MILLIRE_2019_Annual Report

264 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) 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. Information about the other technical expenses in the income statement The amounting to TL 140.222.386 (31 December 2018: TL 139.447.460) which is the part of other technical expenses in the income statement of amounting to TL 149.972.159 (31 December 2018: TL 145.297.383) is the assistance services, postponement of these amounts and their technical expenses. As of and for the year ended December 31, 2019 and 2018, details of discount and provision expenses are as follows: December 31, 2019 December 31, 2018 Provision expense for doubtful receivables (Note 4.2) (67.539.019) (78.512.916) Provision for pension fund deficits (Note 23) (8.480.143) (5.401.697) Provision expense for employee termination benefits (Note 23) (2.331.085) (2.688.940) Provision expenses for unused vacation (Note 23) (505.886) (520.275) Terminated provision income/(expense) 252.776 8.425.669 Other provision expenses (Note 4.2) (362.689) (5.166.283) Impairment loss on financial assets - (356.186) Provision expenses (78.966.046) (84.220.628) December 31, 2019 December 31, 2018 Rediscount income/(expense) from main operations receivables 45.201.232 33.824.128 Rediscount income/(expense) from main operations payables (39.824.588) (44.229.349) Total of rediscounts 5.376.644 (10.405.221)