32. Other liabilities

Other liabilities31 December 201331 December 2012
Accrued expenses 638 382 625 892
Accrued costs of agency commissions 209 871 194 341
Accrued payroll costs 121 415 128 296
Accrued costs of reinsurance 194 079 172 246
Accrued employee bonuses 84 064 102 403
Other 28 953 28 606
Deferred income 17 738 10 420
Other liabilities 8 270 255 2 420 155
Liabilities due to direct insurance 634 831 649 023
Liabilities due to reinsurance 53 738 54 470
Liabilities from sell-buy-back transactions 5 124 161 839 969
Liabilities from credits and loans 227 353 166 276
Liabilities to participants in the consolidated investment funds 267 335 -
Liabilities to the State Treasury, other than income tax 147 721 19 407
Public law obligations: Social Insurance Institution, PFRON, Company’s Social Benefits Fund and other 23 195 21 234
Liabilities to employees 3 481 2 995
Insurance Guarantee Fund 10 231 7 373
Due to acquired securities and margin deposits 1 528 953 438 840
Dividend liabilities to PZU shareholders 3 321 3 453
Trade payables to suppliers 69 273 72 092
Estimated non-insurance liabilities 1) 125 673 108 694
Other 50 989 36 329
Total other liabilities 8 926 375 3 056 467

As at 31 December 2013 and 31 December 2012 the fair value of other liabilities did not differ substantially from their carrying amount.

Liabilities by contractual maturity31 December 201331 December 2012
Up to 1 year 8 498 477 3 047 393
Over 1 year and up to 5 years 158 458 6 785
Over 5 years 269 440 2 289
Total liabilities by contractual maturity 8 926 375 3 056 467