Note 16 – Other liabilities
Other liabilities consist of the following:
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· |
pension benefits; |
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· |
guarantees received; |
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· |
legal fees payable by adhesion to the tax regularization schemes; |
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· |
any liability not included in the other liability items. |
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As of December 31, |
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|
2017 |
2016 |
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Current |
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|
|
Compensation for directors and members of the Supervisory Committee |
53 | 44 |
|
Guarantees received |
10 | 15 |
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Other |
22 | 10 |
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|
|
|
|
|
85 | 69 |
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|
|
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Non-current |
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|
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Pension benefits (Note 3.m) |
214 | 164 |
|
Legal fees |
4 | 4 |
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Other |
2 | 2 |
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|
|
|
|
|
220 | 170 |
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|
|
|
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Total other liabilities |
305 | 239 |
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|
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Movements in the pension benefits are as follows:
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|
Years ended |
|
|
|
2017 |
2016 |
|
At the beginning of the year |
164 | 95 |
|
Service cost (*) |
15 | 11 |
|
Interest cost (**) |
47 | 38 |
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Payments |
(6) | (4) |
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Actuarial loss /(gain) (***) |
(6) | 24 |
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|
|
|
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At the end of the year |
214 | 164 |
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(*) Included in Employee benefit expenses and severance payments.
(**) Included in Financial expenses.
(***) Included in Other comprehensive income as required by IAS 19R.