MILLIRE_2019_Annual Report

232 Milli Re Annual Report 2019 Millî Reasürans Türk Anonim Şirketi NOTES TO THE CONSOLIDATED 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) Gain and losses from financial assets Gains and losses recognized in the statement of income, net: December 31, 2019 December 31, 2018 Interest income from bank deposits 496.992.303 461.155.750 Foreign exchange gains 489.708.640 901.481.239 Interest income from debt securities classified as available-for-sale financial assets 102.941.894 3.789.449 Gains transferred from the statement of equity to the statement of income on disposal of available for sale financial assets ( Note 15) (3.674.113) 78.640.548 Income from derivative transactions 497.591.796 297.457.026 Income from participates 75.745.271 53.479.268 Interest income from debt securities classified as held to maturity financial investments - - Income from debt securities classified as held for trading financial assets 10.167.315 19.054.279 Interest income from debt securities classified as held for trading financial assets - - Income from equity shares 5.875.210 19.950.973 Interest income from repos 53.026 613.305 Income from subsidiaries 309.134 255.858 Income from investment funds 30.033.219 55.909.817 Other 10.599.975 2.913.533 Income from investment funds reclassified as available for sale financial assets 54.171.828 43.440.441 Investment income 1.770.515.498 1.938.141.486 Loss from derivative transactions (30.741.125) (66.177.031) Foreign exchange losses (206.389.927) (488.165.142) Loss from valuation of financial assets (4.981.343) (8.864.845) Loss from disposal of financial assets (63.644.857) (47.588.465) Investment management expenses (including interest) (38.276.163) (2.012.996) Investment expenses (344.033.415) (612.808.479) Investment income, net 1.426.482.083 1.325.333.007 Financial gains and losses recognized in equity, net:: 31 December 2019 31 December 2018 Fair value changes in available for sale financial assets (Note 15) 134.193.645 (12.664.199) Gains transferred from the statement of equity to the statement of income on disposal of available for sale financial assets ( Note 15) 3.674.113 (78.640.548) Total 137.867.758 (91.304.747)