MILLIRE_2019_Annual Report

Milli Re Annual Report 2019 168 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) 46 Subsequent events Subsequent events are disclosed in note 1.10 - subsequent events . 47 Other Items and amounts classified under the “other” account in financial statements either exceeding 20% of the total amount of the group to which they relate or 5% of the total assets in the balance sheet They are presented in the related notes above. Payables to employees and receivables from employees presented under accounts, “other receivables” and “other short or long term payables”, and which have balance more than 1% of the total assets None. Subrogation recorded in “Off-Balance Sheet Accounts” None. Real rights on immovable and their values None. Explanatory note for the amounts and nature of previous years’ income and losses None. Details of rediscount and provision expenses are as follows: Provision expenses December 31, 2019 December 31, 2018 Provision for impairment of securities - (356.186) Provision for pension fund deficits (8.480.143) (5.401.697) Provision expenses for doubtful receivables (*) (3.292.941) (7.378.591) Provision for employee termination benefits (Note 23) (962.177) (47.499) Other provision (345.425) (7.385) Total of provisions (13.080.686) (13.191.358) (*) The provision for doubtful receivables related to valuation of foreign currency denominated receivables from main operations. Rediscount Expenses December 31, 2019 December 31, 2018 Rediscount income/(expense) from reinsurance receivables (5.420) (2.542) Rediscount income/(expense) from reinsurance payables (293.745) (725.245) Total of rediscounts (299.165) (727.787)