ASSETS I Current Assets A Cash and Cash Equivalents 14 2.914.657.400 2.304.904.212 1 Cash 14 49.481 18.864 2 Cheques Received 3 Banks 14 2.517.458.090 1.937.834.876 4 Cheques Given and Payment Orders 14 (102.223) (125.585) 5 Bank Guaranteed Credit Card Receivables with Maturities Less Than Three Months 14 397.252.052 367.176.057 6 Other Cash and Cash Equivalents B Financial Assets and Financial Investments with Risks on Policyholders 11 678.022.200 680.812.513 1 AvailableforSale Financial Assets 11 549.714.766 569.121.106 2 Held to Maturity Investments 11 15.212.947 15.555.214 3 Financial Assets Held for Trading 11 113.190.429 96.232.135 4 Loans and Receivables 5 Provision for Loans and Receivables 6 Financial Investments with Risks on Saving Life Policyholders 7 Company s Own Equity Shares 8 Diminution in Value of Financial Investments 11 (95.942) (95.942) C Receivables from Main Operations 12 893.818.854 928.282.683 1 Receivables from Insurance Operations 12 816.253.772 869.275.449 2 Provision for Receivables from Insurance Operations 2.21,12 (7.763.094) (8.305.178) 3 Receivables from Reinsurance Operations 12 77.740.012 59.472.101 4 Provision for Receivables from Reinsurance Operations 5 Cash Deposited to Insurance and Reinsurance Companies 12 7.588.164 7.840.311 6 Loans to the Policyholders 7 Provision for Loans to the Policyholders 8 Receivables from Individual Pension Operations 9 Doubtful Receivables from Main Operations 12 172.673.474 150.758.235 10 Provision for Doubtful Receivables from Main Operations 12 (172.673.474) (150.758.235) D Due from Related Parties 1 Due from Shareholders 2 Due from Associates 3 Due from Subsidiaries 4 Due from Joint Ventures 5 Due from Personnel 6 Due from Other Related Parties 7 Rediscount on Receivables from Related Parties 8 Doubtful Receivables from Related Parties 9 Provision for Doubtful Receivables from Related Parties E Other Receivables 12 17.089.467 10.378.575 1 Finance Lease Receivables 2 Unearned Finance Lease Interest Income 3 Deposits and Guarantees Given 356.931 357.920 4 Other Miscellaneous Receivables 16.732.536 10.020.655 5 Rediscount on Other Miscellaneous Receivables 6 Other Doubtful Receivables 7 Provision for Other Doubtful Receivables F Prepaid Expenses and Income Accruals 329.002.026 280.651.377 1 Prepaid Expenses 17 320.770.811 275.073.222 2 Accrued Interest and Rent Income 3 Income Accruals 10,12 8.189.954 5.577.825 4 Other Prepaid Expenses 41.261 330 G Other Current Assets 11.225.865 23.705.128 1 Stocks to be Used in the Following Months 502.857 1.049.275 2 Prepaid Taxes and Funds 19 8.758.595 22.398.667 3 Deferred Tax Assets 4 Job Advances 12 756.734 253.035 5 Advances Given to Personnel 12 1.207.679 4.151 6 Inventory Count Differences 7 Other Miscellaneous Current Assets 12 8 Provision for Other Current Assets I Total Current Assets 4.843.815.812 4.228.734.488
ASSETS II NonCurrent Assets A Receivables from Main Operations 1 Receivables from Insurance Operations 2 Provision for Receivables from Insurance Operations 3 Receivables from Reinsurance Operations 4 Provision for Receivables from Reinsurance Operations 5 Cash Deposited for Insurance and Reinsurance Companies 6 Loans to the Policyholders 7 Provision for Loans to the Policyholders 8 Receivables from Individual Pension Business 9 Doubtful Receivables from Main Operations 10 Provision for Doubtful Receivables from Main Operations B Due from Related Parties 1 Due from Shareholders 2 Due from Associates 3 Due from Subsidiaries 4 Due from Joint Ventures 5 Due from Personnel 6 Due from Other Related Parties 7 Rediscount on Receivables from Related Parties 8 Doubtful Receivables from Related Parties 9 Provision for Doubtful Receivables from