faal‹yet raporu annual report

Genel Müdürlük
Büyükdere Cad. ‹fl Kuleleri Kule-2
4.Levent, 34330 ‹stanbul
Tel: (212) 350 0 350
Faks: (212) 350 0 355
www.anadolusigorta.com.tr
Global Reports LLC
FAAL‹YET RAPORU ANNUAL REPORT
FAAL‹YET RAPORU ANNUAL REPORT
Global Reports LLC
Anadolu Sigorta bir
kurulufludur.
Anadolu Sigorta is a
subsidiary.
Global Reports LLC
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‹Ç‹NDEK‹LER
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CONTENTS
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5
6-7
8-9
10-11
12-13
14
15
16-17
18-19
20-21
22-23
24-25
26-27
28-29
31
32-35
36-39
40-41
42-43
44-45
46-47
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Global Reports LLC
Vizyonumuz, Misyonumuz
Kurumsal De¤erlerimiz
Y›l›n Özeti
Yönetim Kurulu
Dünyada Sigortac›l›k
Türkiye’de Sigortac›l›k
‹cra Kurulu
Sektörü ‹çinde
Anadolu Sigorta
Kaza
Yang›n
Nakliyat
Mühendislik
Tar›m
Ferdi Kaza
Hukuksal Koruma
Mali Tablolar
Bilanço
Gelir Tablosu
Fon Ak›m Tablosu
Kâr Da¤›t›m Tablosu
Ba¤›ms›z Denetçi Raporu
Denetçi Raporu Özeti
Adresler
Our Vision, Our Mission
Our Corporate Values
Summary of the Year
Board of Directors
Insurance in the World
Turkish Insurance in 2003
Executive Committee
Anadolu Sigorta
in the Sector
Accident
Fire
Marine
Engineering
Agriculture
Personal Accident
Legal Protection
Financial Statements
Balance Sheet
Statement of Income
Statement of Cash Flow
Statement of Profit Distribution
Independent Auditor’s Report
Summary of Statutory Auditor’s Report
Addresses
V‹ZYONUMUZ
OUR VISION
Anadolu Sigorta’y›
sigortaya ihtiyac› To make Anadolu Sigorta a
olan herkesin tercih edece¤i brand that everyone who
sigorta markas› yapmak. needs to be insured will
prefer.
Uluslararas›
sigortac›l›kta da To reach to a power that is
referans gösterilen also referred to in the
bir güce ulaflmak. International Insurance
Business.
M‹SYONUMUZ
Anadolu Sigorta’n›n köklü, öncü, dürüst ve
güçlü kurumsal de¤erlerinin ›fl›¤›nda;
> Sektöre yön vermek,
> Türkiye’de sigorta bilincinin
yayg›nlaflmas›n› sa¤lamak,
> Müflteri odakl› hizmet anlay›fl›n›
uygulamak,
> Finansal gücümüzü uluslararas›
standartlara yükseltmek,
> fiirketimizin de¤erini art›rmakt›r.
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Global Reports LLC
OUR MISSION
In the light of entrenched, leading, ethical
and powerful corporate values of Anadolu
Sigorta;
> To orientate the sector,
> To make the public awareness of insurance
spread throughout Turkey,
> To implement the Customer Focused
service mentality,
> To raise our financial power to
international standards,
> To increase the value of our Company.
KURUMSAL
OUR
CORPORATE
DE⁄ERLERiMiZ
VALUES
ANADOLU S‹GORTA VE KÖKLÜ GEÇM‹fi
Atatürk’ün talimat›yla kurulmufltur ve
Türkiye’nin ilk ulusal sigorta flirketidir.
Sigortac›l›k birikiminin getirdi¤i güçlü
bir kurumsal yap›ya sahiptir.
ANADOLU S‹GORTA VE ÖNCÜLÜK
Ürün yaratmada öncüdür.
Hizmette öncüdür.
Teknolojide öncüdür.
Kendini yenileme kabiliyetiyle
öncülü¤ünün devaml›l›¤›n› sa¤lar.
Toplumsal sorumlulukta öncü role sahiptir.
ANADOLU S‹GORTA VE DÜRÜSTLÜK
Etik de¤erlere sahiptir.
Verdi¤i sözleri mutlaka tutar.
fieffafl›k ilkesine sahiptir.
‹nsani de¤erlerden vazgeçmez.
ANADOLU S‹GORTA VE GÜÇLÜ YAPI
Süreklili¤i olan bir mali güce sahiptir.
Yayg›n ve etkin hizmet a¤›na sahiptir.
Geliflmifl, nitelikli insan kayna¤›na sahiptir.
‹fl Bankas› sinerjisinden güç al›r.
ANADOLU S‹GORTA:
A COMPANY ENTRENCHED IN HISTORY
Anadolu Sigorta was founded in accordance with
the instructions given by Mustafa Kemal Atatürk
as the Turkey’s first national insurance company.
It has a powerful corporate structure built on
its knowledge of insurance accumulated
through the years.
ANADOLU S‹GORTA AND PIONEERSHIP
Pioneer in creating product;
Pioneer in service;
Pioneer in technology;
With its self-renewing ability preserves its
pioneering position;
It plays a pioneering role in social responsibility.
ANADOLU S‹GORTA AND INTEGRITY
It has ethical merits;
It fulfills its promises definitely;
It inheres in transparency as principle;
It never abandons human values.
ANADOLU S‹GORTA AND
A POWERFUL STRUCTURE
It has a stable financial power;
It has an extended and efficient service network;
It has a sophisticated and high qualified
human source;
It gains power from the synergy created by ‹fl Bankas›.
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Global Reports LLC
YILIN ÖZET‹
2003: Öncülü¤ünü üstlendi¤imiz
Maksimum Hizmet anlay›fl› ile
misyonumuza sahip ç›karak yine sektör
birincisi oldu¤umuz anahtar bir y›l.
Sektöre yön vermek bizim misyonumuz.
Türkiye’de sigorta bilincinin yayg›nlaflmas›n› sa¤lamak için
girdi¤imiz araflt›rmalar bizi hizmet kalitesinin yükseltilmesi
yönünde ilerlemeye teflvik etti.
Bugün sigortac›l›k sektörüne yön verdi¤ine inand›¤›m›z
Maksimum Hizmet Sigortac›l›¤›, yani bir sigorta flirketinden
alabilece¤iniz azami hizmet anlay›fl› misyonumuza
ba¤l›l›¤›m›zdan do¤du.
Bu misyonu üstlenmek için bize bir vizyon gerekli ise o da
Anadolu Sigorta’y› sigortaya ihtiyac› olan herkesin tercih
edece¤i sigorta markas› yapmakt›r.
Maksimum Hizmet’in özü budur.
fiirketimiz 2003 y›l›n› 445,6 trilyon TL üretimle, bir önceki
y›la göre %50,2’lik bir art›flla yine sektör birincisi olarak
baflar›yla bitirmifl, %12,7 ile pazardan en yüksek pay› alm›flt›r.
2003 y›l› misyonumuz aç›s›ndan önemli kilometre tafllar›ndan
biri olmufltur. Hedefimiz hizmet kalitemizin ve pazar
pay›m›z›n yükselmesi ile birlikte sigortal› say›s›n› da
art›rmakt›r.
2004’te hizmetlerimiz aras›na kat›lan sa¤l›k sigortas› ile
hizmet alan›m›z› geniflletiyor ve önemli bir branflta daha
sigorta bilinci afl›lama görevini üstleniyoruz.
MAL‹ GÖSTERGELER
Milyar TL
2000
2001
2002
2003
Toplam Prim Geliri
121.613,0 181.477,1 296.758,8 445.639,4
Kaza
Yang›n
Nakliyat
Mühendislik
Tar›m
Ferdi Kaza
Hukuksal Koruma
Ödenen Toplam Hasar
Teknik Rezervler (Net)
Özvarl›k
Sermaye
Kâr (Vergi Öncesi)
74.493,9 95.525,1 156.093,7 238.525,7
30.313,6 53.181,6
87.116,7 135.233,3
7.416,7 17.122,0 27.597,3 33.985,7
3.747,7
8.960,5
16.315,1 23.593,7
53,6
57,6
71,1
132,4
4.965,5
5.812,8
8.607,2
12.516,5
622,0
817,5
957,7
1.652,0
50.022,5 84.984,7 133.116,2 201.851,6
47.025,4 72.575,3 110.858,0 214.197,4
36.189,6 59.074,7 101.182,9 142.169,8
30.000,0 50.000,0 80.000,0 80.000,0
33.695,0 59.089,2 77.454,2 59.433,9
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Hedefe do¤ru yürürken bize gerekli bütün deste¤i ise Anadolu
Sigorta’n›n kurumsal de¤erlerinden al›yoruz: köklü bir
geçmiflimiz, öncü bir rolümüz, dürüstlük ilkemiz ve güçlü
bir yap›m›z var.
SUMMARY OF THE YEAR
To orientate the sector is our mission.
All the researches we have set about with the aim of making
the awareness of insurance widespread have urged us to get
further ahead in elevating the service quality.
The maximum service you can get from an insurance company,
that is Maximum Service Insurance, which we believe is now
orientating the insurance sector, has been born out of our
philosophy of maximum service.
2003: A remarkable year in which we
have again been the leader of the sector
by claiming our mission with the
philosophy of Maximum Service in which
we have been the pioneering leader.
If we need a vision to undertake this mission, it is to make
Anadolu Sigorta an insurance brand, which will be preferred
by everyone who needs to be insured.
This is the essence of Maximum Service.
Our Company has ended the year 2003 with the production
of 445.6 trillion TL, which, compared to that of the previous
year, means an increase of 50.2%, and has taken the largest
share of 12.7% of the market.
The year 2003 has been one of the important milestones
regarding our mission. Our goal is to increase the number
of insured while elevating the quality of our service and
increasing our market share.
In 2004, we have extended our service range by adding health
insurance to it, thus taking up the mission of making people
more aware of insurance in another important branch.
Walking towards to the target, we have taking all the support
we need from the corporate values of Anadolu Sigorta: we
have entrenched in history, we play a pioneering role, integrity
is our principle, and we have a powerful structure.
FINANCIAL HIGHLIGHTS
TL in Billions
2000
2001
2002
2003
Total Premium Income
121,613.0 181,477.1 296,758.8 445,639.4
Accident
Fire
Marine
Engineering
Agriculture
Personal Accident
Legal Protection
Claims Paid
Technical Provisions (Net)
Shareholders’ Equity
Share Capital
Income (Before Tax)
74,493.9 95,525.1 156,093.7 238,525.7
30,313.6 53,181.6
87,116.7 135,233.3
7,416.7 17,122.0 27,597.3 33,985.7
3,747.7
8,960.5
16,315.1 23,593.7
53.6
57.6
71.1
132.4
4,965.5
5,812.8
8,607.2
12,516.5
622.0
817.5
957.7
1,652.0
50,022.5 84,984.7 133,116.2 201,851.6
47,025.4 72,575.3 110,858.0 214,197.4
36,189.6 59,074.7 101,182.9 142,169.8
30,000.0 50,000.0 80,000.0 80,000.0
33,695.0 59,089.2 77,454.2 59,433.9
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Global Reports LLC
YÖNET‹M KURULU
BOARD OF DIRECTORS
Burhan Karagöz
Baflkan
Chairman
Burhanettin Kantar
Üye
Director
Suat Gürsoy
Üye
Director
Daver Orhon
Üye
Director
Engin Murat Yüksel
Üye
Director
Mustafa Arca
Denetçi
Auditor
Oktay Eke
Denetçi
Auditor
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Ahmet Yavuz
Baflkan Vekili
Deputy Chairman
G. Mahir Bayyurdo¤lu
Üye ve Genel Müdür
Director and Chief Executive Officer
Hatice Hale Erpek
Üye
Director
Ayd›n Süha Önder
Üye
Director
Cevdet Sözdinler
Denetçi
Auditor
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Global Reports LLC
DÜNYADA S‹GORTACILIK
Küresel ekonomi 2003’te, 2000 y›l›ndan bu yana devam eden
yavafllama ve durgunluk döneminden, ABD’nin liderli¤inde
ç›km›flt›r. Irak Savafl›’yla ilgili endifleler ve Çin’de ortaya ç›kan
SARS salg›n›, y›l›n ilk çeyre¤inde önemli at›l›mlar yap›lmas›na
engel olmakla birlikte, 2003’ün ikinci çeyre¤inden itibaren
küresel ekonomi düzelmeye bafllam›flt›r.
