GOLDMAN SACHS GROUP INC | 2013 | FY | 3


                 
    As of December  
in millions     2013       2012  

Compensation and benefits

    $  7,874       $  8,292  
   

Insurance-related liabilities 1

          10,274  
   

Noncontrolling interests 2

    326       508  
   

Income tax-related liabilities 3

    1,974       2,724  
   

Employee interests in consolidated funds

    210       246  
   

Subordinated liabilities issued by consolidated VIEs

    477       1,360  
   

Accrued expenses and other

    5,183       18,991 4 

Total

    $16,044       $42,395  

 

1.

Represents liabilities for future benefits and unpaid claims carried at fair value under the fair value option related to the firm’s European insurance business, in which a majority stake was sold in December 2013. See Note 3 for further information.

 

2.

Primarily relates to consolidated investment funds.

 

3.

See Note 24 for further information about income taxes.

 

4.

Includes $14.62 billion of liabilities classified as held for sale as of December 2012 related to the firm’s Americas reinsurance business, in which a majority stake was sold in April 2013. See Note 12 for further information.


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