Related Parties C Other Receivables 2.475.613 2.207.981 1 Finance Lease Receivables 2 Unearned Finance Lease Interest Income 3 Deposits and Guarantees Given 4 Other Miscellaneous Receivables 2.839.780 2.839.780 5 Rediscount on Other Miscellaneous Receivables (364.167) (631.799) 6 Other Doubtful Receivables 7 Provision for Other Doubtful Receivables D Financial Assets 9 430.860.000 495.280.000 1 Investments in Equity Shares 2 Investments in Associates 9 430.860.000 495.280.000 3 Capital Commitments to Associates 4 Investments in Subsidiaries 5 Capital Commitments to Subsidiaries 6 Investments in Joint Ventures 7 Capital Commitments to Joint Ventures 8 Financial Assets and Financial Investments with Risks on Policyholders 9 Other Financial Assets 10 Impairment in Value of Financial Assets E Tangible Assets 6 94.198.917 90.862.004 1 Investment Properties 6,7 54.287.843 54.343.600 2 Impairment for Investment Properties 3 Owner Occupied Property 6 11.596.124 11.532.400 4 Machinery and Equipments 6 46.886.671 41.909.394 5 Furniture and Fixtures 6 13.638.883 12.253.700 6 Motor Vehicles 6 619.736 619.736 7 Other Tangible Assets (Including Leasehold Improvements) 6 22.929.866 20.322.655 8 Tangible Assets Acquired Through Finance Leases 6 3.868.337 4.166.354 9 Accumulated Depreciation 6 (59.628.543) (54.285.835) 10 Advances Paid for Tangible Assets (Including Construction in Progress) F Intangible Assets 8 54.093.816 52.009.300 1 Rights 2 Goodwill 8 16.250.000 16.250.000 3 Preoperating Expenses 4 Research and Development Costs 5 Other Intangible Assets 8 94.954.503 93.201.169 6 Accumulated Amortization 8 (78.949.221) (66.877.216) 7 Advances Paid for Intangible Assets 8 21.838.534 9.435.347 G Prepaid Expenses and Income Accruals 17 3.239.211 5.221.880 1 Prepaid Expenses 17 3.239.211 5.221.880 2 Income Accruals 3 Other Prepaid Expenses and Income Accruals H Other NonCurrent Assets 21 15.905.306 13.229.325 1 Effective Foreign Currency Accounts 2 Foreign Currency Accounts 3 Stocks to be Used in the Following Years 4 Prepaid Taxes and Funds 5 Deferred Tax Assets 21 15.905.306 13.229.325 6 Other Miscellaneous NonCurrent Assets 7 Amortization on Other NonCurrent Assets 8 Provision for Other NonCurrent Assets II Total NonCurrent Assets 600.772.863 658.810.490 TOTAL ASSETS 5.444.588.675 4.887.544.978
LIABILITIES III Short Term Liabilities A Financial Liabilities 210.669.647 1 Borrowings from Financial Institutions 2 Finance Lease Liabilities 3 Deferred Leasing Costs 4 Current Portion of Long Term Debts 5 Principal Instalments and Interests on Bonds Issued 6 Other Financial Assets Issued 7 Valuation Differences of Other Financial Assets Issued 8 Other Financial Liabilities 210.669.647 B Payables Arising from Main Operations 19 340.232.521 339.189.344 1 Payables Arising from Insurance Operations 19 236.473.248 226.165.931 2 Payables Arising from Reinsurance Operations 3 Cash Deposited by Insurance and Reinsurance Companies 10,19 5.703.468 4.365.775 4 Payables Arising from Individual Pension Business 5 Payables Arising from Other Main Operations 19 98.055.805 108.657.638 6 Discount on Payables from Other Main Operations C Due to Related Parties 55.491 92.190 1 Due to Shareholders 2 Due to Associates 3 Due to Subsidiaries 4 Due to Joint Ventures 5 Due to Personnel 55.491 92.190 6 Due to Other Related Parties D Other Payables 19 61.353.464 60.481.800 1 Deposits and Guarantees Received 4.666.967 3.177.561 2 Medical Treatment Payables to Social Security Institution 27.089.683 27.524.238 3 Other Miscellaneous Payables 29.980.935 30.287.110 4 Discount on Other Miscellaneous Payables (384.121) (507.109) E Insurance Technical Provisions 17 3.595.740.269 2.844.320.564 1 Reserve for