MILLIRE_2019_Annual Report

Milli Re Annual Report 2019 160 Millî Reasürans Türk Anonim Şirketi NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2019 (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) 23 Other liabilities and expense accruals As of December 31, 2019 and 2018; the provisions for other risks are disclosed as follows: December 31, 2019 December 31, 2018 Provision for pension fund deficits (Note 22) 53.216.955 44.736.812 Provision for employee termination benefits 11.041.790 9.224.292 Total provision for other risks 64.258.745 53.961.104 Movement of provision for employee termination benefits during the period is presented below: December 31, 2019 December 31, 2018 Provision at the beginning of the period 9.224.292 8.293.551 Interest cost (Note 47) 1.255.064 665.401 Service cost (Note 47) 632.523 528.850 Payments during the period (Note 47) (925.410) (1.146.752) Actuarial gain/loss 855.321 883.242 Provision at the end of the period 11.041.790 9.224.292 24 Net insurance premium revenue Net insurance premium revenue for non-life branches is presented in detailed in the accompanying unconsolidated statement of income. 25 Fee revenue None. 26 Investment income Investment income is presented in Note 4.2 - Financial risk management . 27 Net income accrual on financial assets Net realized gains on financial assets are presented in Note 4.2 - Financial risk management . 28 Asset held at fair value through profit or loss Presented in “Note 4.2 - Financial Risk Management”.