44 Other liabilities
| 2017 | 20161) | |||||||
|
Payables due to policyholders |
1,184 | 1,337 | ||||||
|
Payables due to brokers and agents |
385 | 428 | ||||||
|
Payables out of reinsurance |
3,010 | 2,443 | ||||||
|
Social security and taxes payable |
125 | 125 | ||||||
|
Investment creditors |
1,228 | 1,437 | ||||||
|
Cash collateral on derivative transactions |
2,335 | 2,841 | ||||||
|
Cash collateral on securities lended |
3,277 | 3,633 | ||||||
|
Cash collateral - other |
43 | 50 | ||||||
|
Repurchase agreements |
1,373 | 1,489 | ||||||
|
Commercial paper |
72 | 128 | ||||||
|
Bank overdrafts |
2 | 1 | ||||||
|
Other creditors |
2,174 | 3,067 | ||||||
|
At December 31 |
15,208 | 16,978 | ||||||
|
Current |
14,992 | 16,101 | ||||||
|
Non-current |
216 | 877 | ||||||
| 1 | Certain amounts within Other liabilities in 2016 have been reclassified to conform to the current year presentation as certain accounts were previously not mapped correctly to the line items disclosed in this note. These reclassifications are not considered material as these reclassifications had no effect on net income, shareholders’ equity and earnings per share, nor on the total of other liabilities of EUR 16,978 reported in 2016. Reclassifications affected all items, except for Commercial paper and Bank overdrafts. |
The carrying amounts disclosed reasonably approximate the fair values at year-end, given the predominantly current nature of the other liabilities.