Unearned Premiums Net 17 1.717.506.201 1.451.927.808 2 Reserve for Unexpired Risks Net 2.26,17 570.510 6.485.214 3 Mathematical Provisions Net 4 Provision for Outstanding Claims Net 17 1.877.663.558 1.385.907.542 5 Provision for Bonus and Discounts Net 6 Other Technical Provisions Net F Provisions for Taxes and Other Similar Obligations 19 28.241.830 37.087.955 1 Taxes and Funds Payable 24.715.016 34.487.522 2 Social Security Premiums Payable 3.526.814 2.600.433 3 Overdue, Deferred or By Instalment Taxes and Other Liabilities 4 Other Taxes and Similar Payables 5 Corporate Tax Payable 35 17.662.367 1.769.959 6 Prepaid Taxes and Other Liabilities Regarding Current Period Income (17.662.367) (1.769.959) 7 Provisions for Other Taxes and Similar Liabilities G Provisions for Other Risks 1 Provision for Employee Termination Benefits 2 Provision for Pension Fund Deficits 3 Provisions for Costs H Deferred Income and Expense Accruals 89.649.609 87.824.309 1 Deferred Income 19 54.647.695 54.739.019 2 Expense Accruals 23 35.001.914 33.076.660 3 Other Deferred Income and Expense Accruals 8.630 I Other ShortTerm Liabilities 23 1.521.590 1.492.709 1 Deferred Tax Liabilities 2 Inventory Count Differences 3 Other Various ShortTerm Liabilities 23 1.521.590 1.492.709 III Total ShortTerm Liabilities 4.116.794.774 3.581.158.518
LIABILITIES IV Long Term Liabilities A Financial Liabilities 1 Borrowings from Financial Institutions 2 Finance Lease Liabilities 3 Deferred Leasing Costs 4 Bonds Issued 5 Other Financial Assets Issued 6 Valuation Differences of Other Financial Assets Issued 7 Other Financial Liabilities B Payables Arising from Main Operations 1 Payables Arising from Insurance Operations 2 Payables Arising from Reinsurance Operations 3 Cash Deposited by Insurance and Reinsurance Companies 4 Payables Arising from Individual Pension Business 5 Payables Arising from Other Operations 6 Discount on Payables from Other Operations C Due to Related Parties 1 Due to Shareholders 2 Due to Associates 3 Due to Subsidiaries 4 Due to Joint Ventures 5 Due to Personnel 6 Due to Other Related Parties D Other Payables 1 Deposits and Guarantees Received 2 Medical Treatment Payables to Social Security Institution 3 Other Miscellaneous Payables 4 Discount on Other Miscellaneous Payables EInsurance Technical Provisions 17 107.706.930 89.248.488 1 Reserve for Unearned Premiums Net 2 Reserve for Unexpired Risks Net 3 Mathematical Provisions Net 4 Provision for Outstanding Claims Net 5 Provision for Bonus and Discounts Net 6 Other Technical Provisions Net 17 107.706.930 89.248.488 FOther Liabilities and Relevant Accruals 1 Other Liabilities 2 Overdue, Deferred or By Instalment Taxes and Other Liabilities 3 Other Liabilities and Expense Accruals G Provisions for Other Risks 23 17.561.103 15.244.930 1 Provision for Employee Termination Benefits 23 17.561.103 15.244.930 2 Provision for Pension Fund Deficits HDeferred Income and Expense Accruals 1 Deferred Income 2 Expense Accruals 3 Other Deferred Income and Expense Accruals I Other LongTerm Liabilities 1 Deferred Tax Liabilities 2 Other LongTerm Liabilities IV Total LongTerm Liabilities 125.268.033 104.493.418
