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.