General information - Eureko Sigorta

2008 ANNUAL REPORT
EUREKO S‹GORTA A.fi.
Notes to the Financial Statements As at 31 December 2008
(Currency: New Turkish Lira (TRY))
9 Investments in associates
Garanti Emeklilik ve Hayat Afi
Tar›m Sigortalar› Havuz ‹fllt. Afi
Garanti Hizmet Yönetimi Afi
Investment in Associates, net
Name
Garanti Emeklilik ve Hayat Afi
Garanti Hizmet Yönetimi Afi
Tarim Sigortalari Havuz ‹fllt. Afi
There is no bonus shares acquired through capital increases in subsidiaries from profit or capital reserves.
10 Reinsurance assets/liabilities
Outstanding reinsurance assets and liabilities of the Company, as a ceding company in accordance with existing reinsurance
contracts are as follows:
Reinsurance assets
Provision for outstanding claims, ceded (Note 17)
Reserve for unearned premiums, ceded (Note 17)
Reserve for unexpired risks, ceded (Note 17)
Total
There is no any impairment losses recognized for reinsurance assets.
Reinsurance liabilities
Total
assets
1,204,529,013
641,189
4,287,814
Payables to the reinsurers related to premiums written (Note 19)
Deferred commission income (Note19)
Total
Total
equity
154,034,455
486,400
3,412,138
Retained
earnings
37,118,114
-
-
1,005,604
130,565
590
1,136,759
31 December 2008
73
Carrying value Participation rate %
Net profit of
the period
63,829,221
121,035
291,315
Audited
Yes
No
No
0.09
4.55
1.00
Period
31 Dec 2008
31 Dec 2008
31 Dec 2008
31 December 2008
221,339,072
85,296,405
1,223,616
307,859,093
31 December 2008
43,511,435
16,956,190
60,467,625