.239 | 2.234.505 | |||||
| A. Insured Clients | 902.645 | 431.420 | 567.066 | 588.177 | 510.106 | |||||
| a. Insured Clients | 902.645 | 431.420 | 567.066 | 588.177 | 510.106 | |||||
| b. Provision for the Premium Receivables (-) | ||||||||||
| B. Agencies | 6.108.023 | 1.860.193 | 1.838.115 | 1.785.989 | 1.564.315 | |||||
| a. Agencies | 6.470.151 | 2.501.476 | 1.983.661 | 1.836.822 | 1.625.723 | |||||
| b. Provision for the Premium Receivables (-) | (362.128) | (641.283) | (145.546) | (50.833) | (61.408) | |||||
| C. Insurance and Reinsurance Companies | 20.875 | 15.919 | (4.636) | 27.156 | 23.041 | |||||
| D. Reserves at Cedant and Retrocedant Companies | 5.658 | 16.393 | 23.916 | 30.748 | 28.570 | |||||
| E. Other Receivables | (250.383) | 66.626 | 267.610 | 84.170 | 108.473 | |||||
| F. Doubtful Receivables | 911.694 | 475.001 | 252.483 | 139.328 | ||||||
| G. Provision for Doubtful Receivables (-) | (911.694) | (475.001) | (252.483) | (139.328) | ||||||
| IV.PARTICIPATIONS | ||||||||||
| A. Participations | ||||||||||
| B. Provision for Participation Value Loss (-) | ||||||||||
| V.FIXED ASSETS | 727.131 | 685.876 | 462.624 | 390.935 | 310.578 | |||||
| A. Movable Assets | 444.379 | 364.996 | 253.750 | 172.518 | 117.217 | |||||
| a. Movable Assets | 918.347 | 925.660 | 768.041 | 754.386 | 623.932 | |||||
| b. Accumulated Deprecations (-) | (473.968) | (560.664) | (514.291) | (581.868) | (506.716) | |||||
| B. Immovable Assets | 118.124 | 235.080 | 176.345 | 205.051 | 189.270 | |||||
| a. Immovable Assets | 122.845 | 245.261 | 183.919 | 214.105 | 197.714 | |||||
| b. Accumulated Deprecations (-) | (4.721) | (10.181) | (7.574) | (9.054) | (8.444) | |||||
| C. Special Costs | 164.628 | 85.800 | 32.529 | 13.366 | 4.091 | |||||
| a. Special Costs | 202.628 | 133.541 | 71.994 | 49.007 | 33.332 | |||||
| b. Accumulated Deprecations (-) | (38.000) | (47.741) | (39.465) | (35.641) | (29.241) | |||||
| VI.OTHER CURRENT ASSETS (NET) | 469.045 | 44.425 | ||||||||
| TOTAL ASSETS | 13.829.871 | 11.257.702 | 11.208.860 | 10.962.735 | 11.762.313 | |||||