Sampo Group

31 Employee benefits
33 Contingent liabilities and commitments

Notes to the Group's Financial Statements

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32 OTHER LIABILITIES
               
P&C insurance
               
EURm         2011 2010
  Liabilities arising out of direct insurance operations         163 136
  Liabilities arising out of reinsurance operations         69 45
  Liabilities related to Patient Insurance Pool         54 54
  Tax liabilities         105 140
  Prepayments and accrued income         177 178
  Other         127 137
P&C insurance, total     695 690
               
The non-current share of other liabilities is EURm 57 (61).
               
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         2011 2010
  Interests         9 8
  Tax liabilities         7 36
  Liabilities arising out of direct insurance operations         6 4
  Liabilities arising out of reinsurance operations         5 5
  Settlement liabilities         2 67
  Guarantees received         88 176
  Other liabilities         35 42
Life insurance, total     151 339
               
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         2011 2010
  Interests         52 47
  Guarantees for trading in derivatives         43 36
  Liability for dividend distribution         21 26
  Other         10 8
Holding, total   126 117
               
Item Other includes e.g. liabilities arising from intra-group management fees and unredeemed dividends.
               
Elimination items between segments     -12 -22
               
Group, total     960 1,124
31 Employee benefits
33 Contingent liabilities and commitments