Notes to the consolidated financial statements
102
22 Other non-current financial liabilities
Ahold at a glance
Business review
Governance
Financials
Ahold
Annual Report 2014
millior
December 28,
2014
December 29,
2013
Finance lease liabilities
1,125
1,069
Cumulative preferred financing shares
497
497
Derivative financial instruments
250
182
Reinsurance liabilities
126
100
Other
41
34
Total other non-current financial liabilities
2,039
,882
For more information on derivative financial instruments and fair values, see Note 30.
The Company recognizes reinsurance liabilities on its balance sheet in connection with a pooling arrangement between unrelated companies. For more information, see Note 15.
Other mainly consists of a pre-tax liability for the discounted amount of the remaining settlement liability of $34 million (€28 million) relating to an agreement with the New England Teamsters and Trucking Industry Pension Fund
(NETTI) to settle Stop Shop's pension liabilities in the fund, see Note 23.