Notes to Consolidated Financial Statements continued Thousands of Georgian Lari 15. Other Assets and Other Liabilities Other assets comprise: 2018 2017 2016 Derivative financial assets 35,557 12,392 1,466 Other receivables 28,664 23,647 12,903 Assets purchased for finance lease purposes 15,393 10,037 11,378 Investments in associates 13,189 11,850 12,814 Operating tax assets 5,099 35,403 50,227 Trading securities owned 4,652 3,191 1,396 Foreclosed assets 4,374 52,095 50,821 Defined contribution pension assets – 18,536 16,441 Reinsurance assets – 20,671 13,161 Settlements on operations 134 928 1,100 Other 24,987 20,899 27,176 132,049 209,649 198,883 Less – Allowance for impairment of other assets (6,041) (20,917) (14,092) Other assets 126,008 188,732 184,791 Other liabilities comprise: 2018 2017 2016 Derivative financial liabilities 11,569 3,948 9,411 Creditors 9,010 19,129 6,606 Advances received 8,279 2,761 364 Other taxes payable 6,976 18,676 34,662 Provisions 4,582 5,915 4,086 Accounts payable 1,817 48,011 111,766 Dividends payable to non-controlling shareholders 1,337 1,100 1,313 Defined contribution pension obligations – 18,536 16,441 Other insurance liabilities – 11,008 8,235 Amounts payable for share acquisitions – 413 8,491 Other 21,396 12,636 30,248 Other liabilities 64,966 142,133 231,623 The table opposite shows the fair values of derivative financial instruments, recorded as assets or liabilities, together with their notional amounts. The notional amount, recorded gross, is the amount of a derivative’s underlying asset or liability, reference rate or index and is the basis upon which changes in the value of derivatives are measured. The notional amounts indicate the volume of transactions outstanding at the year-end and are not indicative of the credit risk. 240 Annual Report 2018Bank of Georgia Group PLC