Annual Report 2016

F.13. Payables

In CZK million, as at 31 December20162015
restated
Payables arising out of direct insurance operations2,0622,104
Payables arising out of reinsurance operations4,5404,439
Payables relating to taxation7775
Payables to client and suppliers122156
Payables to employees134132
Social security6766
Other payables747847
Total7,7497,819
Current portion7,7497,819

XLS

The most significant item of other payables is a payable to the Ministry of Finance of the Czech Republic for the employer’s liability insurance of CZK 656 million (2015: CZK 673 million) which the Company administers for the state.