SHAREHOLDERS'S EQUITY V Shareholders's Equity A Paid in Capital 500.000.000 500.000.000 1 (Nominal) Capital 2.13,15 500.000.000 500.000.000 2 Unpaid Capital 3 Positive Capital Restatement Differences 4 Negative Capital Restatement Differences 5 Register in Progress Capital B Capital Reserves 15 28.428.903 25.887.403 1 Share Premiums 2 Cancellation Profits of Equity Shares 3 Profit on Asset Sales That Will Be Transferred to Capital 4 Currency Translation Adjustments 5 Other Capital Reserves 15 28.428.903 25.887.403 C Profit Reserves 582.304.380 580.597.470 1 Legal Reserves 15 37.374.983 34.311.746 2 Statutory Reserves 15 17.547.144 11.726.993 3 Extraordinary Reserves 15 113.109.907 60.728.553 4 Special Funds 5 Revaluation of Financial Assets 15 371.105.733 430.663.565 6 Other Profit Reserves 15 43.166.613 43.166.613 D Retained Earnings 31.601.927 31.601.927 1 Retained Earnings 31.601.927 31.601.927 E Accumulated Losses 1 Accumulated Losses FNet Profit/(Loss) for the Period 60.190.658 63.806.242 1 Net Profit for the Period 60.175.564 61.264.743 2 Net Loss for the Period 3 Profit not Available for Distribution 15 15.094 2.541.499 V Total Equity 1.202.525.868 1.201.893.042 TOTAL EQUITY AND LIABILITIES 5.444.588.675 4.887.544.978
DETAILED INCOME STATEMENT 01/01/2016 30/09/2016 01/01/2015 30/09/2015 01/07/2016 30/09/2016 01/07/2015 30/09/2015 A NonLife Technical Income 2.562.467.393 2.123.474.727 906.337.584 756.136.483 1 Earned Premiums (Net of Reinsurer Share) 2.303.165.298 1.861.091.153 826.014.704 647.142.215 1.1 Written Premiums (Net of Reinsurer Share) 17 2.562.828.988 2.018.081.192 630.999.511 648.509.475 1.1.1 Gross Premiums 17 3.312.471.602 2.597.634.499 872.899.572 809.478.074 1.1.2 Premiums Assigned to Reinsurer () 10, 17 (631.348.640) (507.566.078) (214.810.377) (135.258.687) 1.1.3 Premiums Assigned to Socail Security Institution () (118.293.974) (71.987.229) (27.089.684) (25.709.912) 1.2 Change in Unearned Premium Provisions (Net of Reinsurers Shares and Reserves Carried Forward) (+/) 17, 29 (265.578.394) (194.243.663) 184.115.279 (2.594.021) 1.2.1 Unearned Premium Provisions () 17 (301.999.038) (217.181.460) 215.033.164 38.526.689 1.2.2 Unearned Premium Provisions Assigned to Reinsurer 17 11.101.745 9.023.423 (21.421.041) (45.842.373) 1.2.3 Unearned Premium Provisions Assigned to Socail Security Institution 25.318.899 13.914.374 (9.496.844) 4.721.663 1.3 Changes in Unexpired Risk Reserves (Net of Reinsurer Share and Reserves Carried Forward)(+/) 29 5.914.704 37.253.624 10.899.914 1.226.761 1.3.1 Unexpired Risk Reserves () 13.841.481 44.940.730 14.072.130 2.966.323 1.3.2 Unexpired Risk Reserves Assigned to Reinsurer() (7.926.777) (7.687.106) (3.172.216) (1.739.562) 2 Investment Income Transfered from NonTechnical Divisions 245.755.996 224.877.072 72.434.259 86.871.815 3 Other Technical Income (Net of Reinsurer Share) 2.932.517 4.924.721 856.761 842.539 3.1 Other Technical Income gross 2.932.517 4.924.721 856.761 842.539 3.2 Other Technical Income ceded 4 Accured Salvage nd Subrogation Income 10.613.582 32.581.781 7.031.860 21.279.914 B NonLife Technical Expense () (2.451.171.247) (2.047.397.980) (886.926.989) (721.366.877) 1 Realized Claims (Net of Reinsurer Share) 17 (1.819.463.223) (1.544.429.974) (657.902.563) (546.857.118) 1.1 Claims Paid (Net of Reinsurer Share) 17, 29 (1.327.707.207) (1.174.743.144) (406.973.679) (367.301.610) 1.1.1 Claims Paid () 17 (1.619.844.070) (1.337.755.537) (452.438.600) (422.089.553) 1.1.2 Claims Paid Assigned to Reinsurer 10, 17 292.136.863 163.012.393 45.464.921 54.787.943 1.2 Changes in Outstanding Claims Provisions (Net of Reinsurer Share and Reserves Carried Forward) (+/) 17, 29 (491.756.016) (369.686.830) (250.928.884) (179.555.508) 1.2.1 Outstanding Claims Provisions () 17 (474.802.580) (566.939.375) (352.332.647) (193.817.539) 1.2.2 Outstanding Claims Provisions Assigned to Reinsurer 17 (16.953.436) 197.252.545 101.403.763 14.262.031 2 Changes in Bonus and Discount Provisions (Net of Reinsurer Share and Reserves Carried Forward) (+/) 2.1 Bonus and Discount Provisions () 2.2 Bonus and Discount Provisions Assigned to Reinsurer (+) 3 Changes in Other Technical Reserves (Net of Reinsurer Share and Reserves Carried Forward) (+/) 29 (18.458.442) (13.747.866) (5.260.366) (4.615.297) 4 Operating Expenses () 32 (533.268.004) (444.700.983) (196.254.642) (153.597.473) 5 Change in Mathematical Provisions 5.1 Change in Mathematical Provisionsgross 5.2 Change in Mathematical Provisionsceded 6 Change in Other Technical Provisions 2.25 (79.981.578) (44.519.157) (27.509.418) (16.296.989) 6.1 Change in Other Technical Provisionsgross 2.25 (79.981.578) (44.519.157) (27.509.418) (16.296.989) 6.2 Change in Other Technical Provisionsceded C Non Life Technical Profit (AB) 111.296.146 76.076.747 19.410.595 34.769.606 C Non Life Technical Profit 111.296.146 76.076.747 19.410.595 34.769.606 J Total Technical Profit (C) 111.296.146 76.076.747 19.410.595 34.769.606 K Investment Income 314.008.273 296.883.342 107.739.165 114.003.276 1 Income From Financial Investments 4.2 186.327.594 120.561.929 62.837.205 44.395.005 2 Income from Sales of Financial Assets 4.2 7.418.638 6.826.542 2.895.618 2.360.179 3 Revaluation of Financial Assets 4.2 35.990.749 32.500.900 11.468.076 9.689.804 4 Foreign Exchange Gains 4.2 55.796.308 113.096.668 29.310.834 57.074.545 5 Dividend Income from Affiliates 4.2 24.000.000 18.000.000 6 Income form Subsidiaries and Joint Ventures 7 Real Estate Income 1.268.757 4.800.234 426.074 412.702 8 Income from Derivative Instruments 4.2 3.206.227 674.700 801.358 9.285 9 Other Investments 422.369 61.756 10 Investment Income transferred from Life Technical Division L Investment Expenses () (332.129.340) (311.441.297) (102.871.109) (122.925.152) 1 Investment Management Expenses (including interest) () 4.2 (564.127) (188.781) 2 Valuation Allowance of Investments () 4.2 (1.555.608) (3.767.120) 774.102 (2.726.681) 3 Losses On Sales of Investments () 4.2 (12.691.689) (4.957.451) (3.600.262) (2.147.344) 4 Investment Income Transferred to Non Life Technical Division () (245.755.996) (224.877.072) (72.434.259) (86.871.815) 5 Losses from Derivative Instruments () 4.2 (2.497.957) (74.638) (371.575) (34.548) 6 Foreign Exchange Losses () 4.2 (49.529.996) (54.384.792) (20.557.245) (23.374.078) 7 Depreciation Expenses () 6, 8 (19.533.967) (23.380.224) (6.493.089) (7.770.686) 8 Other Investment Expenses () M Other Income and Expenses (+/) (15.322.054) (18.460.908) (6.855.976) (18.976.449) 1 Reserves (Provisions) account (+/) 47 (22.713.187) (19.102.433) (6.821.419) (14.307.309) 2 Rediscount account (+/) 47 (468.346) 303.389 1.118.530 (1.727.569) 3 Mandatory Earthquake Insurance Account (+/) 4 Inflation Adjustment Account (+/) 5 Deferred Tax Asset Accounts(+/) 35 5.897.905 (880.651) 6 Deferred Tax Liability Expense (+/) 35 (4.449.983) (3.119.643) 7 Other Income and Revenues 2.724.126 5.422.446 243.087 417.675 8 Other Expense and Losses () (762.552) (634.327) (515.523) (239.603) 9 Prior Period Income 10 Prior Period Losses () N Net Profit / (Loss) 60.190.658 43.057.884 13.615.877 6.871.281 1 Profit /(Loss) Before Tax 77.853.025 43.057.884 17.422.675 6.871.281 2 Taxes Provisions () 35 (17.662.367) (3.806.798) 3 Net Profit (Loss) after Tax 60.190.658 43.057.884 13.615.877 6.871.281 4 Inflation Adjustment Account (+/)
Previous Period Paidin Capital Own Shares of the Company STATEMENT OF CHANGES IN EQUITY (30/09/2015) Revaluation of Financial Assets Inflation Adjustments Currency Translation Adjustments Legal Reserves Statutory Reserves Other Reserves and Retained Earnings Net Profit / (Loss) Retained Earnings Total I Balance at the end of the previous year 31.12.2014 500.000.000 336.666.816 30.779.762 7.262.220 73.564.468 71.699.601 31.462.272 1.051.435.139 II Change in Accounting Standards III Restated balances (I+II) 1.1.2015 500.000.000 336.666.816 30.779.762 7.262.220 73.564.468 71.699.601 31.462.272 1.051.435.139 A Capital