Notes to the consolidated financial statements Annua l Report 2015 119
26 Other current financial liabilities
27 Other current liabilities
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January 3, December 28,
million 2016 2014
Finance lease liabilities - current portion (see Note 22) 110 88
Interest payable 29 26
Short-term borrowings 52 47
Dividend cumulative preferred financing shares 22 21
Reinsurance liabilities - current portion (see Note 15) 76 65
Loans - current portion (see Note 21) 31 30
Other 10 3
Total other current financial liabilities 330 280
Other in 2015 mainly includes multi-employer union pension withdrawal liabilities.
January 3, December 28,
million 2016 2014
Accrued expenses 770 607
Compensated absences 297 271
Payroll taxes, social security and VAT 251 262
Deferred income 138 28
Gift card and deposit liabilities 104 87
Other 13 14
Total other current liabilities 1,573 1,269
The deferred income balance at January 3, 2016, includes the unearned portion of premiums billed on January 1, 2016, related to the Company's reinsurance treaty.
