44. Other liabilities

Other liabilities 31 December 2016 31 December 2015
Accrued costs 1,192 1,008
Accrued costs of brokers’ commissions 301 272
Accrued costs of sales commission in group insurance 10 11
Accrued remuneration costs 170 114
Accrued costs from reinsurance 432 412
Accrued employee bonuses 149 86
Other 130 113
Deferred income 152 117
Other liabilities 3,653 2,445
Direct insurance liabilities 849 696
Reinsurance liabilities 133 97
Current income tax liabilities 225 69
Liabilities to the State Budget, other than due to income tax 56 34
Public legal settlements 67 52
Liabilities to employees 1) 165 9
Insurance Guarantee Fund 16 11
Liabilities arising from financial instrument transactions 932 366
Liabilities from acquisition of third tranche of shares of Alior Bank - 342
Trade payables to suppliers 91 122
Estimated non-insurance liabilities 119 176
Liabilities towards banks due to payment instruments cleared by the National Clearing House 593 184
Estimated returns of remuneration resulting from Alior Bank clients resigning or withdrawing from the insurance policies concluded during sale of credit products 71 94
Liabilities of Alior Bank due to banking product insurance offered to the clients of the bank 23 67
Direct claims handling liabilities 13 11
Liabilities from debit cards settlements 65 5
Liabilities from non-market lease agreements 38 29
Liabilities from donations 34 -
Other 163 81
Total other liabilities 4,997 3,570
other_liabilities_pzu2016.xlsx

1) Increase in accrued remuneration costs and liabilities to employees results mainly from prices related to realization of the acquisition of Bank BPH accrued by Alior Bank.

As at 31 December 2016 and 31 December 2015 the fair value of other liabilities did not differ substantially from their carrying amount, mainly due to the fact that over 90% of them are short-term liabilities.

Liabilities by maturity 31 December 2016 31 December 2015
Up to 1 year 4,814 3,500
Over 1 year and up to 5 years 181 61
Over 5 years 2 9
Total liabilities by maturity 4,997 3,570
liabilities_by_maturity_pzu2016.xlsx

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