Download  |
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Balance as of 04/01/2009 |
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Changes in the scope of consolidated financial statements |
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Net exchange differences |
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Use |
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Reversal |
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Addition |
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Balance as of 03/31/2010 |
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Non-current provisions |
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Other personnel expenses |
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20.4 |
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0.0 |
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0.1 |
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–4.5 |
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–0.1 |
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3.0 |
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18.9 |
Warranties |
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14.5 |
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0.0 |
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1.3 |
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–4.0 |
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–1.6 |
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1.3 |
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11.5 |
Other non-current provisions |
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23.4 |
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0.0 |
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0.0 |
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–1.8 |
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–0.8 |
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6.2 |
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27.0 |
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58.3 |
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0.0 |
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1.4 |
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–10.3 |
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–2.5 |
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10.5 |
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57.4 |
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Current provisions |
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Vacations |
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101.3 |
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0.0 |
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2.6 |
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–69.6 |
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–0.1 |
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55.9 |
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90.1 |
Other personnel expenses |
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141.8 |
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0.0 |
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1.6 |
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–129.6 |
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–10.4 |
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104.3 |
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107.7 |
Warranties |
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42.6 |
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0.0 |
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0.2 |
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–9.7 |
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–7.6 |
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28.6 |
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54.1 |
Onerous contracts |
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13.2 |
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0.0 |
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0.1 |
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–6.7 |
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–1.3 |
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34.7 |
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40.0 |
Other current provisions |
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97.8 |
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0.0 |
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0.8 |
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–57.3 |
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–11.4 |
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60.2 |
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90.1 |
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396.7 |
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0.0 |
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5.3 |
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–272.9 |
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–30.8 |
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283.7 |
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382.0 |
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455.0 |
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0.0 |
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6.7 |
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–283.2 |
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–33.3 |
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294.2 |
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439.4 |
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In millions of euros |
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The provisions for personnel expenses mainly include bonuses. Provisions for warranties as well as onerous contracts apply to current operating activities. The other provisions mainly consist of provisions for commissions, litigation, legal and consulting fees, and environmental protection obligations.
The amount recognized as a provision for warranties is calculated as the most reliable estimated value of the amount that would be required to settle these obligations at the balance sheet date. The statistical measure is the expected value, which is based on the probability of occurrence of an event according to past experience.
A provision for onerous contracts is recognized when the earnings expected to be derived by the Group from a contract are lower than the unavoidable cost of meeting its obligations under the contract. Before recognizing a separate provision for onerous contracts, the Group recognizes an impairment loss on the assets associated with such contracts.
