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Notes to the Group’s Financial Statements

32 Other liabilities
P&C insurance
EURm 2013 2012
Liabilities arising out of direct insurance operations 148 149
Liabilities arising out of reinsurance operations 49 103
Liabilities related to Patient Insurance Pool 68 55
Tax liabilities 113 176
Prepayments and accrued income 197 199
Other 119 125
P&C insurance, total 694 807
The non-current share of other liabilities is EURm 57 (45).

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 2013 2012
Interests 7 9
Tax liabilities 18 0
Liabilities arising out of direct insurance operations 6 6
Liabilities arising out of reinsurance operations 5 5
Settlement liabilities 26 4
Guarantees received 31 122
Other liabilities 37 32
Life insurance, total 129 177
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 2013 2012
Interests 34 34
Guarantees for trading in derivatives 47 78
Liability for dividend distribution 26 24
Other 21 16
Holding, total 129 152
Item Other includes e.g. reservations for share-based incentive programmes and other incentive salaries.
Elimination items between segments -11 -13
EURm 2013 2012
Group, total 941 1,123
Note
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