48. Other liabilities

Other liabilities 31 December 2015 31 December 2014
Accrued costs 1,008,246 743,655
Accrued costs of brokers’ commissions 272,153 250,867
Accrued remuneration costs 114,245 131,759
Accrued costs from reinsurance 412,227 214,268
Accrued employee bonuses 86,283 94,558
Other 123,338 52,203
Deferred income 116,682 33,374
Other liabilities 2,553,083 3,042,482
Direct insurance liabilities 696,166 686,714
Reinsurance liabilities 96,718 94,384
Liabilities to the State Budget, other than due to income tax 34,576 30,001
Public legal settlements: 51,538, 25,701
Liabilities to employees 9,110 13,106
Insurance Guarantee Fund 11,247 11,794
Liabilities arising from financial instrument transactions 572,240 444,089
Liabilities from acquisition of third share installment of Alior Bank 341,709 -
Liabilities to PZU shareholders (dividends) 2,982 1,471,120
Trade payables to suppliers 122,078 89,787
Estimated non-insurance liabilities 175,786 133,359
Liabilities towards banks due to payment instruments cleared by the National Clearing House 183,574 -
Provision for withdrawals 94,045 -
Liabilities of Alior Bank due to banking product insurance offered to the clients of the bank 66,941 -
Direct claims handling liabilities 11,113 -
Other 83,260 42,427
Total other liabilities 3,678,011 3,819,511

As at 31 December 2015 and 31 December 2014 the fair value of other liabilities did not differ substantially from their carrying amount, due to the fact that over 98% of them are short-term liabilities.

Liabilities by maturity 31 December 2015 31 December 2014
Up to 1 year 3,627,723 3,783,663
Over 1 year and up to 5 years 41,571 33,025
Over 5 years 8,717 2,823
Total liabilities by maturity 3,678,011 3,819,511
 

Section contains:

48.1 Direct insurance liabilities

48.2 Liabilities from operating leases