increase (A1+A2) 1 In cash 2 From reserves B Purchase of own shares C Gains or losses that are not included in the statement of income D Change in the value of financial assets 11, 15 30.031.451 15.358.503 105.758 45.495.712 E Currency translation adjustments F Other gains or losses (139.655) 139.655 G Inflation adjustment differences H Net profit for the period 43.057.884 43.057.884 I Dividends paid 2.23 (22.459.965) (22.459.965) J Transfers to reserves 15 3.531.984 4.464.773 41.103.224 (49.099.981) II Balance at the end of the period 30.06.2015 500.000.000 366.698.267 34.311.746 11.726.993 130.026.195 43.057.884 31.707.685 1.117.528.770 Current Period Paidin Capital Own Shares of the Company STATEMENT OF CHANGES IN EQUITY (30/09/2016) Revaluation of Financial Assets Inflation Adjustments Currency Translation Adjustments Legal Reserves Statutory Reserves Other Reserves and Retained Earnings Net Profit / (Loss) Retained Earnings Total I Balance at the end of the previous year 31.12.2015 500.000.000 430.663.565 34.311.746 11.726.993 129.782.569 63.806.242 31.601.927 1.201.893.042 II Change in Accounting Standards III Restated balances (I+II) 1.1.2016 500.000.000 430.663.565 34.311.746 11.726.993 129.782.569 63.806.242 31.601.927 1.201.893.042 A Capital increase (A1+A2) 1 In cash 2 From reserves B Purchase of own shares C Gains or losses that are not included in the statement of income D Change in the value of financial assets 11, 15 (59.557.832) (59.557.832) E Currency translation adjustments F Other gains or losses G Inflation adjustment differences H Net profit for the period 60.190.658 60.190.658 I Dividends paid J Transfers to reserves 15 3.063.237 5.820.151 54.922.854 (63.806.242) II Balance at the end of the period 30.06.2016 500.000.000 371.105.733 37.374.983 17.547.144 184.705.423 60.190.658 31.601.927 1.202.525.868
CASH FLOW STATEMENT 01/01/2016 30/09/2016 01/01/2015 30/09/2015 A Cash flows from operating activities 1 Cash provided from insurance activities 3.713.327.191 2.765.784.528 2 Cash provided from reinsurance activities 252.147 3 Cash provided from individual pension business 4 Cash used in insurance activities (3.055.361.740) (2.480.179.748) 5 Cash used in reinsurance activities (18.267.911) (41.826.700) 6 Cash used in individual pension business 7 Cash provided by operating activities 639.949.687 243.778.080 8 Interest paid 3.580.842 9 Income taxes paid 19 13.640.072 (15.897.350) 10 Other cash inflows 9.747.112 47.342.541 11 Other cash outflows (308.306.499) (6.345.445) 12Net cash provided by operating activities 355.030.372 272.458.668 B Cash flows from investing activities 1 Proceeds from disposal of tangible assets 353.774 68.507 2 Acquisition of tangible assets 6, 8 (25.176.649) (15.089.297) 3 Acquisition of financial assets 11 (487.565.329) (308.586.094) 4 Proceeds from disposal of financial assets 418.795.749 393.673.693 5 Interests received 294.154.826 88.697.862 6 Dividends received 24.000.000 18.000.000 7 Other cash inflows 60.041.323 116.729.356 8 Other cash outflows (373.832.189) (459.689.761) 9 Net cash provided by investing activities (89.228.495) (166.195.734) C Cash flows from financing activities 1 Equity shares issued 2 Cash provided from loans and borrowings 3 Finance lease payments 4 Dividends paid (22.459.965) 5 Other cash inflows 6 Other cash outflows 7 Net cash used in financing activities (22.459.965) D Effect of exchange rate fluctuations on cash and cash equivalents 1.515.762 6.198.506 E Net increase in cash and cash equivalents 267.317.639 90.001.475 F Cash and cash equivalents at the beginning of the year 14 1.670.201.689 1.043.729.224 G Cash and cash equivalents at the end of the year 14 1.937.519.328 1.133.730.699