OTHER LIABILITIES – NON CURRENT AND CURRENT



	As of December 31,
	2018	2017

(i) Other liabilities - Non current

Post-employment benefits	312,293	275,950
Other employee benefits	38,891	31,312
Asset retirement obligation (Note 19) (1)	24,554	27,829
Other	38,803	37,955

Other liabilities – Non-current	414,541	373,046

(1) The asset in connection with this liability is included in Property, plant and equipment.

Post-employment benefits

The amounts recognized in the consolidated statement of financial position are determined as follows:



	Post-employment benefits
	As of December 31,
	2018	2017

Present value of unfunded obligations	312,293	275,950

Liability in the statement of financial position	312,293	275,950

The amounts recognized in the consolidated income statement are as follows:



	Post-employment benefits
	Year ended December 31,
	2018	2017

Current service cost	7,284	6,555
Interest cost	22,578	21,658

Total included in labor costs	29,862	28,213

Changes in the liability recognized in the consolidated statement of financial position are as follows:



	Post-employment benefits
	As of December 31,
	2018		2017

At the beginning of the year	275,950		252,624

Transfers, new participants and funding of the plan	(3,177	)	840
Total expense	29,862		28,213
Remeasurements	38,263		15,068
Effect of changes in demographic assumptions	22,575		(4,950	)
Effect of changes in financial assumptions	2,272		14,110
Effect of experience adjustments	13,416		5,908
Translation differences	(283	)	10,527
Contributions paid	(28,322	)	(31,322	)

At the end of the year	312,293		275,950

The principal actuarial assumptions used were as follows:

The sensitivity of the defined benefit obligation to changes in the weighted principal assumptions is as follows:



	Impact on defined benefit obligation
	Change in assumption		Increase in assumption		Decrease in assumption

Discount rate	1.00	%	-8.4	%	10.1	%
Compensation growth rate	1.00	%	1.4	%	-4.2	%
Pension growth rate	1.00	%	-1.5	%	1.8	%
Life expectancy	1 year		3.8	%	-3.8	%

The estimated future payments for the next five years will be between 23.8 and 29.9 million per year.



	As of December 31,
	2018	2017

(ii) Other liabilities - Current

Payroll and social security payable	177,407	183,249
VAT liabilities	79,060	79,085
Other tax liabilities	36,203	30,927
Termination benefits	1,501	1,816
Related Parties (Note 26)	3,341	6,215
Asset retirement obligation (Note 19)	9,851	2,659
Others	43,853	53,050

Other liabilities – Current	351,216	357,001