Gayri safi global hâs›la art›fl› 2003 y›l› genelinde yaklafl›k %3,2
olup, 2004 y›l›nda ise %4,1 oran›nda art›fl beklenmektedir.
Geliflmifl ülke ekonomileri ortalama %1,8’lik büyüme gösterirken,
geliflmekte olan ülke ekonomileri 2003’te %5 büyümüfltür. Ayn›
trendin 2004’te de sürmesi, geliflmifl ülke ekonomilerinin
%2,9’luk büyümesi, geliflmekte olan ülke ekonomilerinin ise
%5,6 büyümesi beklenmektedir. Genel olarak dünya ticaret
hacminin 2003 y›l›nda %2,9 gibi düflük oranl› art›fl›ndan sonra
2004 y›l›nda %5,5 kadar artmas› beklenmektedir.
Euro/Dolar paritesi, 2003 y›l›na Amerikan ekonomisiyle ilgili
belirsizlik ve Irak’la savafl korkusuna ba¤l› olarak yükseliflle girmifl;
Euro yaz bafl›na kadar sert bir de¤erlenme sergilemifl ve Aral›k
ay›nda ABD Dolar› karfl›s›nda 1,23’ü de aflarak bir rekor daha
k›rm›flt›r. Di¤er taraftan, ABD Dolar›’n›n de¤er kayb›, di¤er para
birimlerine karfl› eflit oranda gerçekleflmemifl, Asya merkez
bankalar›n›n paralar›n›n de¤erlenmemesi için azimli çabalar›
ekonomik ayarlamalar›n›n daha çok Euro ile yap›lmas›na yol
açm›flt›r. 2002 y›l›n›n bafllar›ndan bu yana ABD Dolar› Euro
karfl›s›nda %20 oran›nda de¤er kaybetmifltir. ABD Dolar›’n›n
Euro karfl›s›nda düflmesi Avrupa ekonomilerinin ihracat› için
dezavantaj olufltururken, Asya ülkeleri milli paralar›n› dolar
karfl›s›nda zay›f tutarak Asya'n›n Amerika'ya ihracat›n› desteklemifltir.
2003, geliflmifl borsalar için yükselifl y›l› olmufltur. ABD’de
teknoloji a¤›rl›kl› NASDAQ bileflik endeksi 2003 y›l›nda %46,
Dow Jones sanayi endeksi ise %20 oran›nda de¤er kazan›rken
Avrupa borsalar› da ABD borsalar› ile paralel görüntü çizmifltir.
1 y›ll›k süre içinde Alman Xetra Dax %35, Frans›z CAC 40 %15,
‹ngiliz FTSE 100 ise %11 de¤er kazanm›fl, Japon ekonomisine
iliflkin iyimserli¤in artarak devam etmesinin Tokyo borsas›na iyi
yönde yans›mas› sonucu Nikkei 225 endeksi y›lbafl›ndan bu yana
% 23 oran›nda de¤erlenmifltir. Alt›n, 346 ABD Dolar› düzeyinden
girdi¤i 2003 y›l›nda dalgal› bir seyir izlemifl, alt›n fiyatlar› fiubat
bafl›nda yedi y›l›n zirvesi olan 376,50 ABD Dolar›’na ç›km›flt›r.
Aral›k ay›nda ise son sekiz y›l›n en yüksek düzeyi olan 410 ABD
Dolar›’na dayanm›flt›r. Sanayileflmifl ülke faiz oranlar› ise son 40
y›l›n en düflük seviyelerindedir. Ham petrol fiyatlar› fiubat sonunda
39,99 ABD Dolar›/varil ile Körfez savafl›ndan sonraki en yüksek
düzeyi görmüfl ve y›l sonunu OPEC’in üretim kotas›n› düflürece¤i
beklentisinin yaratt›¤› bask› ile geçen senenin üzerinde 33 ABD
Dolar›/varil ile kapatm›flt›r.
Dünya sigortac›l›¤› 2003 y›l›nda kesinleflen verilere göre 2002
y›l›nda %12,5 art›flla bir önceki y›l›n 970 milyar ABD Dolar›
hayat d›fl› prim üretimini 1.091 milyar ABD Dolar›na ç›karm›fl
ve tüm dünya ekonomisinde pay› %3,38 olarak gerçekleflmifltir.
Hayat d›fl› branfllar toplam›nda yaflanan 121 milyar ABD Dolar›
art›fl›n 60 milyar ABD Dolarl›k k›sm› ABD sektöründen
kaynaklanm›flt›r. ABD, tek bafl›na, hayat d›fl› branfllarda tüm
dünyada üretilen prim miktar›n›n %47,7’sini oluflturmufltur.
2002 y›l›nda bir önceki y›lda da oldu¤u gibi Kuzey Amerika
(ABD ve Kanada) bölgesinin tüm hayat d›fl› sektörü toplam›
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içerisindeki oran› yaklafl›k %50, Avrupa ülkelerinin oran› yaklafl›k
%32, Asya ülkelerinin (sadece Japonya-%8,5) oran› ise yaklafl›k
%13,5 olmufltur.
‹çinde bulundu¤umuz Avrupa sigorta sektörü, %15,5’lik bir art›flla,
299,5 milyar ABD Dolarl›k üretimden 346 milyar ABD Dolarl›k
prim üretimine ulaflm›flt›r. Avrupa sigorta sektörü 10,221 milyar
ABD Dolarl›k Avrupa ekonomisinin %3,38’ini temsil etmifltir.
Asya sigorta sektörü ise 2002 y›l›nda, bir önceki seneye göre %8,1
art›flla 138 milyar ABD Dolarl›k üretimden 149 milyar ABD
Dolarl›k prim üretimine ulaflm›flt›r. Asya sigorta sektörü, toplam
8,175 milyar ABD Dolarl›k Asya ekonomisinin %1,82’sini temsil
etmifltir.
Genel olarak prim üretim art›fl› tüm dünyada uzun dönem
ortalamas›n›n (reel olarak %2,2) üzerinde gerçekleflerek (reel
olarak %9,2) son 16 y›l›n en yüksek art›fl› olmufltur. Geliflmekte
olan ülkeler art›fl› ise sanayileflmifl ülkeler art›fl›n›n üzerinde
gerçekleflmifltir. Art›fl trendi 2003 y›l›nda da devam etmifltir. Bu
sayede aç›klanacak 2003 y›l› teknik sonuçlar›n›n da iyileflmesi
beklenmektedir.
Dünya sigorta ve reasürans sektörü, 2003 y›l›nda meydana gelen
yaklafl›k 17 milyar ABD Dolarl›k k›sm› sigortal› olmak üzere,
toplam 65 milyar ABD Dolarl›k hasara neden olan katastrofik
olaylara ra¤men rekorsuz bir hasar y›l› geçirmifltir.
fiirketlerin gelirlerindeki art›fllar, uluslararas› kredi derecelendirme
kurulufllar› taraf›ndan verilen notlarda beklenilen art›fla
yans›mam›fl, flirketler üzerindeki sermaye art›fl› bask›lar› devam
etmifltir. Bu bask› geçti¤imiz bir y›l içerisinde piyasaya yaklafl›k 27
milyar ABD Dolar› net fon girifli sa¤lam›flt›r. Avrupa flirketleri
kaynakl› art›fl tutar›, 2003’teki sermaye art›fl›n›n %60’›n›
oluflturmufltur. Bunun neredeyse yar›s› ise Munich Re kaynakl›d›r.
Munich Re’ye bankac›l›k sektöründeki yat›r›m portföyünü
küçültmesi yönündeki bask› sürmektedir. Bu arada sigortal›
ç›kar›n›n korunmas› aç›s›ndan yola ç›k›p reasürörlerin direkt
piyasada yaratt›¤› etki nedeniyle Alman Finansal Hizmetler
Denetleme Kurulu (BaFin) da reasürans flirketleri üzerindeki
kontrolünü art›rma amac›ndad›r. Hatta, Avrupa Birli¤i’nin
reasürans denetimine iliflkin direktifinin yay›nlanmas›n›n gelecek
seneye ertelenmesi üzerine BaFin bu konuda milli düzenlemeyi
hayata geçirip Birlik Direktifi’nin yay›nlanmas›ndan sonra da
Direktif’e uyum için gerekirse revize bir düzenlemeyi göze
almaktad›r.
Reasürans flirketlerinin kapasitelerinin büyük bir k›sm›n› katastrofik
hasar fazlas› anlaflmalara ay›rmas›, kapasitenin ihtiyaçtan fazla
olmas›na sebep olmufl, ancak daha önce keskin art›fllar gören
piyasalardaki ›l›ml› indirimler d›fl›nda teknik esaslara dayal› fiyat
disiplininin sürdü¤ü gözlenmifltir. Geçmifl tecrübeler, bu
aflamadan sonra bir yandan “neden teknik esasl› fiyatland›rmaya
ba¤l› kal›nmas› gerekti¤i”ne dair tart›flmalar sürerken bir yandan
da s›ran›n fiyatlar›n inifle geçti¤i aflamaya geldi¤ini göstermektedir.
2004‘te katastrofik bir hasar meydana gelmezse, bu hakl›
tart›flman›n bu sefer do¤ru sonucu mu yarataca¤›na, yoksa fiyat
döngüsündeki aflamalardan birisi olarak sadece devam› belli bir
süreçte rolünü mü oynam›fl olaca¤›na tüm taraflar birlikte flahit
olacaklard›r.
INSURANCE IN THE WORLD
In the year 2003, the global economy has left behind the deceleration
and recession period continuing since 2000, through the leadership
of the USA. Although the worries about the war in Iraq and the
SARS outbreak in China have prevented noticeable advancements
in the first quarter of the year, the recovery in the global economy
has started beginning from the second quarter of the year 2003.
The USA has individually supplied 47.7% of the premium production
around the world in non-life fields. In the year 2002, as in the
previous year, the total share of North America (USA and Canada)
in the non-life sector total has been approximately 50%, while that
of the European countries has been 32% and of the Asian countries
(solely Japan: 8.5%) has been 13.5% approximately.
Throughout the year 2003, the increase in the Gross World
Product has been approximately 3.2%; and an increase of 4.1%
is expected in 2004. Compared to the 1.8% average growth in the
economies of developed countries, the economies of the developing
countries have exhibited a 5% growth in 2003. The same trend
is likely to continue in 2004, with an expected growth of 2.9% in
the economies of the developed countries and 5.6% in the
economies of the developing countries. Following the lower growth
of 2.9% in 2003 in the general world trade volume, the 2004
growth ratio is anticipated as 5.5%.
The Euro/Dollar exchange rate has begun the year 2003 with an
increasing trend caused by the uncertainty about the United States
economy and the fear of the war in Iraq. The Euro has exhibited
a steep revaluation trend until the beginning of the summer and
it has broken a record in December by exceeding the ratio of 1.23
against the US Dollar. On the other hand, the decrease in the
value of the US Dollar hasn’t been realized equally against all the
other currencies, and the resolute efforts of the Asian Central
Banks in order to prevent the revaluation of their currencies have
resulted in economic adjustments performed mainly through the
Euro. Since the beginning of 2002, the US Dollar observed a
20% devaluation against the Euro. This devaluation of the US
Dollar versus the Euro has created a disadvantage for the exports
of the European economies, whereas the Asian countries supported
the export from Asia to the United States by maintaining weaker
national currencies against the Dollar.
2003 has been a year of ascent for developed stock exchange
markets. In the United States, in 2003, the technology-based
NASDAQ composite index has gained 46% and the Dow Jones
industrial index 20% value whilst the European stock exchange
markets displayed a trend similar to that which experienced by the
USA stock exchange markets. Within a period of one year, the
German Xetra Dax has risen by 35%, the French CAC 40 by 15%
and the British FTSE 100 by 11%. As the continuing optimism
concerning the Japanese economy has been positively reflected on
the Tokyo stock exchange, the Nikkei 225 has risen by 23% since
the new year. The value of gold, which begun the year 2003 around
346 USD, has shown a fluctuating trend and the gold prices has
reached the seven-year peak of 376.50 USD in the beginning
February, and has attained the eight-year apex of 410 USD in
December. The interest rates in the industrialised countries are
at the last 40-year lows. Crude oil prices have peaked at the end
of February to the highest rate since the Gulf War with 39.99 USD
per barrel and, exceeding past year’s rate, concluded the year with
33 USD/barrel through the pressure induced by the expectation
that the OPEC will decrease its production quota.
According to the values definitely established in 2003, in the year
2002, the world insurance sector has elevated its non-life premium
production from the previous year’s 970 billion USD to 1,091
billion USD, achieving a 12.5% increase. Its share in the world
economy has been 3.38%. 60 billion USD of the total increase of
121 billion USD in non-life fields has been produced by the USA.
