35. Other liabilities
2019
Accounting policies
Liabilities included in this item are measured at amounts due which cover potential interest on the liabilities, and the accrual for future payments in reliably estimated, justified amounts necessary to meet the present obligation as at the end of the reporting period. Non-financial liabilities are measured in accordance with the measurement policies binding for particular liability categories recognized in this item.
Financial information
| OTHER LIABILITIES | 31.12.2019 | 31.12.2018 |
|---|---|---|
| Expenses to be paid | 813 | 626 |
| Deferred income | 454 | 395 |
| Liability in respect of tax on certain financial institutions | 86 | 83 |
| Interbank settlements | 461 | 481 |
| Liabilities arising from investing activities and internal operations | 251 | 247 |
| Amounts due to suppliers | 178 | 184 |
| Liabilities and settlements in respect of trading in securities | 586 | 364 |
| Settlements of financial instruments | 22 | 6 |
| Liabilities maintained in respect of contribution to the Bank Guarantee Fund, maintained in the form of payment commitments | 394 | 248 |
| – to the Resolution Fund | 217 | 112 |
| – to the Banks’ Guarantee Fund | 177 | 136 |
| Settlements with the state budget | 158 | 163 |
| Liabilities in respect of foreign exchange activities | 201 | 298 |
| Liabilities in respect of payment cards | 20 | 15 |
| Liabilities to insurance institutions | 174 | 143 |
| Lease liabilities | 894 | – |
| Other | 383 | 432 |
| Total | 5 075 | 3 685 |
| of which: other financial liabilities | 3 600 | 2 364 |
The item “Liabilities in respect of contributions to the Bank Guarantee Fund” includes an obligation to pay contributions to the BGF (see note “Assets pledged to secure liabilities and financial assets transferred”).
The item “Expenses to be paid” includes the impact of the potential refunds of costs to customers on early repayment of open consumer and mortgage loans of PLN 147 million.
As at 31 December 2019 and as at 31 December 2018, the Group did not have any liabilities in respect of which it did not meet its contractual obligations.