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Other liabilities
 12 Months Ended
Dec. 31, 2017
Other liabilities  
Other liabilities

 

Note 16 – Other liabilities

 

Other liabilities consist of the following:

 

·

pension benefits;

·

guarantees received;

·

legal fees payable by adhesion to the tax regularization schemes;

·

any liability not included in the other liability items.

 

 

As of December 31,

 

2017

2016

Current

 

 

 Compensation for directors and members of the Supervisory Committee
53
44

 Guarantees received
10
15

 Other
22
10

 

 

 

 
85
69

 

 

 

Non-current

 

 

 Pension benefits (Note 3.m)
214
164

 Legal fees
4
4

 Other
2
2

 

 

 

 
220
170

 

 

 

Total other liabilities 
305
239

 

 

 

 

 

Movements in the pension benefits are as follows:

 

 

Years ended
December 31,

 

2017

2016

At the beginning of the year
164
95

Service cost (*)
15
11

Interest cost (**)
47
38

Payments
(6)
(4)

Actuarial loss /(gain) (***)
(6)
24

 

 

 

At the end of the year
214
164

 

 

 

 

(*) Included in Employee benefit expenses and severance payments.

(**) Included in Financial expenses.

(***) Included in Other comprehensive income as required by IAS 19R.