The European insurance sector, which we are also a part of, has
realised a premium increase of 15.5%, from 299.5 billion USD to
346 billion USD. The European Insurance Sector has represented
a 3.38% share of the European economy of 10,221 billion USD.
The Asian insurance sector, on the other hand, has achieved an
8.1% growth in 2002 compared to the previous year, with a
production increase from 138 billion USD to 149 billion USD. The
Asian insurance sector has represented 1.82% of the Asian economy
of 8,175 billion USD.
In general, throughout the world, increase in the premium
production (9.2% real) exceeding the (2.2% real) long term average
has been the highest in the last 16 years. Meanwhile, the increase in
the developing countries has been higher than the ratio in the
industrialised countries. The rising trend has continued to prevail
also in the year 2003. Thanks to this, the technical results of the
year 2003 to be announced are expected to improve.
In spite of the catastrophic events occurred in 2003 causing a total
loss of 65 billion USD, of which a part of circa 17 billion USD being
under insurance cover, the world insurance and reinsurance sector
has been through a loss year without records.
The increases in the company revenues haven’t been reflected as
the anticipated improvements in the ratings of the international
credit rating organisations and the capital increase pressure on
the companies have been persistent. This pressure resulted in 27
billion USD net funds entrance to the market in the last year. The
increase originating from the European companies has made up
60% of the capital increase in 2003. Nearly half of this has come
from Munich Re. The pressure on Munich Re to shrink its
investment portfolio in the banking sector is continuing. Besides,
The German financial services regulator, Bundesanstalt für
Finanzdienstleistungsaufsicht (BaFin) is also aiming at a stricter
control on the reinsurance companies due to the influence of the
reinsurers on the direct market in order to protect the benefits of
the insured. Further to the postponement of issuance of the EU
Directive on reinsurance supervising, the BaFin decided to establish
a national regulation venturing a prospective revision for
harmonisation after the issuance of the EU Directive.
The allotment of the major part of the reinsurance company
capacities to the catastrophe coverage agreements has caused the
capacity to be larger than the demand. However, except for the
mild discounts in the markets where previously sharp increases
have occurred, it has been observed that the pricing discipline
based on technical principles continued. Past experience shows
that after this stage the debate about “the dependence on the
pricing based on technical principles” continues whilst on the
other hand the prices start a falling trend. In the year 2004, if
no catastrophic damage occurs, all the parties will find out if this
rightful debate will produce the right result, or will just have
played its part as a phase in the pricing cycle in a pre-determined
process.
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TÜRK‹YE’DE S‹GORTACILIK
2003 y›l›n›n ilk yar›s›nda Türkiye ekonomisindeki büyüme
trendi Irak Savafl›’n›n yaratt›¤› olumsuz beklentiler sebebiyle
yavafllama kaydetmifl, ikinci yar›da bu beklentilerin ortadan
kalkmas›yla büyüme trendinin h›zland›¤› gözlenmifltir.
2003 y›l›ndaki olumlu geliflmelerin katk›s›yla, sigorta sektörü
%36,7 oran›nda büyürken, hayat ve sa¤l›k d›fl› branfllarda bir
önceki y›la göre %34,9 art›flla 3,5 katrilyon TL prim
üretilmifltir.
Sigorta sektöründe yaflanan en önemli geliflme, Hazine
Müsteflarl›¤›'n›n 2003 y›l›ndan itibaren tüm sigorta
flirketlerinin cari rizikolar karfl›l›¤›n› gün esasl› olarak poliçe
baz›nda ay›rmalar› karar› olmufltur. Bu karar sigorta
flirketlerinin teknik kârl›l›klar›nda 2003 y›l›na özgü olmak
üzere negatif bir etki yaratm›flt›r. Enflasyonla birlikte düflmeye
bafllayan faizler flirketlerin mali kârlar›n› olumsuz yönde
etkilemifltir. 2003 y›l›, sektörün mali bünyesini güçlendirmek
için yeterli kâr elde edilemedi¤i, ölçüsüz fiyat rekabetinin
fliddetlendi¤i, baz› sigorta flirketlerine el konuldu¤u,
ruhsatlar›n›n iptal edildi¤i, baz›lar›n›n da iflas etti¤i bir y›l
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olmufltur. Ayr›ca Sigorta Düzenleme ve Denetim Kanunu
Tasar›s› IMF’ye verilen tüm taahhütlere ra¤men
yasalaflt›r›lamam›flt›r. Bireysel Emeklilik Sistemi’nde yasal
düzenlemeler tamamlanm›fl, Bireysel Emeklilik fiirketleri
faaliyete geçmifltir.
2003'te hayat ve sa¤l›k d›fl› branfllardan elde edilen toplam
teknik kâr bir y›l öncesine göre %36,6 oran›nda azalarak 156
trilyon TL olmufl ve sektörün teknik kâr oran› %4,44
seviyesinde gerçekleflmifltir.
2003 y›l› sonu itibariyle sektörde 34’ü elementer sigorta,
21’i hayat sigortas› ve 3’ü reasürans flirketi olmak üzere toplam
58 flirket faaliyet göstermektedir.
fiirketimiz 2003 y›l›n› toplam prim üretiminde sektör birincisi
olarak tamamlam›fl, bir önceki y›la göre %50,2 oran›nda
art›flla, 445,6 trilyon TL'lik prim üretimi gerçeklefltirmifl,
elementer flirketler aras›nda %12,7 ile pazarda en yüksek pay›
alm›flt›r.
TURKISH INSURANCE IN 2003
Because of the negative expectations induced by the war in
Iraq, in the first half of the year of 2003 the growth trend of
Turkish economy has slowed down, but has again gained
acceleration after these negative expectations have dissipated.
With the contribution of the positive progresses took place in
the year 2003, in the branches except for those of life and
health, a premium production of 3.5 quadrillion TL has been
realized with the increase of 34.9% compared to the previous
year, while the insurance sector itself has grown 36.7% by
volume.
The decision of calculating and booking in the unearned
premium reserve of the insurance companies on policy basis
and based on the number of days left to maturity, which was
made by the Undersecretariat of Treasury has been the most
important progress experienced in the insurance sector. Being
particular to the year 2003, this decision has induced a negative
effect on the technical profitabilities of insurance companies.
Parallel to the reduction in inflation the decline in interest
rates has had negative effects on financial profits of companies.
Throughout the year 2003, companies had not been able to
gain sufficient profits to strengthen their financial structures,
a measureless price competition had become even more
rigorous, some insurance companies had been seized and
their licenses had been rendered null and some of them had
gone bankrupt. On the other hand, despite all the
commitments given to the IMF, the Draft Law of Insurance
Verification Act has not yet been legalized. All the legal
regulations related to Private Pension System have been
completed, and Private Pension Companies have now become
active.
In the year 2003, the total technical profit gained from the
branches excluding those of life and health has, compared to
that of previous year’s, decreased 36.6% by volume and has
been 156 trillion TL and the technical profit rate of the sector
has been 4.44%.
Regarding the year 2003, consisting of 34 elementary
insurance, 21 life insurance and 3 reinsurance companies,
totally 58 companies have been active in the sector.
Our Company has closed the year 2003 as the leader of the
sector, has realized the premium of 445.6 trillion TL with
an increase of 50.2% compared to the year 2002, among the
elementary insurance companies it has gained the largest share
of 12.7% from the market.
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‹CRA KURULU
EXECUTIVE COMMITTEE
G. Mahir Bayyurdo¤lu
Genel Müdür
Chief Executive Officer
Hasar Müdürlü¤ü, Hukuk ve
Rücu ‹fllemleri Müdürlü¤ü
Claims, Legal Affairs and Subrogation
Bedri Özdinçer
Genel Müdür Yard›mc›s›
Deputy Chief Executive
Organizasyon Müdürlü¤ü, Bilgi ‹fllem Müdürlü¤ü,
Oto Sigortalar› Müdürlü¤ü, Sa¤l›k Sigortalar› Müdürlü¤ü
Organization, EDP, Motor Insurance, Health Insurance
Gürkan fienol
Genel Müdür Yard›mc›s›
Deputy Chief Executive
Hamdi Sar›kaya
Genel Müdür Yard›mc›s›
Deputy Chief Executive
Yang›n ve Mühendislik Sigortalar› Müdürlü¤ü,
Nakliyat ve Sorumluluk Sigortalar› Müdürlü¤ü,
Reasürans Müdürlü¤ü
Fire and Engineering Insurance,
Marine and Liability Insurance, Reinsurance
E¤itim Müdürlü¤ü, ‹nsan Kaynaklar› Müdürlü¤ü,
‹nflaat Emlak ve ‹dari ‹fller Müdürlü¤ü, Muhasebe ve Mali ‹fller Müdürlü¤ü,
Pazarlama ve Halkla ‹liflkiler Müdürlü¤ü, Bölge Müdürlükleri
Training, Human Resources, Premises, Real Estate and Internal Services,
Accounting and Finance, Marketing and Public Relations, Regional Offices
Atila Macun
Genel Müdür Yard›mc›s›
Deputy Chief Executive
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SEKTÖRÜ ‹Ç‹NDE ANADOLU S‹GORTA
ANADOLU S‹GORTA IN THE SECTOR
fiirketimiz 2003 y›l›nda 445,6 trilyon TL prim üretimi
gerçeklefltirmifl ve 6,2 trilyon lira (%1,4 oran›nda) teknik kâr
elde etmifltir.
Bu sonuçlar ile fiirketimiz %12,7 ile pazardan en yüksek pay›
alm›fl ve sektörde prim üretimi bak›m›ndan birincilik
konumunu sürdürmüfltür.
Toplam portföy içinde en yüksek pay› kaza branfl› alm›flt›r.
Kaza branfl›n›n ard›ndan yang›n ve nakliyat branfllar›
gelmektedir.
In the year 2003, our company realized a premium production
445.6 trillion TL, and gained a technical profit of 6.2 trillion
TL (1.4% by volume).
With these outcomes, our company has the largest market
share with 12.7%, and still has the leading position in the
sector, regarding the premium production.
The highest share in total portfolio is of the accident branch,
which is followed by fire and marine branches.
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KAZA
2003 y›l›nda kaza sigortalar› prim üretimi 2002 y›l›na göre
%53 oran›nda artm›fl ve 238.526 milyar TL’ye ulaflm›flt›r.
2003 y›l›nda ekonomide yaflanan olumlu geliflmelerin otomotiv
sektörüne pozitif yönde etkileri, Türk Liras›’n›n döviz karfl›s›nda
de¤er kazanmas› gibi geliflmeler kasko sigortalar› prim
üretiminde h›zl› bir art›fl yaflanmas›n› sa¤lam›fl ve portföyümüz
üzerinde olumlu etki yaratm›flt›r.
Sigorta Türü
Prim Üretimi
De¤iflim
(Milyar TL)
(%)
2002
Oto
146.381
Sorumluluk
2.032
H›rs›zl›k
1.647
Cam K›r›lmas›
151
Muhtelif
3.160
Do¤rudan Üretilen Primler 153.371
Al›nan Reasürans Primleri
2.723
Toplam Üretim
156.094
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2003 2002-2003
224.427
3.546
1.938
139
4.096
234.146
4.380
238.526
53
75
18
-7
30
53
61
53
ACCIDENT
Compared to the year 2002, in the year 2003, accident
insurances premium income has increased 53% by volume,
and reached up to 238,526 billion TL.
The positive effects of the progresses experienced in the
economy in the year 2003 on the automotive sector, and TL’s
gaining value against exchange rate have ensured a rapid
increase in motor insurance premium production, and have
had a favorable effect on our portfolio.
Premium Production Difference
(in billion TL)
Type of Coverage
2002
(%)
2003 2002-2003
Car
146,381 224,427
Liability
2,032
3,546
Theft and Burglary
1,647
1,938
Plate Glass
151
139
Other
3,160
4,096
Direct Premium Income
153,371 234,146
Reinsurance Premiums Received 2,723
4,380
Total Production
156,094 238,526
53
75
18
-7
30
53
61
53
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YANGIN
2003 y›l›nda da, önceki y›llarda oldu¤u gibi fiyat rekabeti tüm
h›z›yla sürmüfl, sigorta teminat kapsamlar› giderek genifllemifl
ve kâr kayb› sigortalar›na iliflkin talepler artmaya devam etmifltir.
