14. Creditors
(CZK’000) | 31 December 2015 | 31 December 2014 |
---|---|---|
Claims payable | 930,567 | 788,545 |
Payables to brokers and agents | 22,083 | 35,208 |
Payables from reinsurance (Note 17.2) | 1,390,544 | 1,142,606 |
Other payables | 154,592 | 62,122 |
Total | 2,497,786 | 2,028,481 |
Other payables as of 31 December 2015 contain mainly intercompany payables in amount of CZK 8,215 thousand (2014: CZK 9,452 thousand), payables to employees in the amount of CZK 27,920 thousand (2014: CZK 33,049 thousand), income tax in the amount of CZK 60,800 thousand (2014: CZK 4,100 thousand) and deferred tax from tangible fixed assets valuation in the amount of CZK 20,893 thousand (2014: CZK 29,151 thousand).
All payables are short term.
The Company has no overdue liabilities for social insurance, contributions to the state employment policy, health insurance or tax liabilities payable to the relevant tax authority.
Payables have not been secured over any assets of the Company. Payables to related parties are disclosed in Note 21.