MILLIRE_2019_Annual Report

256 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) Up to date, as per the actuarial calculation performed, there has not been any deficit in Anadolu Anonim Türk Sigorta Şirketi Memurları Emekli Sandığı and Anadolu Sigorta has made no payment for this purpose. It is believed that the assets of this institution are adequate enough to cover its total obligations; therefore this shall not constitute any additional liability on Anadolu Sigorta. 23 Provision for 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 38.340.411 35.080.373 Provision for unused vacation 2.905.069 2.399.183 Total provision for other risks 94.462.435 82.216.368 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 35.080.373 29.233.214 Interest cost (Note 47) 4.280.225 3.073.462 Service cost (Note 47) 2.429.854 2.326.182 Payments during the period (Note 47) (4.378.995) (2.710.704) Actuarial gain/loss 928.954 3.158.219 Provision at the end of the period 38.340.411 35.080.373 24 Net insurance premium revenue Net insurance premium revenue for non-life branches is presented in detailed in the accompanying consolidated 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 asset Net realized gains on financial assets are presented in Note 4.2 - Financial risk management . 28 Assets held at fair value through profit or loss Presented in “ Note 4.2 - Financial Risk Management”.