Öte yandan, 2003 y›l›nda yaklafl›k %55’lik bir art›flla 135.233
milyar TL’lik prim üretimine ulafl›lm›fl ve sektörde yang›n
sigortalar› üretiminde birincili¤imiz devam etmifltir.
Sigorta Türü
Sivil
Ticari
S›nai
Do¤rudan Üretilen Primler
Al›nan Reasürans Primleri
Toplam Üretim
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Prim Üretimi
De¤iflim
(Milyar TL)
(%)
2002
11.892
34.916
35.611
82.419
4.698
87.117
2003 2002-2003
14.868
52.771
60.731
128.370
6.863
135.233
25
51
71
56
46
55
FIRE
As it was in the previous years, throughout also the year 2003,
price competition has continued intensively at full speed,
insurance coverage has gradually been widened, and demands
related to loss of profits insurance have continued to increase.
On the other hand, in the year 2003, with an increase of
approximately 55%, a premium production of 135,233 billion
TL has been realized, and our leading position in the sector
regarding fire insurances production has been preserved.
Premium Production Difference
(in billion TL)
Type of Coverage
2002
Private
11,892
Commercial
34,916
Industrial
35,611
Direct Premium Income
82,419
Reinsurance Premiums Received 4,698
Total Production
87,117
(%)
2003 2002-2003
14,868
52,771
60,731
128,370
6,863
135,233
25
51
71
56
46
55
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NAKL‹YAT
2003 y›l›nda nakliyat branfl›nda %23 art›fl oran› ile toplam
33.986 milyar TL prim üretimi gerçekleflmifltir. Prim üretimi
aç›s›ndan 2003 y›l›n› daha önceki y›llarda oldu¤u gibi yine
lider olarak tamamlayan fiirketimizin, nakliyat sigortalar›ndaki
pazar pay› %17 seviyesinde gerçekleflmifltir.
Sigorta Türü
Emtea
Tekne
Yat
Sorumluluk
Do¤rudan Üretilen Primler
Al›nan Reasürans Primleri
Toplam Üretim
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Prim Üretimi
De¤iflim
(Milyar TL)
(%)
2002
15.597
9.132
575
1.498
26.802
795
27.597
2003 2002-2003
20.125
9.570
846
2.114
32.655
1.331
33.986
29
5
47
41
22
67
23
MARINE
In the year 2003, with the increase of 23%, a total premium
production of 33,986 billion TL has been realized in marine
branch. As it has been in the previous years, closing the year
2003 again in leading position with respect to premium
production, our Company has attained 17% market share in
Marine Branch.
Premium Production Difference
(in billion TL)
Type of Coverage
2002
Cargo
15,597
Hull
9,132
Yacht
575
Liability
1,498
Direct Premium Income
26,802
Reinsurance Premiums Received
795
Total Production
27,597
(%)
2003 2002-2003
20,125
9,570
846
2,114
32,655
1,331
33,986
29
5
47
41
22
67
23
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MÜHEND‹SL‹K
2003 y›l›nda mühendislik sigortalar› prim üretiminde 2002
y›l›na göre %45 oran›nda art›fl sa¤lanm›flt›r.
2003 y›l›nda, yenilenebilir özellikte olan makine k›r›lmas›
ve elektronik cihaz branfllar›na a¤›rl›k verilmifltir. Enerji
projelerinin de yer ald›¤› makine k›r›lmas› branfl›nda %63,
elektronik cihaz branfl›nda ise %30 oran›nda prim art›fl›
gerçeklefltirilmifltir.
Montaj All Risks sigortalar›nda, yat›r›mlar›n düflük seyretmesi
ve proje üretiminin s›n›rl› say›da olmas› dolay›s›yla art›fl
seviyesi %9 olarak gerçekleflmifltir.
Prim Üretimi
De¤iflim
(Milyar TL)
(%)
Sigorta Türü
2002
‹nflaat All Risks
Montaj All Risks
Makine K›r›lmas›
Elektronik Cihaz
Do¤rudan Üretilen Primler
Al›nan Reasürans Primleri
Toplam Üretim
2.015
868
9.058
3.534
15.475
840
16.315
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2003 2002-2003
2.274
949
14.784
4.580
22.587
1.007
23.594
13
9
63
30
46
20
45
ENGINEERING
Compared to the year 2002, in the year 2003, an increase
of 45% has been ensured in the engineering insurance
premium income.
In the year 2003, Machinery Breakdown and Electronic
Equipment branches with renewable characteristics have been
given weight. In the Machinery Breakdown branch, which also
covers Energy Projects, a premium increase of 63% and in
the Eletronic Equipment Branch a premium increase of 30%
have been realized.
Because of the limited project production and branch
restrictions on investments, in Erection All Risks insurance
a limited increase of 9% has been realized.
Premium Production Difference
(in billion TL)
Type of Coverage
2002
CAR
2,015
EAR
868
Machinery Breakdown
9,058
Electronic Equipment
3,534
Direct Premium Income
15,475
Reinsurance Premiums Received
840
Total Production
16,315
(%)
2003 2002-2003
2,274
949
14,784
4,580
22,587
1,007
23,594
13
9
63
30
46
20
45
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TARIM
2003 y›l›nda tar›m branfl›nda tüm sektörde mevcut koflullar
de¤iflmemifltir. Tar›m sigortalar› do¤rudan prim üretimi
%32’lik bir art›fl göstermifltir.
Sigorta Türü
Do¤rudan Üretilen Primler
Al›nan Reasürans Primleri
Toplam Üretim
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Prim Üretimi
De¤iflim
(Milyar TL)
(%)
2002
31
40
71
2003 2002-2003
41
91
132
32
128
86
AGRICULTURE
In the year 2003, in agriculture branch, the existing conditions
have not changed throughout the sector. Direct premium
income in agriculture insurance has shown an increase of 32%.
Premium Production Difference
(in billion TL)
Type of Coverage
Direct Premium Income
Reinsurance Premiums Received
Total Production
2002
31
40
71
(%)
2003 2002-2003
41
91
132
32
128
86
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FERD‹ KAZA
2003 y›l›nda ferdi kaza sigortalar› prim üretimi hacmi 2002
y›l›na göre %45 oran›nda artm›fl ve 12.516 milyar TL’ye
ulaflm›flt›r.
Prim Üretimi
De¤iflim
(Milyar TL)
(%)
Sigorta Türü
2002
2003 2002-2003
Do¤rudan Üretilen Primler
Al›nan Reasürans Primleri
Toplam Üretim
8.359
248
8.607
12.391
125
12.516
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48
-50
45
PERSONAL ACCIDENT
Compared to the year 2002, personal accident insurance
premium income has increased 45% by volume in the year
2003, and reached up to the amount of 12,516 billion TL.
Premium Production Difference
(in billion TL)
Type of Coverage
2002
Direct Premium Income
8,359
Reinsurance Premiums Received 248
Total Production
8,607
(%)
2003 2002-2003
12,391
125
12,516
48
-50
45
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HUKUKSAL KORUMA
2003 y›l›nda hukuksal koruma sigortalar› prim üretimi hacmi
2002 y›l›na göre %72 oran›nda artm›fl ve 1.652 milyar TL’ye
ulaflm›flt›r.
Sigorta Türü
Do¤rudan Üretilen Primler
Al›nan Reasürans Primleri
Genel Toplam
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Prim Üretimi
De¤iflim
(Milyar TL)
(%)
2002
958
0
958
2003 2002-2003
1.652
0
1.652
72
0
72
LEGAL PROTECTION
Compared to the year 2002, in the year 2003, legal protection
insurance premium income has increased by 72% and reached
up to the amount of 1,652 billion TL.
Premium Production Difference
(in billion TL)
Type of Coverage
Direct Premium Income
Reinsurance Premiums Received
Total Production
2002
958
0
958
(%)
2003 2002-2003
1,652
0
1,652
72
0
72
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Global Reports LLC
MAL‹ TABLOLAR
FINANCIAL STATEMENTS
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B‹LANÇO
31 ARALIK 2003 TAR‹HL‹ BA⁄IMSIZ DENET‹MDEN GEÇM‹fi B‹LANÇO (M‹LYON TL)
AKT‹FLER
31.12.2003
NAK‹T DE⁄ERLER
Kasa
Tahsil Edilecek Çekler
Bankalar
36.648
231.039
31.881.646
31.12.2002
32.149.333
MENKUL DE⁄ERLER CÜZDANI
Hisse Senetleri
Hisse Senedi De¤er Düflüflü (-)
Tahviller
Tahviller De¤er Düflüflü (-)
Yat›r›m Fonlar›
3.775.452
0
231.729.636
0
3.575.784
ALACAKLAR
Sigortal›lar
Sigortal›lar
Sigortal›lardan Prim Alacak Karfl›l›¤› (-)
Acenteler
Acenteler
Acentelerden Prim Alacak Karfl›l›¤› (-)
Alacak Reeskontu (-)
Zorunlu Deprem Sigortas›’ndan Borçlu Acenteler
Sigorta ve Reasürans fiirketleri Cari Hesab›
Sigorta ve Reasürans fiirketleri Nezdindeki Depolar
‹krazlar
Do¤al Afet Sigortalar› Kurumu Cari Hesab›
Di¤er Alacaklar
8.293.995
10.292.508
(1.998.513)
145.754.526
158.037.555
(6.884.698)
(5.398.331)
968.233
7.296.860
1.099.695
4
(1.407.590)
14.575.093
6.403.307
47.628
213.245
6.142.434
239.080.872
186.301.030
2.035.924
(420.587)
183.711.922
(1.284.856)
2.258.627
176.580.816
‹DAR‹ VE KANUN‹ TAK‹PTEK‹ ALACAKLAR
‹dari ve Kanuni Takipteki Alacaklar
‹dari ve Kanuni Takipteki Alacak Karfl›l›¤› (-)
2.165.398
(1.921.305)
‹fiT‹RAKLER
‹fltirakler
‹fltirakler De¤er Azal›fl Karfl›l›¤› (-)
‹fltirakler Sermaye Taahhütleri (-)
25.279.859
(2.111.622)
(44.000)
SAB‹T DE⁄ERLER
Menkuller
Menkuller
Menkuller Birikmifl Amortisman (-)
Gayrimenkuller
Gayrimenkuller
Gayrimenkuller Birikmifl Amortisman (-)
3.623.444
9.863.251
(6.239.807)
17.868.433
19.810.857
(1.942.424)
126.491.103
5.636.485
7.843.616
(2.207.131)
99.254.434
108.958.012
(5.454.175)
(4.249.403)
603.491
3.296.853
739.956
277
(654.498)
17.614.105
244.093
56.064
1.358.537
(1.302.473)
23.124.237
20.956.432
25.223.896
(4.223.464)
(44.000)
21.491.877
17.038.058
2.806.576
6.843.061
(4.036.485)
14.231.482
15.363.016
(1.131.534)
D‹⁄ER AKT‹FLER (Net)
168.574
148.880
AKT‹F TOPLAMI
492.839.802
357.394.874
32
Global Reports LLC
PAS‹FLER
BORÇLAR
Sigorta ve Reasürans fiirketleri Cari Hesab›
Sigorta ve Reasürans fiirketlerinin Depolar›
Borç Reeskontu (-)
Ödenecek Vergi ve Di¤er Yükümlülükler
Di¤er Borçlar
KARfiILIKLAR
A- Teknik Karfl›l›klar
Cari Rizikolar Karfl›l›¤›
Cari Rizikolar Karfl›l›¤›
Reasürörler Pay› (-)
Muallak Hasar Karfl›l›¤›
Muallak Hasar Karfl›l›¤›
Reasürörler Pay› (-)
Deprem Hasar Karfl›l›¤›
Di¤er Teknik Karfl›l›klar
B- Serbest Karfl›l›klar
K›dem Tazminat› Karfl›l›¤›
Vergi Karfl›l›¤›
Di¤er Serbest Karfl›l›klar
D‹⁄ER PAS‹FLER
Faiz Tahakkuku Vergi Karfl›l›¤›
ÖZKAYNAKLAR
Ödenmifl Sermaye
Nominal Sermaye
Ödenmemifl Sermaye (-)
Kanuni Yedek Akçeler
Ola¤anüstü Hasar Karfl›l›¤›
‹htiyari Yedek Akçeler
Ola¤anüstü Yedek Akçeler
