General information - Eureko Sigorta

46 EUREKO S‹GORTA
EUREKO S‹GORTA A.fi.
Notes to the Financial Statements As at 31 December 2008
(Currency: New Turkish Lira (TRY))
1 General information (continued)
1.6 Wages and similar benefits provided to the senior management
As at and for year ended 31 December 2008, wages and similar benefits provided to the senior management including
chairman, members of the board of the directors, general manager, general coordinator, and deputy general managers
is amounting to YTL 2,376,697.
1.7 Explanation about the distribution of the investment income and operating expenses (personnel expenses,
administrative expenses, research and development expenses, marketing and selling expenses, and expenses
for the services bought from third parties) in the financial statements
Procedures and principles related to keys used in the distribution of investment income and operating expenses in the
financial statements are determined in accordance with the 4 January 2008 dated and 2008/1 numbered “Communiqué
Related to the Procedures and Principles for the Keys Used in the Financial Statements Being Prepared In Accordance
With Insurance Accounting Plan” issued by the Turkish Treasury.
In accordance with the related communiqué;
Income from the assets invested against non-life technical provisions is transferred to technical section from non-technical
section.
Operating expenses are distributed to the sub-branches in accordance with the average of 3 ratios calculated by dividing
“number of the policies produced within the last three years”, “gross premium written within the last three years”, and
“number of the claims reported within the last three years” to the “total number of the policies”, “total gross written
premium”, and the “total number of the claims reported”, respectively.
1.8 Information on the financial statements as to whether they comprise an individual company or a group of
companies
The accompanying financial statements comprise only the financial information of the Company. As further detailed in
Note 2.2, the Company did not prepare consolidated financial statements as at and for the year ended 31 December
2008.
1.9 Name or other identity information about the reporting entity and the changes in this information after
previous balance sheet date
Trade name of the Company : Eureko Sigorta Anonim fiirketi
Registered address of the head office : Büyükdere Cad. Nurol Plaza No:71 34398 Maslak/‹stanbul
The web page of the Company : www.eurekosigorta.com.tr
There is no change in the aforementioned information subsequent to the balance sheet date.
The Company’s registered address was changed as presented above which the Company was operating in Mete Cad.
Parkhan No:32 Taksim-‹stanbul as at previous balance sheet date.
1.10 Subsequent events
In accordance with the “Principles Regarding Usage of Turkish Lira and Kurufl by the Entities Related to the Private Sector
Accounting System” mentioned in the “15th Sequence Numbered General Circular Related to the Application of Accounting
System” issued by the Republic of Turkey Ministry of Finance in 27092 numbered and 26 December 2008 dated Official
Gazette it is stated that the accounting records and transactions until 31 December 2008 would be recorded in New
Turkish Lira and New Kurufl. On the other hand, the accounting entries will be in Turkish Lira and Kurufl starting from 1
January 2009.
As per the 26 February 2009 dated resolution of the Board of the Directors, it is decided to propose shareholders to be
decided at General Shareholders Meeting to retain the profit of the year 2008 within the Company as profit reserve.