MILLI RE 2020 ANNUAL REPORT

Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2020 (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) 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 159.108.115 (31 December 2019: TL 149.972.159) which is the part of other technical expenses in the income statement of amounting to TL 146.566.440 (31 December 2019: TL 140.222.386) is the assistance services, postponement of these amounts and their technical expenses. As of and for the year ended December 31, 2020 and 2019, details of discount and provision expenses are as follows: December 31, 2020 December 31, 2019 Provision expense for doubtful receivables (Note 4.2) (98.850.793) (67.539.019) Provision for pension fund deficits (Note 23) (16.344.100) (8.480.143) Provision expense for employee termination benefits (Note 23) (3.530.257) (2.331.085) Provision expenses for unused vacation (Note 23) (1.091.977) (505.886) Terminated provision income/(expense) 4.404.549 252.776 Other provision expenses (Note 4.2) 932.656 (362.689) Provision expenses (114.479.922) (78.966.046) December 31, 2020 December 31, 2019 Rediscount income/(expense) from main operations receivables 37.292.018 45.201.232 Rediscount income/(expense) from main operations payables (34.608.735) (39.824.588) Total of rediscounts 2.683.283 5.376.644 Financial Status Risks and Assessment of the Governing Body Unconsolidated Financial Statements Together with Independent Auditors’ Report Thereon Consolidated Financial Statements Together with Independent Auditors’ Report Thereon Milli Re Annual Report 2020 247