Yeniden De¤erleme Fonu
Özel Fonlar
Zarar (-)
Dönem Zarar› (-)
KÂR
Vergi Sonras› Kâr
Geçmifl Y›l Kâr›
PAS‹F TOPLAMI
31.12.2003
31.12.2002
53.140.032
38.136.163
2.504.516
(3.870.502)
2.638.918
13.730.937
44.958.973
36.024.657
3.650.153
(4.916.916)
1.670.585
8.530.494
255.254.088
214.197.408
127.681.454
162.282.045
(34.600.591)
45.578.069
73.898.848
(28.320.779)
40.937.885
0
41.056.680
4.002.947
17.553.360
19.500.373
164.628.880
110.857.975
56.466.272
77.346.314
(20.880.042)
29.721.488
47.236.564
(17.515.076)
24.670.215
0
53.770.905
3.440.431
30.830.101
19.500.373
395.392
395.392
0
0
142.169.763
80.000.000
80.000.000
0
8.114.000
0
0
39.321.368
14.595.269
139.126
0
0
101.182.947
80.000.000
80.000.000
0
5.159.196
0
0
5.888.098
9.803.064
332.589
0
0
41.880.527
41.880.527
0
46.624.074
46.624.074
0
492.839.802
357.394.874
33
Global Reports LLC
BALANCE SHEET
BALANCE SHEET AS AT 31 DECEMBER 2003 (TL IN MILLIONS)
ASSETS
31.12.2003
LIQUID ASSETS
Cash
Checks in Collection
Banks
36,648
231,039
31,881,646
MARKETABLE SECURITIES
Securities
Diminution in Value of Securities (-)
Bonds
Diminution in Value of Bonds (-)
Investment Funds
32,149,333
239,080,872
RECEIVABLES IN LEGAL FOLLOW-UP
Receivables in Legal Follow-up
Provision for Receivables in Legal Follow-up (-)
2,165,398
(1,921,305)
EQUITY PARTICIPATIONS
Equity Participations
Provision for Diminution in Value of Equity Participations (-)
Capital Commitments to Equity Participations (-)
25,279,859
(2,111,622)
(44,000)
FIXED ASSETS
Tangible Fixed Assets
Tangible Fixed Assets
Accumulated Depreciation of Tangible Fixed Assets (-)
Intangible Fixed Assets
Intangible Fixed Assets
Accumulated Depreciation of Intangible Fixed Assets (-)
3,623,444
9,863,251
(6,239,807)
17,868,433
19,810,857
(1,942,424)
TOTAL ASSETS
34
Global Reports LLC
6,403,307
47,628
213,245
6,142,434
3,775,452
0
231,729,636
0
3,575,784
RECEIVABLES
Insured Parties
8,293,995
Insured Parties
10,292,508
Provision for Premium Receivables from Insured Parties (-)
(1,998,513)
Agencies
145,754,526
Agencies
158,037,555
Provision for Premium Receivables from Agencies (-)
(6,884,698)
Discount of Receivables (-)
(5,398,331)
Receivable from Agencies Arising Compulsory Earthquake Insurance
968,233
Current Accounts of Insurance & Reinsurance Companies
7,296,860
Deposits Insurance & Reinsurance Companies
1,099,695
Grants
4
Current Accounts of National Disaster Insurance Association
(1,407,590)
Other Receivables
14,575,093
OTHER ASSETS (NET)
31.12.2002
186,301,030
2,035,924
(420,587)
183,711,922
(1,284,856)
2,258,627
176,580,816
126,491,103
5,636,485
7,843,616
(2,207,131)
99,254,434
108,958,012
(5,454,175)
(4,249,403)
603,491
3,296,853
739,956
277
(654,498)
17,614,105
244,093
56,064
1,358,537
(1,302,473)
23,124,237
20,956,432
25,223,896
(4,223,464)
(44,000)
17,038,058
21,491,877
2,806,576
6,843,061
(4,036,485)
14,231,482
15,363,016
(1,131,534)
168,574
148,880
492,839,802
357,394,874
LIABILITIES
PAYABLES
Current Accounts of Insurance & Reinsurance Companies
Deposits of Insurance & Reinsurance Companies
Discount of Payables (-)
Taxes & Dues Payable
Other Payables
PROVISIONS
A- Technical Provisions
Unearned Premium
Unearned Premium
Reinsurers’ Share in Unearned Premium (-)
Outstanding Claims Provision
Outstanding Claims Provision
Reinsurers’ Share in Outstanding Claims Provision (-)
Earthquake Claims Provision
Other Technical Provision
B- Free Reserves
Retirement Pay Provision
Tax Provision
Other Reserves
OTHER LIABILITIES
Interest & Tax Accruals
SHAREHOLDERS’ EQUITY
Paid-in Capital
Capital
Unpaid Capital (-)
Legal Reserves
Extraordinary Claims Provision
Other Reserves
Extraordinary Reserves
Revaluation Fund
Special Funds
Accumulated Loss (-)
Period Loss (-)
PROFIT
Profit After Tax
Previous Period Profit
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY
31.12.2003
31.12.2002
53,140,032
38,136,163
2,504,516
(3,870,502)
2,638,918
13,730,937
44,958,973
36,024,657
3,650,153
(4,916,916)
1,670,585
8,530,494
255,254,088
214,197,408
127,681,454
162,282,045
(34,600,591)
45,578,069
73,898,848
(28,320,779)
40,937,885
0
41,056,680
4,002,947
17,553,360
19,500,373
164,628,880
110,857,975
56,466,272
77,346,314
(20,880,042)
29,721,488
47,236,564
(17,515,076)
24,670,215
0
53,770,905
3,440,431
30,830,101
19,500,373
395,392
395,392
0
0
142,169,763
80,000,000
80,000,000
0
8,114,000
0
0
39,321,368
14,595,269
139,126
0
0
101,182,947
80,000,000
80,000,000
0
5,159,196
0
0
5,888,098
9,803,064
332,589
0
0
41,880,527
41,880,527
0
46,624,074
46,624,074
0
492,839,802
357,394,874
35
Global Reports LLC
GEL‹R TABLOSU
ANADOLU ANON‹M TÜRK S‹GORTA fi‹RKET‹ 31 ARALIK 2003 TAR‹HL‹
BA⁄IMSIZ DENET‹MDEN GEÇM‹fi GEL‹R TABLOSU (M‹LYON TL)
YANGIN
31.12.2003
31.12.2002
I. TEKN‹K GEL‹RLER
204.469.294
A- ALINAN PR‹MLER
135.233.309
B- ALINAN KOM‹SYONLAR
16.929.077
C- ÖDENEN TAZM‹NATLAR REASÜRANS PAYI
17.041.001
D- DEVREDEN TEKN‹K KARfiILIKLAR (NET)
12.033.345
a) Cari Rizikolar Karfl›l›¤›
6.588.636
b) Muallak Hasarlar Karfl›l›¤›
5.444.709
c) Di¤er Teknik Karfl›l›klar
0
E- AYRILAN TEKN‹K KARfiILIKLARDA REASÜRANS PAYI 23.114.213
a) Cari Rizikolar Karfl›l›¤›nda Reasürans Pay›
9.946.146
b) Muallak Hasarlar Karfl›l›¤›nda Reasürans Pay›
13.168.067
c) Di¤er Teknik Karfl›l›klarda Reasürans Pay›
0
F- D‹⁄ER GEL‹RLER
118.349
II. TEKN‹K G‹DERLER
A- REASÜRÖRLERE VER‹LEN PR‹MLER
B- ÖDENEN KOM‹SYONLAR
C- ÖDENEN TAZM‹NATLAR
D- AYRILAN TEKN‹K KARfiILIKLAR
a) Cari Rizikolar Karfl›l›¤›
b) Muallak Hasarlar Karfl›l›¤›
c) Deprem Hasar Karfl›l›¤›
d) Di¤er Teknik Karfl›l›klar
E- D‹⁄ER G‹DERLER
III. TEKN‹K KÂR/ZARAR (I-II)
36
Global Reports LLC
OTO MAL‹ SORUMLULUK
31.12.2003
31.12.2002
45.489.767
27.597.325
2.989.520
3.829.885
2.311.942
988.054
1.323.888
0
8.737.530
1.800.983
6.936.547
0
23.565
263.920.715
182.956.817
3.796.928
12.489.084
49.989.763
34.416.792
15.572.971
0
14.147.289
11.454.075
2.693.214
0
540.834
176.524.531
122.657.411
2.945.771
8.528.723
33.196.064
22.681.467
10.514.597
0
8.998.023
5.626.574
3.371.449
0
198.539
77.039.937
55.568.886
2.150.351
2.312.169
14.241.118
9.365.800
4.875.318
0
2.754.584
2.089.392
665.192
0
12.829
46.724.310
33.436.323
1.707.301
1.362.017
8.030.524
4.987.203
3.043.321
0
2.179.444
1.747.545
431.899
0
8.701
199.208.001
83.564.347
18.026.625
34.717.490
60.827.432
27.949.992
22.962.545
9.914.895
0
2.072.107
115.376.462
50.255.261
12.287.428
19.224.703
31.997.483
14.548.576
9.962.759
7.486.148
0
1.611.587
50.755.933
14.033.764
5.332.786
12.635.640
18.635.028
7.027.873
11.607.155
0
0
118.715
38.037.901
13.407.496
4.140.564
7.279.915
13.170.379
3.594.054
9.576.325
0
0
39.547
284.613.440
26.599.396
26.099.167
119.950.947
110.808.981
86.112.048
24.696.933
0
0
1.154.949
178.893.278
17.639.805
18.019.989
83.204.283
59.143.023
40.198.602
18.944.421
0
0
886.178
73.387.108
9.661.964
5.863.053
24.041.498
33.776.914
25.471.644
8.305.270
0
0
43.679
39.244.932
5.478.710
3.286.987
14.195.710
16.265.326
10.958.110
5.307.216
0
0
18.199
5.261.293
12.717.807
10.110.103
7.451.866
(20.692.725)
(2.368.747)
3.652.829
7.479.378
VI. MAL‹ G‹DERLER
A- FA‹Z G‹DERLER‹
B- SATIfi ZARARLARI
C- KAMB‹YO ZARARLARI
D- KARfiILIKLAR
E- ZORUNLU DEPREM S‹GORTASI KOM‹SYON G‹DER‹
F- D‹⁄ER G‹DERLER
IX. NET DÖNEM KÂRI
KAZA
31.12.2002
60.866.036
33.985.708
2.828.824
7.836.292
4.432.849
1.793.071
2.639.778
0
11.758.726
4.389.972
7.368.754
0
23.637
V. MAL‹ GEL‹RLER
A- FA‹Z GEL‹RLER‹
B- KÂR PAYI GEL‹RLER‹
C- SATIfi KÂRLARI
D- K‹RA GEL‹RLER‹
E- KAMB‹YO KÂRLARI
F- ZORUNLU DEPREM S‹GORTASI KOM‹SYON GEL‹R‹
G- D‹⁄ER GEL‹RLER
H- DE⁄ERLEME GEL‹RLER‹
VIII. VERG‹ KARfiILI⁄I (-)
31.12.2003
128.094.269
87.116.664
11.960.428
7.441.510
8.965.550
4.843.985
4.121.565
0
12.477.991
7.959.941
4.518.050
0
132.126
IV. GENEL G‹DERLER
A- PERSONEL G‹DERLER‹
B- GENEL YÖNET‹M G‹DERLER‹
C- VERG‹ VE D‹⁄ER YÜKÜMLÜLÜKLER
D- AMORT‹SMAN G‹DERLER‹
E- KARfiILIKLAR
F- D‹⁄ER G‹DERLER
VII. DÖNEM KÂR/ZARAR (III-IV+V-VI)
NAKL‹YAT
31.12.2003 31.12.2002
MÜHEND‹SL‹K
31.12.2002
31.12.2003
31.12.2003
DOLU
31.12.2002
HUKUKSAL KORUMA
31.12.2003
31.12.2002
FERD‹ KAZA
31.12.2002
31.12.2003
GENEL TOPLAM
31.12.2002
31.12.2003
46.808.057
23.593.735
5.293.631
4.612.106
2.511.607
1.587.921
923.686
0
10.769.101
6.495.022
4.274.079
0
27.877
31.865.910
16.315.124
3.865.474
5.188.982
1.603.769
743.266
860.503
0
4.882.614
3.242.399
1.640.215
0
9.947
167.726
132.447
10.150
2.268
19.347
13.519
5.828
0
2.485
235
2.250
0
1.029
88.586
71.049
7.683
141
8.896
8.890
6
0
101
101
0
0
716
1.973.786
1.651.991
0
0
321.793
320.818
975
0
0
0
0
0
2
1.231.536
957.666
0
0
273.870
273.870
0
0
0
0
0
0
0
16.949.850
12.516.466
424.222
994.166
2.637.938
2.379.715
258.223
0
374.972
225.749
149.223
0
2.086
12.959.612
8.607.247
649.184
540.231
2.042.052
1.832.833
209.219
0
1.119.392
502.500
616.892
0
1.506
672.195.401
445.639.359
31.433.183
45.287.086
86.187.760
56.466.272
29.721.488
0
62.921.370
34.600.591
28.320.779
0
726.643
442.978.521
296.758.809
24.125.361
26.891.489
56.432.667
36.359.568
20.073.099
0
38.395.095
20.880.043
17.515.052
0
375.100
46.177.111
16.990.676
3.711.076
8.330.278
16.907.355
10.671.865
5.944.771
290.719
0
237.726
29.307.750
11.289.802
2.525.752
7.839.124
7.440.356
4.830.320
2.563.901
46.135
0
212.716
133.387
30.689
37.675
47.552
11.685
2.176
9.509
0
0
5.786
78.470
23.096
17.405
15.894
19.448
13.620
5.828
0
0
2.627
1.090.327
0
219.868
2.072
868.387
861.287
7.100
0
0
0
463.915
0
136.065
1.940
321.793
320.818
975
0
0
4.117
10.669.905
1.123.659
2.868.509
2.126.100
4.550.725
4.185.160
365.565
0
0
912
8.597.013
1.599.784
1.874.893
1.354.585
3.757.331
2.882.215
875.116
0
0
10.420
666.035.212
152.004.495
62.158.759
201.851.577
246.386.507
162.282.045
73.898.848
10.205.614
