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46. Other liabilities

Annual Report 2018 > RESULTS 2018 > Supplementary Information and Notes > 46. Other liabilities
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Other liabilities 31 December 2018 31 December 2017 (restated)
Accrued expenses 1,578 1,462
Accrued expenses of agency commissions 361 336
Accrued sales commission expenses in group insurance 2 8
Accrued payroll expenses 192 160
Accrued reinsurance expenses 373 367
Accrued employee bonuses 345 320
Other 305 271
Deferred revenue 282 354
Other liabilities 5,547 7,280
Liabilities due under transactions on financial instruments 909 1,772
Liabilities to banks for payment documents cleared in interbank clearing systems 934 2,125
Liabilities on direct insurance 835 840
Liabilities on account of payment card settlements 419 437
Regulatory settlements 165 151
Liabilities for contributions to the Bank Guarantee Fund 182 80
Reinsurance liabilities 269 140
Estimated non-insurance liabilities 157 126
Liabilities to employees 141 163
Estimated refunds of compensation in connection with banks’ clients lapsing or withdrawing from insurance purchased during the sale of credit products 98 121
Trade liabilities 367 320
Current income tax liabilities 570 421
Liabilities to the state budget other than for income tax 111 110
Liabilities on account of donations 25 28
Liabilities on account of non-market lease contracts 4 14
Alior Bank’s liabilities for insurance of bank products offered to the bank’s clients 20 17
Insurance Indemnity Fund 15 16
Liabilities for direct claims handling 30 14
Other 296 385
Other liabilities, total 7,407 9,096

As at 31 December 2018 and 31 December 2017, the fair value of other liabilities did not differ significantly from their carrying amount, primarily due to fact that over 94% of them are short-term liabilities.

Other liabilities by maturity 31 December 2018 31 December 2017 (restated)
Up to 1 year 7,012 8,781
1 to 5 years 337 269
Over 5 years 58 46
Total other liabilities by maturity 7,407 9,096

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