Print

Notes to the Accounts

32 Other Liabilities
 
           
P&C Insurance
               
EURm         2010 2009
  Liabilities arising out of direct insurance operations         136 104
  Liabilities arising out of reinsurance operations         45 47
  Settlement liabilities         - 1
  Liabilities related to Patient Insurance Pool         54 57
  Tax liabilities         140 240
  Prepayments and accrued income         178 158
  Other         137 113
P&C insurance, total         690 719
               
The non-current share of other liabilities is EURm 61 (48).
 
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         2010 2009
  Interests         8 18
  Tax liabilities         36 -
  Liabilities arising out of direct insurance operations         4 2
  Liabilities arising out of reinsurance operations         5 5
  Settlement liabilities         67 6
  Guarantees received         176 11
  Other liabilities         42 91
Life insurance, total         339 134
               
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         2010 2009
  Interests         47 47
  Guarantees for trading in derivatives         36 -
  Liability for dividend distribution         26 29
  Other         8 19
Holding, total         117 95
               
Item Other includes e.g. liabilities arising from intra-group management fees and unredeemed dividends.    
               
Elimination items between segments         -22 -36
             
Group, total         1,124 912
               
Previous page Next page
Tools to Manage Your Report