0
3.633.874
409.999.721
99.693.954
42.289.083
133.116.154
132.115.139
77.346.315
47.236.541
7.532.283
0
2.785.391
630.946
2.558.160
34.339
10.116
883.459
767.621
6.279.945
4.362.599
6.160.189
32.978.800
38.734.706
16.403.047
15.983.688
1.708.805
2.051.944
2.587.222
0
36.617.798
12.153.032
14.404.440
1.715.885
1.511.705
6.832.736
0
113.515.508
63.164.859
3.233.089
22.825.552
640.997
3.646.423
1.981.527
17.059.675
963.386
107.838.691
62.407.789
5.790.922
14.958.382
343.084
8.191.517
1.512.909
14.634.088
0
21.507.104
5.189
278.129
6.785.899
2.507.014
1.202.148
10.728.725
26.745.518
0
716.555
7.290.792
9.928.907
812.075
7.997.189
59.433.887
77.454.175
(17.553.360)
(30.830.101)
41.880.527
46.624.074
37
Global Reports LLC
STATEMENT OF INCOME
ANADOLU ANON‹M TÜRK S‹GORTA fi‹RKET‹ STATEMENT OF INCOME FOR THE YEAR ENDED 31 DECEMBER 2003 (TL IN MILLIONS)
FIRE
31.12.2003 31.12.2002
MARINE
31.12.2003 31.12.2002
ACCIDENT
MOTOR THIRD PARTY LIABILITY
31.12.2003 31.12.2002 31.12.2003
31.12.2002
I. TECHNICAL INCOME
204,469,294 128,094,269 60,866,036
A- PREMIUM RECEIVED
135,233,309 87,116,664 33,985,708
B- COMMISSIONS RECEIVED
16,929,077 11,960,428 2,828,824
C- REINSURERS’ SHARE ON CLAIMS PAID
17,041,001
7,441,510
7,836,292
D- REVERSAL OF PREVIOUS YEAR’S TECH. PROVISIONS (NET) 12,033,345 8,965,550 4,432,849
a) Unearned Premium
6,588,636 4,843,985
1,793,071
b) Provision for Outstanding Claims
5,444,709
4,121,565
2,639,778
c) Other Technical Provisions
0
0
0
E- REINSURERS’ SHARE ON TECHNICAL PROVISIONS
23,114,213 12,477,991 11,758,726
a) Reinsurers’ Share on Unearned Premium
9,946,146
7,959,941
4,389,972
b) Reinsurers’ Share on Provision for Outstanding Claims
13,168,067 4,518,050
7,368,754
c) Reinsurers’ Share on Provision for Other Technical Provisions
0
0
0
F- OTHER INCOME
118,349
132,126
23,637
45,489,767
27,597,325
2,989,520
3,829,885
2,311,942
988,054
1,323,888
0
8,737,530
1,800,983
6,936,547
0
23,565
263,920,715 176,524,531
182,956,817 122,657,411
3,796,928
2,945,771
12,489,084
8,528,723
49,989,763 33,196,064
34,416,792 22,681,467
15,572,971 10,514,597
0
0
14,147,289 8,998,023
11,454,075
5,626,574
2,693,214
3,371,449
0
0
540,834
198,539
77,039,937
55,568,886
2,150,351
2,312,169
14,241,118
9,365,800
4,875,318
0
2,754,584
2,089,392
665,192
0
12,829
46,724,310
33,436,323
1,707,301
1,362,017
8,030,524
4,987,203
3,043,321
0
2,179,444
1,747,545
431,899
0
8,701
II. TECHNICAL EXPENSES
A- PREMIUM CEDED TO REINSURERS
B- COMMISSIONS PAID
C- CLAIMS PAID
D- TECHNICAL PROVISIONS
a) Unearned Premium
b) Provision for Outstanding Claims
c) Provision for Earthquake Claims
d) Other Technical Provisions
E- OTHER EXPENSES
50,755,933
14,033,764
5,332,786
12,635,640
18,635,028
7,027,873
11,607,155
0
0
118,715
38,037,901 284,613,440 178,893,278
13,407,496 26,599,396 17,639,805
4,140,564
26,099,167 18,019,989
7,279,915 119,950,947 83,204,283
13,170,379 110,808,981 59,143,023
3,594,054
86,112,048 40,198,602
9,576,325 24,696,933 18,944,421
0
0
0
0
0
0
39,547
1,154,949
886,178
73,387,108
9,661,964
5,863,053
24,041,498
33,776,914
25,471,644
8,305,270
0
0
43,679
39,244,932
5,478,710
3,286,987
14,195,710
16,265,326
10,958,110
5,307,216
0
0
18,199
10,110,103
7,451,866 (20,692,725) (2,368,747)
3,652,829
7,479,378
III. TECHNICAL PROFIT/LOSS (I-II)
199,208,001 115,376,462
83,564,347 50,255,261
18,026,625 12,287,428
34,717,490 19,224,703
60,827,432 31,997,483
27,949,992 14,548,576
22,962,545 9,962,759
9,914,895
7,486,148
0
0
2,072,107
1,611,587
5,261,293
IV. GENERAL EXPENSES
A- PERSONNEL EXPENSES
B- GENERAL ADMINISTRATIVE EXPENSES
C- TAXES AND DUES
D- DEPRECIATION EXPENSES
E- PROVISIONS
F- OTHER EXPENSES
V. FINANCIAL INCOME
A- INTEREST INCOME
B- DIVIDEND INCOME
C- SALES INCOME
D- RENT INCOME
E- FOREIGN EXCHANGE INCOME
F- COMPULSORY EARTHQUAKE INSURANCE COMMISSION INCOME
G- OTHER INCOME
H- VALUATION INCOME
VI. FINANCIAL EXPENSES
A- INTEREST EXPENSES
B- SALES EXPENSES
C- FOREIGN EXCHANGE LOSS
D- PROVISIONS
E- COMPULSORY EARTHQUAKE INSURANCE COMMISSION EXPENSE
F- OTHER EXPENSE
VII. PERIOD PROFIT/LOSS (III-IV+V-VI)
VIII. TAX PROVISIONS (-)
IX. NET PROFIT (LOSS) FOR THE PERIOD
38
Global Reports LLC
12,717,807
ENGINEERING
31.12.2002
31.12.2003
HAIL INSURANCE
31.12.2002
31.12.2003
LEGAL PROTECTION
31.12.2003
31.12.2002
PERSONAL ACCIDENT
31.12.2002
31.12.2003
GRAND TOTAL
31.12.2002
31.12.2003
46,808,057
23,593,735
5,293,631
4,612,106
2,511,607
1,587,921
923,686
0
10,769,101
6,495,022
4,274,079
0
27,877
31,865,910
16,315,124
3,865,474
5,188,982
1,603,769
743,266
860,503
0
4,882,614
3,242,399
1,640,215
0
9,947
167,726
132,447
10,150
2,268
19,347
13,519
5,828
0
2,485
235
2,250
0
1,029
88,586
71,049
7,683
141
8,896
8,890
6
0
101
101
0
0
716
1,973,786
1,651,991
0
0
321,793
320,818
975
0
0
0
0
0
2
1,231,536
957,666
0
0
273,870
273,870
0
0
0
0
0
0
0
16,949,850
12,516,466
424,222
994,166
2,637,938
2,379,715
258,223
0
374,972
225,749
149,223
0
2,086
12,959,612
8,607,247
649,184
540,231
2,042,052
1,832,833
209,219
0
1,119,392
502,500
616,892
0
1,506
672,195,401
445,639,359
31,433,183
45,287,086
86,187,760
56,466,272
29,721,488
0
62,921,370
34,600,591
28,320,779
0
726,643
442,978,521
296,758,809
24,125,361
26,891,489
56,432,667
36,359,568
20,073,099
0
38,395,095
20,880,043
17,515,052
0
375,100
46,177,111
16,990,676
3,711,076
8,330,278
16,907,355
10,671,865
5,944,771
290,719
0
237,726
29,307,750
11,289,802
2,525,752
7,839,124
7,440,356
4,830,320
2,563,901
46,135
0
212,716
133,387
30,689
37,675
47,552
11,685
2,176
9,509
0
0
5,786
78,470
23,096
17,405
15,894
19,448
13,620
5,828
0
0
2,627
1,090,327
0
219,868
2,072
868,387
861,287
7,100
0
0
0
463,915
0
136,065
1,940
321,793
320,818
975
0
0
4,117
10,669,905
1,123,659
2,868,509
2,126,100
4,550,725
4,185,160
365,565
0
0
912
8,597,013
1,599,784
1,874,893
1,354,585
3,757,331
2,882,215
875,116
0
0
10,420
666,035,212
152,004,495
62,158,759
201,851,577
246,386,507
162,282,045
73,898,848
10,205,614
0
3,633,874
409,999,721
99,693,954
42,289,083
133,116,154
132,115,139
77,346,315
47,236,541
7,532,283
0
2,785,391
630,946
2,558,160
34,339
10,116
883,459
767,621
6,279,945
4,362,599
6,160,189
32,978,800
38,734,706
16,403,047
15,983,688
1,708,805
2,051,944
2,587,222
0
36,617,798
12,153,032
14,404,440
1,715,885
1,511,705
6,832,736
0
113,515,508
63,164,859
3,233,089
22,825,552
640,997
3,646,423
1,981,527
17,059,675
963,386
107,838,691
62,407,789
5,790,922
14,958,382
343,084
8,191,517
1,512,909
14,634,088
0
21,507,104
5,189
278,129
6,785,899
2,507,014
1,202,148
10,728,725
26,745,518
0
716,555
7,290,792
9,928,907
812,075
7,997,189
59,433,887
77,454,175
(17,553,360)
(30,830,101)
41,880,527
46,624,074
39
Global Reports LLC
FON AKIM TABLOSU
ANADOLU ANON‹M TÜRK S‹GORTA fi‹RKET‹ 31 ARALIK 2003 TAR‹H‹NDE
SONA EREN YILA A‹T FON AKIM TABLOSU (M‹LYON TL)
A - KAYNAKLAR
1- Faaliyet Kâr›ndan Sa¤lanan Kaynak
a) Dönem Kâr›
b) Amortismanlar (+)
c) Fon Ç›k›fl› Gerektirmeyen Di¤er Giderler (+)
d) Fon Girifli Sa¤lamayan Di¤er Gelirler
2- K›sa Vadeli Borçlardaki Art›fl
3- Sermaye Art›r›m› (Nakit Karfl›l›¤›)
4- Dönen Varl›k Tutar›ndaki Azal›fl
5- Duran Varl›k Tutar›ndaki Azal›fl
B - KAYNAK KULLANIMLARI
1- Ödenen Vergi ve Benzerleri
2- Ödenen Temettüler
3- Dönen Varl›k Tutar›ndaki Art›fl
4- Duran Varl›k Tutar›ndaki Art›fl
(Yeniden De¤erleme Hariç)
NET ‹fiLETME SERMAYES‹NDEK‹ DE⁄‹fi‹M
1- Net ‹flletme Sermayesinde Art›fl
40
Global Reports LLC
CAR‹ DÖNEM
31.12.2003
126.762.785
14.846.901
59.433.887
2.051.944
(930.493)
(45.708.437)
111.915.884
0
0
0
ÖNCEK‹ DÖNEM
31.12.2002
171.228.578
126.214.902
77.454.175
1.511.705
142.076.784
(94.827.762)
18.013.676
27.000.000
0
0
171.228.578
126.762.785
26.515.962
27.000.000
111.003.276
6.709.340
27.376.567
10.236.000
87.167.539
1.982.679
29.996.132
30.943.967
STATEMENT OF CASH FLOW
ANADOLU ANON‹M TÜRK S‹GORTA fi‹RKET‹ STATEMENT OF CASH FLOW
FOR THE YEAR ENDED 31 DECEMBER 2003 (TL IN MILLIONS)
CURRENT PERIOD
PREVIOUS PERIOD
31.12.2003
31.12.2002
126,762,785
171,228,578
A - SOURCES
1- Sources Form Operations
14,846,901
126,214,902
59,433,887
77,454,175
a) Period Profit
2,051,944
1,511,705
b) Depreciation (+)
(930,493)
142,076,784
c) Expenses Not Involving Outlay of Funds (+)
(45,708,437)
(94,827,762)
d) Other Income That Does Not Provide Cash Flow
2- Increase in Short-Term Liabilities
111,915,884
18,013,676
3- Capital Increase (Cash Basis)
0
27,000,000
4- Decrease in Current Assets
0
0
5- Decrease in Long-Term Assets
0
0
B - USE OF FUNDS
1- Taxes and Charges Paid
2- Dividends Paid
3- Increase in Current Assets
4- Increase in Long-Term Assets
(Excluding Revaluation)
CHANGE IN NET WORKING CAPITAL
1- Increase in Net Working Capital
126,762,785
27,376,567
10,236,000
87,167,539
1,982,679
171,228,578
26,515,962
27,000,000
111,003,276
6,709,340
29,996,132
30,943,967
41
Global Reports LLC
KÂR DA⁄ITIM TABLOSU
ANADOLU ANON‹M TÜRK S‹GORTA fi‹RKET‹ 2003 YILI KÂR DA⁄ITIM TABLOSU (M‹LYON TL)
CAR‹ DÖNEM
31.12.2003 (*)
A1234-
DÖNEM KÂRININ DA⁄ITIMI
Dönem Kâr›
Geçmifl Y›llar Zararlar› (-)
Ödenecek Vergiler
Birinci Tertip Yasal Yedek
Net Da¤›t›labilir Dönem Kâr›
5- Ortaklara Birinci Temettü
a) Adi Hisse Senedi Sahiplerine
b) ‹mtiyazl› Hisse Senedi Sahiplerine
6- Memur ve ‹flçilere Temettü
7- Yönetim Kuruluna Temettü
8- Anasözleflme Gere¤i Emekli Sand›¤›’na Ödenen
9- Ortaklara ‹kinci Temettü
10- ‹kinci Tertip Yasal Yedek
11- Statü Yedekleri
12- Ola¤anüstü Yedek
13- Di¤er Yedekler
14- Özel Fonlar
B- YEDEKLERDEN DA⁄ITIM
C- H‹SSE BAfiINA KÂR (TL / %)
1- Adi Hisse Senedi Sahiplerine
2- ‹mtiyazl› Hisse Senedi Sahiplerine
D- H‹SSE BAfiINA KÂR PAYI (TL / %)
1- Adi Hisse Senedi Sahiplerine
2- ‹mtiyazl› Hisse Senedi Sahiplerine
(*) Genel Kurul’da onaylanan halidir.
