Notes to the consolidated financial statements Annua l Report 2014 115
25 Other non-current liabilities
26 Other current financial liabilities
December 28, December 29,
million 2014 2013
Step rent accruals 234 201
Deferred income 26
Other 16 17
Total other non-current liabilities 276 235
Step rent accruals relate to the equalization of rent payments from lease contracts with scheduled fixed rent increases throughout the life of the contract.
Deferred income predominantly represents the non-current portions of deferred income on vendor allowances and deferred gains on sale and leaseback transactions.
December 28, December 29,
million 2014 2013
Finance lease liabilities - current portion (see Note 22) 88 74
Interest payable 26 24
Short-term borrowings 47 52
Dividend cumulative preferred financing shares 21 24
Reinsurance liabilities - current portion (see Note 15) 65 52
Loans - current portion (see Note 21) 30 22
Other 3 14
Total other current financial liabilities 280 262
Other in 2013 mainly includes a multi-employer union pension withdrawal liability.
