20. Other Liabilities
| In billions of Russian Roubles | 2012 | 2011 |
|---|---|---|
| Other financial liabilities | ||
| Payables on plastic card settlements | 63.7 | 45.8 |
| Derivative financial instruments | 41.7 | 26.7 |
| Funds in settlement | 36.5 | 10.1 |
| Securties sold, not yet purchased | 18.6 | 67.4 |
| Trade payables | 11.7 | 13.1 |
| Deposit insurance system fees payable | 6.2 | 5.2 |
| Settlements on operations with securities | 4.1 | 10.5 |
| Deferred consideration on acquisition of subsidiaries | 2.7 | 36.1 |
| Deferred commissions received on guarantees issued | 1.3 | 1.4 |
| Other | 13.2 | 6.5 |
| Total other financial liabilities | 199.7 | 222.8 |
| Other non-financial liabilities | ||
| Accrued employee benefit costs | 29.3 | 17.9 |
| Taxes payable other than on income | 18.1 | 9.5 |
| Income tax payable | 3.3 | 1.5 |
| Advances received | 2.8 | 1.8 |
| Deferred gains on initial recognition of financial instruments | 0.4 | 0.8 |
| Liabilities of the disposal group | — | 8.5 |
| Other | 9.5 | 2.4 |
| Total other non-financial liabilities | 63.4 | 42.4 |
| Total other liabilities | 263.1 | 265.2 |
Defined benefit plans of the Group
The Group applies IAS 19 Employee Benefits for accounting for its pension liabilities. As at 31 December 2012 the Group operates two benefit plans — benefit plan with defined pension payments and benefit plan with defined pension contributions. The Group takes direct liability to provide pension payments and contributions defined according to the Group’s pension programmes.
All the employees of the Bank (including retired) who are entitled for state pension payments or have five years or less to retirement as at 1 January 2011 participate in the benefit plan with defined pension payments. The amount of payments is determined based on employee staying with the Bank at the date of retirement. As at 31 December 2012 the Bank operates 18 separate pension programmes with defined payments, for Central Head Office and each Regional Head Office.
All the employees of the Bank with three years of continuous employment with the Bank except the Management Board members, those employees who have five years or less to retirement as at 1 January 2011 or those who are already entitled for state pension payments participate in the benefit plan with defined pension contributions (which are calculated as a percent of wage). According to the programme employees whose continuous employment with the Bank reaches seven years become unconditionally entitled for these contributions upon retirement.
As at 31 December 2012 pension liabilities of the Group comprised 8.1 billion RUB (2011: 4.7 billion RUB). Pension expenses for 2012 amounted to 4.4 billion RUB (2011: 0.7 billion RUB) and were included in staff costs within operating expenses.
The estimated fair value of other financial liabilities is disclosed in Note 35. Currency and maturity analyses of other liabilities are disclosed in Note 32.