42
Global Reports LLC
ÖNCEK‹ DÖNEM
31.12.2002 (*)
59.433.887
(17.553.360)
(2.094.027)
39.786.500
(7.957.300)
(7.957.299)
(1)
77.454.175
(30.830.101)
(2.331.204)
44.292.870
(9.660.000)
(9.659.999)
(1)
(880.000)
(12.042.700)
(18.906.500)
-
(576.000)
(623.600)
(33.433.270)
-
-
-
523,51/52,35
52,35/52,35
582,80/58,28
58,28/58,28
250,00/25,00
25,00/25,00
120,75/12,08
12,08/12,08
STATEMENT OF PROFIT DISTRIBUTION
ANADOLU ANON‹M TÜRK S‹GORTA fi‹RKET‹ STATEMENT OF PROFIT DISTRIBUTION (TL IN MILLIONS)
CURRENT PERIOD
31.12.2003 (*)
A- DISTRIBUTION OF PROFIT FOR THE PERIOD
1- Profit for the Period
2- Losses of Previous Years (-)
3- Taxes Payable
4- First Legal Reserves
Distributable Net Profit for the Period
5- First Dividend to Shareholders
a) To Ordinary Shareholders
b) To Privileged Shareholders
6- Dividends to the Personnel
7- Dividends to the Board of Directors
8- M.C. Article 57
9- Second Dividend to Shareholders
10- Second Legal Reserves
11- Statutory Reserves
12- Extraordinary Reserves
13- Others Reserves
14- Special Reserves
B- DISTRIBUTION FROM RESERVES
C- PROFIT PER SHARE (TL/%)
1- To Ordinary Shareholders
2- To Privileged Shareholders
D- DIVIDEND PER SHARE (TL/%)
1- To Ordinary Shareholders
2- To Privileged Shareholders
PREVIOUS PERIOD
31.12.2002 (*)
59,433,887
(17,553,360)
(2,094,027)
39,786,500
(7,957,300)
(7,957,299)
(1)
77,454,175
(30,830,101)
(2,331,204)
44,292,870
(9,660,000)
(9,659,999)
(1)
(880,000)
(12,042,700)
(18,906,500)
-
(576,000)
(623,600)
(33,433,270)
-
-
-
523.51/52.35
52.35/52.35
582.80/58.28
58.28/58.28
250.00/25.00
25.00/25.00
120.75/12.08
12.08/12.08
(*) As approved by the General Assembly.
43
Global Reports LLC
BA⁄IMSIZ DENETÇ‹ RAPORU
ANADOLU ANON‹M TÜRK S‹GORTA fi‹RKET‹
1 OCAK 2003 - 31 ARALIK 2003 HESAP DÖNEM‹NE A‹T BA⁄IMSIZ DENET‹M RAPORU
1. Anadolu Anonim Türk Sigorta fiirketi’nin (fiirket) 31 Aral›k 2003 tarihi itibariyle haz›rlanan mali tablolar›n› denetlemifl bulunmaktay›z.
Rapor konusu mali tablolar fiirket yönetiminin sorumlulu¤undad›r. Ba¤›ms›z denetimi yapan kurulufl olarak üzerimize düflen
sorumluluk, denetlenen mali tablolar üzerinde görüfl bildirmektir.
2. Sermaye Piyasas› Kanunu’nun (VII.) bölüm, 50. maddesi (a) f›kras› hükmü uyar›nca sigorta flirketleri, kurulufl, denetim,
gözetim, muhasebe, mali tablo ve raporlama standartlar› konular›nda kendi özel kanunlar› hükümlerine tabidir. Dolay›s›yla iliflikteki
mali tablolar sigorta ve reasürans flirketlerinin tabi oldu¤u 7397 say›l› Sigorta Murakabe Kanunu esaslar›na göre haz›rlanm›flt›r.
3. Denetim, 7397 say›l› Sigorta Murakabe Kanunu uyar›nca yürürlü¤e konulan hesap ve kay›t düzeni ile muhasebe standartlar› ve
ba¤›ms›z denetim ilkelerine iliflkin düzenlemelere uygun olarak gerçeklefltirilmifltir. Bu düzenlemeler, ba¤›ms›z denetimin, mali
tablolarda önemli bir hatan›n olup olmad›¤› konusunda makul bir güvenceyi sa¤lamak üzere planlanmas› ve yürütülmesini
gerektirmektedir. Denetim, mali tablolarda yer alan tutar ve aç›klamalara iliflkin bilgi ve verilerin test edilerek incelenmesinin ve
do¤rulanmas›n›n yan›s›ra, uygulanan muhasebe standartlar›n›n ve yönetim taraf›ndan yap›lan önemli muhasebe tahminlerinin ve
mali tablolar›n bir bütün olarak sunumunun de¤erlendirilmesini içermektedir. Gerçeklefltirilen denetimin, görüflümüzün
oluflturulmas›na makul ve yeterli bir dayanak oluflturdu¤una inan›yoruz.
4. fiirket geçmifl dönemlerde di¤er serbest karfl›l›klar hesab› ad› alt›nda beklenmedik riskler için ihtiyatl›l›k prensipleri dahilinde
genel bir karfl›l›k ay›rm›flt›r. Ekli mali tablolarda, bu karfl›l›ktan önceki özkaynaklar 31 Aral›k 2003 tarihi itibariyle 161.670.136
milyon TL olarak gerçekleflmektedir. Cari dönemde böyle bir karfl›l›k ayr›lmad›¤› için söz konusu karfl›l›¤›n cari dönem kâr›na bir
etkisi bulunmamaktad›r.
5. Görüflümüze göre, yukar›da 4. paragrafta aç›klanan hususun mali tablolar üzerindeki muhtemel etkileri haricinde iliflikteki mali
tablolar, bütün önemli taraflar›yla, Anadolu Anonim Türk Sigorta fiirketi’nin 31 Aral›k 2003 tarihi itibariyle mali durumunu ve
ayn› tarihte sona eren döneme ait faaliyet sonuçlar›n› 7397 say›l› Sigorta Murakabe Kanunu gere¤ince yürürlükte bulunan
düzenlemelerde belirlenen muhasebe ilke ve standartlar›na uygun olarak do¤ru bir biçimde yans›tmaktad›r.
6. Görüflümüzü etkilememekle birlikte afla¤›daki hususa dikkat çekilmesi gerekli görülmüfltür:
Sermaye Piyasas› Kurulu (SPK), Seri XI No: 20 say›l› “Yüksek Enflasyon Dönemlerinde Mali Tablolar›n Düzeltilmesine ‹liflkin
Usul ve Esaslar Hakk›nda Tebli¤”i ve Seri XI No: 21 say›l› “Sermaye Piyasas›nda Konsolide Mali Tablolara ve ‹fltiraklerin
Muhasebelefltirilmesine ‹liflkin Usul ve Esaslar Hakk›nda Tebli¤”i 1 Ocak 2003 tarihinden sonra sona eren ilk y›ll›k mali tablolardan
geçerli olmak üzere yay›mlam›fl bulunmaktad›r. Ancak, T.C. Baflbakanl›k Hazine Müsteflarl›¤› taraf›ndan SPK’ya gönderilen 30 Ocak
2004 tarih ve B.02.HM.0.SGM.0.3.1.1-05425 say›l› yaz› ile Uluslararas› Finansal Raporlama Standartlar›na uygun sigortac›l›k
muhasebe sistemine 1 Ocak 2005 tarihinden itibaren geçilmesi planland›¤› ve halka aç›k olan ve olmayan sigorta flirketleri aras›nda
uygulama farklar›n›n ortadan kald›r›lmas› ve yeknesak raporlama düzeninin sa¤lanmas› amac›yla tüm sigorta flirketlerinin 1 Ocak
2005 tarihinden itibaren enflasyon muhasebesi uygulamas›na geçmelerine karar verildi¤i bildirilmifltir. Buna istinaden, ekte sunulan
mali tablolar, yüksek enflasyon dönemlerinde enflasyon muhasebesi ile konsolide mali tablolara ve ifltiraklerin muhasebelefltirilmesine
iliflkin düzeltmeleri içermemektedir.
DRT DENET‹M REV‹ZYON TASD‹K YEM‹NL‹ MAL‹ MÜfiAV‹RL‹K A.fi.
Member Firm of DELOITTE TOUCHE TOHMATSU
Zeki Kurtçu
Sorumlu Ortak Bafldenetçi
‹stanbul, 09 Mart 2004
44
Global Reports LLC
INDEPENDENT AUDITOR’S REPORT
ANADOLU ANON‹M TÜRK S‹GORTA fi‹RKET‹
INDEPENDENT AUDITOR’S REPORT FOR THE PERIOD 1 JANUARY 2003 – 31 DECEMBER 2003
1. We have audited the balance sheet of Anadolu Anonim Türk Sigorta fiirketi, prepared taking the date of December 31, 2003 into
consideration. The financial statements subject to the report is of the Company's responsibility.Being the corporation performing
the independent auditing, our responsibility is to declare our opinion about the audited balance sheet.
