General information - Eureko Sigorta
General information - Eureko Sigorta
General information - Eureko Sigorta
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74 EUREKO S‹GORTA<br />
EUREKO S‹GORTA A.fi.<br />
Notes to the Financial Statements As at 31 December 2008<br />
(Currency: New Turkish Lira (TRY))<br />
10 Reinsurance assets/liabilities (continued)<br />
Gains and losses recognized in the statement of income in accordance with existing reinsurance contracts are as follows:<br />
Premiums ceded during the period (Note 17)<br />
Reserve for unearned premiums, ceded at the beginning of the period (Note 17)<br />
Reserve for unearned premiums, ceded at the end of the period (Note 17)<br />
Premiums earned, ceded (Not 17)<br />
Paid claims, ceded during the period (Note 17)<br />
Provision for outstanding claims, ceded at the beginning of the period (Note 17)<br />
Provision for outstanding claims, ceded at the end of the period (Note 17)<br />
Claims incurred, ceded (Not 17)<br />
Commission income accrued from reinsurers during the period (Note 32)<br />
Deferred commission income at the beginning of the period (*)<br />
Deferred commission income at the end of the period (Note 19), (Note 32)<br />
Commission income earned from reinsurers (Not 32)<br />
Change in reserve for unexpired risks, ceded<br />
(*) As further explained in Note 2.24, deferred commission income at the beginning of the period amounting to YTL<br />
19,386,774 (Note 17) is presented as netted off from reserve for unearned premiums. As at 31 December 2008, deferred<br />
commission income amounting to YTL 1,136,727 (Note 17) calculated for the policies produced before 1 January 2008<br />
is also presented as netted off from reserve for unearned premiums.<br />
11 Financial assets<br />
As at 31 December 2008, the Company's available-for-sale financial assets are detailed as follows:<br />
All debt instruments presented above are traded in the capital markets.<br />
The Company does not have any financial assets issued by the related parties.<br />
31 December 2008<br />
(227,944,418)<br />
(65,718,819)<br />
85,296,405<br />
(208,366,832)<br />
100,501,842<br />
(145,725,739)<br />
221,339,072<br />
176,115,175<br />
39,598,221<br />
-<br />
(16,956,190)<br />
22,642,031<br />
(4,126,977)<br />
Total, net (13,736,603)<br />
Debt instruments:<br />
Government bonds - YTL<br />
Total available-for-sale financial assets<br />
Face<br />
value<br />
84,500,000<br />
84,500,000<br />
31 December 2008<br />
Fair<br />
Cost value<br />
64,985,465<br />
64,985,465<br />
71,862,855<br />
71,862,855<br />
There is no any debt security issued during the period or issued before and paid during the period by the Company.<br />
There is no financial asset that is overdue but not impaired among the Company's financial investments portfolio.<br />
Net book<br />
value<br />
71,862,855<br />
71,862,855
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