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Notes to the Group’s Financial Statements

32 Other liabilities
P&C insurance
EURm 2014 2013
Liabilities arising out of direct insurance operations 155 148
Liabilities arising out of reinsurance operations 37 49
Liabilities related to Patient Insurance Pool 115 68
Tax liabilities 85 113
Prepayments and accrued income 27 197
Other 284 119
P&C insurance, total 702 694
The non-current share of other liabilities is EURm 102 (57).
Item Other includes e.g. witholding taxes, social expenses related to Workers Compensation insurance policies and employee benefits, unpaid premium taxes and other accruals.
Life insurance
EURm 2014 2013
Interests 8 7
Tax liabilities 23 18
Liabilities arising out of direct insurance operations 7 6
Liabilities arising out of reinsurance operations 4 5
Settlement liabilities 90 26
Guarantees received 35 31
Other liabilities 43 37
Life insurance, total 209 129
Item Guarantees received comprise assets accepted as guarantees required in derivative trading and securities lending.
Item Other includes e.g. liabilities arising from withholding taxes and social security costs, liabilities to creditors and insurance premium advances.
Holding
EURm 2014 2013
Interests 34 34
Guarantees for trading in derivatives 47 47
Liability for dividend distribution 30 26
Other 24 21
Holding, total 134 129
Item Other includes e.g. reservations for share-based incentive programmes and other incentive salaries.
Elimination items between segments -11 -11
EURm 2014 2013
Group, total 1,035 941
Note
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