2. According to the paragraph (a) of the article 50 of the section (VII) of the Capital Market Law, insurance companies should conform
to their own specific laws and regulations regarding the matters of establishment, auditing, accounting and financial statement and
reporting standards. Therefore, the attached financial statements have been prepared in accordance with the Turkish Insurance
Inspection Law applicable to Insurance and Reinsurance companies.
3. We conducted our audit in accordance with standards on auditing and accounting as stated in Government Insurance Law, No. 7397
and the related pronouncements. Those standards require that the audit is planned and performed to obtain reasonable assurance
about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that
our audits provide a reasonable basis for our opinion.
4. In the accompanying financial statements, The Company provides a free provision for the possible losses under the caption of
“other free provision”. If the Company did not provide such provision, shareholders’ equity would be 161,670,136 million TL as
at 31 December 2003. Since there is no change in the provision, there is no effect on the current year income.
5. In our opinion, except for the possible effects of the matter discussed in paragraph 4, the accompanying financial statements present
fairly the financial position of the Company as at 31 December 2003 and results of its operations for the year then ended in
accordance with accounting principles set by Government Insurance Law, No. 7397.
6. Without qualifying our opinion we draw attention to the following:
The Capital Market Board (“CMB”) published communiques “XI, No:20 – Preparation of Financial Statements in Hyperinflationary
Periods” and “XI, No:21 – Consolidated Financial Statements and Accounting for Investments in Associates” which are effective
for annual financial statements for periods beginning on or after 1 January 2003. However, according to a letter sent by the
Undersecretariat of Treasury to the CMB (reference B.02.HM.0.SGM.0.3.1.1-05425, dated 30 January 2004), it has been
declared that accounting principles in compliance with International Financial Reporting Standards will be introduced in the
insurance industry on 1 January 2005 and, in order to prevent the differences in reporting standards among public and non-public
insurance companies, all insurance companies should start applying these standards on 1 January 2005. Accordingly, the accompanying
financial statements do not include the adjustments that would be necessary to account for the effects of inflation, consolidation
and investment in associates.
DRT DENET‹M REV‹ZYON TASD‹K
YEM‹NL‹ MAL‹ MÜfiAV‹RL‹K A.fi.
Member Firm of DELOITTE TOUCHE TOHMATSU
Zeki Kurtçu
Partner
‹stanbul, 9 March 2004
The accompanying financial statements are not intended to present the financial position and results of operations and cash flows in
accordance with accounting principles and practices generally accepted in countries and jurisdictions other than those in Turkey. The
standards, procedures and practices to audit the accompanying financial statements are those generally accepted and applied in Turkey.
45
Global Reports LLC
DENETÇ‹ RAPORU ÖZET‹
ANADOLU ANON‹M TÜRK S‹GORTA fi‹RKET‹ ORTAKLAR GENEL KURULU'NA
Unvan›
Merkezi
Sermayesi
Faaliyet Konusu
: Anadolu Anonim Türk Sigorta fiirketi
: ‹stanbul
: 80.000.000.000.000 TL
: Sigortac›l›k
- Denetçi veya Denetçilerin ad› ve görev
süreleri, ortak veya flirketin personeli
olup olmad›klar›
- Kat›l›nan Yönetim Kurulu ve yap›lan
Denetleme Kurulu toplant›lar› say›s›
: Mustafa ARCA 1 y›l, ortak veya personel de¤il.
Oktay EKE 1 y›l, ortak veya personel de¤il.
Cevdet SÖZD‹NLER 1 y›l, ortak veya personel de¤il.
: Her ay yap›lan Yönetim Kurulu toplant›lar›na kat›l›nm›flt›r.
- Ortakl›k hesaplar›, defter ve belgeleri üzerinde
yap›lan incelemenin kapsam›, hangi tarihlerde
inceleme yap›ld›¤› ve var›lan sonuç
: Üçer ayl›k ara bilanço dönemlerinde (Ocak, Nisan,
Temmuz, Ekim aylar›nda) hesap, defter ve belgeler
incelenmifl; usulüne uygun oldu¤u görülmüfltür.
- Türk Ticaret Kanunu'nun 353. maddesinin
1. f›kras›n›n 3 numaral› bendi gere¤ince
ortakl›k veznesinde yap›lan say›mlar›n say›s›
ve sonuçlar›
: Vezne Say›m Sonuçlar›: 4
Say›m Tarihleri:
31.03.2003 : 59.442.508.333 TL
30.06.2003 : 83.611.636.052 TL
30.09.2003 : 64.150.431.211 TL
31.12.2003 : 36.647.570.190 TL
- Türk Ticaret Kanunu'nun 353. maddesinin
1. f›kras›n›n 4 numaral› bendi gere¤ince
yap›lan inceleme tarihleri ve sonuçlar›
: Her ayki Yönetim Kurulu toplant›s›n› takiben yap›lan
incelemelerde ifllemlerin usulüne uygun oldu¤u tespit edilmifltir.
- ‹ntikal eden flikâyet ve yolsuzluklar ve
bunlar hakk›nda yap›lan ifllemler
: ‹ntikal eden flikâyet ve yolsuzluk yoktur.
Anadolu Anonim Türk Sigorta fiirketi’nin 1/1/2003 - 31/12/2003 dönemi hesap ve ifllemlerini Türk Ticaret Kanunu, ortakl›¤›n esas
sözleflmesi ve di¤er mevzuat ile genel kabul görmüfl muhasebe ilke ve standartlar›na göre incelemifl bulunmaktay›z.
Görüflümüze göre içeri¤ini benimsedi¤imiz ekli 31/12/2003 tarihi itibariyle düzenlenmifl bilanço, ortakl›¤›n an›lan tarihteki mali
durumunu; 1/1/2003 - 31/12/2003 dönemine ait gelir tablosu, an›lan döneme ait faaliyet sonuçlar›n› gerçe¤e uygun ve do¤ru olarak
yans›tmakta; kâr›n da¤›t›m› önerisi yasalara ve ortakl›k esas sözleflmesine uygun bulunmaktad›r.
Bilançonun ve gelir tablosunun onaylanmas›n› ve Yönetim Kurulu'nun ibra edilmesini teklif ederiz.
Denetçiler
Mustafa ARCA
Oktay EKE
Cevdet SÖZD‹NLER
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SUMMARY OF STATUTORY AUDITOR’S REPORT
TO THE GENERAL ASSEMBLY OF ANADOLU ANON‹M TÜRK S‹GORTA fi‹RKET‹
Company Name
Head Office
Capital
Sector
: Anadolu Anonim Türk Sigorta fiirketi
: ‹stanbul
: 80,000,000,000,000 TL
: Insurance
- Names of auditors, duration of service, and
nature of association with the Company
: Mr. Mustafa ARCA, one year, not an employee or shareholder.
Mr. Oktay EKE, one year, not an employee or shareholder.
Mr. Cevdet SÖZD‹NLER, one year, not an employee or shareholder.
- Number of meetings of the Board of Directors
attended and meetings of the Board of Auditors held : The auditors attended all the monthly Board of Directors meetings.
- Dates, extent and result of examination of
Company accounts, books and records
- Number and results of Company cash counts
conducted as required by Turkish Trade Law,
article 353, section 1.3
- Date and results of examinations as required
by Turkish Trade Law, article 353, section 1.4
- Any complaints or irregularities brought to
the auditors’s attention and the action taken
: Based on examinations of accounts, books and records,
conducted every three months (January, April, July and October),
it was determined that they were kept according to accepted procedures.
: Four cash counts were made.
Dates and results of cash counts:
31.03.2003 : 59,442,508,333 TL
30.06.2003 : 83,611,636,052 TL
30.09.2003 : 64,150,431,211 TL
31.12.2003 : 36,647,570,190 TL
: As a result of examinations of the Company records conducted subsequent to
monthly Board of Directors meetings, it was decided that the activities are in
accordance with accepted procedures.
: No complaints or irregularities were received.
We have audited the balance sheet and the statement of income of Anadolu Anonim Türk Sigorta fiirketi for the period between
01.01.2003 and 31.12.2003, in accordance with the Turkish Trade Law, the Company’s articles of association of foundation and other
legislation and in accordance with generally accepted accounting principles and standards.
In our opinion, the attached balance sheet drawn up on 31.12.2003 present fairly the financial position of the Company on the said
date and the statement of income for the period between 1.1.2003 and 31.12.2003 present fairly the results of the activities pertaining
to that period. The proposition for profit distribution was also found in accordance with legislation and the Company’s articles of
association of foundation.
We recommend that the balance sheet and the statement of income be approved and that the members of the Board of Directors be
acquitted of their fiduciary responsibilities for the accounts of 2003.
Auditors
Mustafa ARCA
Oktay EKE
Cevdet SÖZD‹NLER
47
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ADRESLER
ADDRESSES
Genel Müdürlük
Büyükdere Cad. ‹fl Kuleleri Kule-2 4.Levent, 34330 ‹stanbul
Tel: (212) 350 0 350 Faks: (212) 350 0 355
General Management
Büyükdere Cad. ‹fl Kuleleri Kule-2 4.Levent, 34330 ‹stanbul
Phone: (212) 350 0 350 Fax: (212) 350 0 355
Bak›rköy Bölge Müdürlü¤ü
Merter / ‹stanbul
Tel: (212) 482 95 55 Faks: (212) 350 0 120
Bak›rköy Regional Branch
Merter / ‹stanbul
Phone: (212) 482 95 55 Fax: (212) 350 0 120
Kad›köy Bölge Müdürlü¤ü
Kozyata¤› / ‹stanbul
Tel: (216) 571 88 00 Faks: (216) 571 88 48
Kad›köy Regional Branch
Kozyata¤› / ‹stanbul
Phone: (216) 571 88 00 Fax: (216) 571 88 48
fiiflli Bölge Müdürlü¤ü
fiiflli / ‹stanbul
Tel: (212) 219 05 70 Faks: (212) 350 0 180
fiiflli Regional Branch
fiiflli / ‹stanbul
Phone: (212) 219 05 70 Fax: (212) 350 0 180
Akdeniz Bölge Müdürlü¤ü
Antalya
Tel: (242) 248 26 80 (pbx) Faks: (242) 241 42 80
Akdeniz Regional Branch
Antalya
Phone: (242) 248 26 80 (pbx) Fax: (242) 241 42 80
Bat› Anadolu Bölge Müdürlü¤ü
‹zmir
Tel: (232) 483 51 45 Faks: (232) 489 06 85
Bat› Anadolu Regional Branch
‹zmir
Phone: (232) 483 51 45 Fax: (232) 489 06 85
Bat› Karadeniz Bölge Müdürlü¤ü
Karadeniz Ere¤lisi / Zonguldak
Tel: (372) 322 72 40 - 316 27 27 Faks: (372) 312 11 00
Bat› Karadeniz Regional Branch
Karadeniz Ere¤lisi / Zonguldak
Phone: (372) 322 72 40 - 316 27 27 Fax: (372) 312 11 00
Güney Anadolu Bölge Müdürlü¤ü
Adana
Tel: (322) 363 15 02 (4 hat) Faks: (322) 363 15 06
Güney Anadolu Regional Branch
Adana
Phone: (322) 363 15 02 (4 lines) Fax: (322) 363 15 06
‹ç Anadolu Bölge Müdürlü¤ü
Yeniflehir / Ankara
Tel: (312) 417 03 34 (pbx) Faks: (312) 425 80 39
‹ç Anadolu Regional Branch
Yeniflehir / Ankara
Phone: (312) 417 03 34 (pbx) Fax: (312) 425 80 39
Karadeniz Bölge Müdürlü¤ü
Trabzon
Tel: (462) 326 97 20 (2 hat) Faks: (462) 326 97 22
Karadeniz Regional Branch
Trabzon
Phone: (462) 326 97 20 (2 lines) Fax: (462) 326 97 22
Marmara Bölge Müdürlü¤ü
Bursa
Tel: (224) 211 13 30 (10 hat) Faks: (224) 211 13 45
Marmara Regional Branch
Bursa
Phone: (224) 211 13 30 (10 lines) Fax: (224) 211 13 45
K›br›s fiubesi
Lefkofla / KKTC
Tel: (392) 227 95 95 Faks: (392) 227 95 96
North Cyprus Office
Lefkofla / TRNC
Phone: (392) 227 95 95 Fax: (392) 227 95 96
Gaziantep ‹rtibat Bürosu
fiehitkamil / Gaziantep
Tel: (342) 230 06 20 Faks: (342) 231 37 20
Gaziantep Liaison Office
fiehitkamil / Gaziantep
Phone: (342) 230 06 20 Fax: (342) 231 37 20
48
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