Other provisions relate to the following items:
|
Other provisions |
Provisions |
Provisions for personnel |
Other obligations |
Total other provisions |
|
€ thousand |
|
|
|
|
|
|
|
|
|
|
|
Balance as at 1/1/2011 |
60,455 |
133,893 |
65,853 |
260,201 |
|
thereof non-current |
60,455 |
94,750 |
9,094 |
164,299 |
|
thereof current |
0 |
39,143 |
56,759 |
95,902 |
|
Changes in group of consolidated entities |
150 |
134 |
811 |
1,095 |
|
Additions |
34,864 |
75,844 |
24,297 |
135,005 |
|
Utilisations |
-18,964 |
-61,592 |
-23,405 |
-103,961 |
|
Reversals |
-2,454 |
-2,816 |
-11,255 |
-16,525 |
|
Additions to accrued interest |
136 |
2,630 |
39 |
2,805 |
|
Exchange differences |
419 |
10 |
274 |
703 |
|
Other adjustments |
343 |
0 |
180 |
523 |
|
Balance as at 31/12/2011 |
74,949 |
148,103 |
56,794 |
279,846 |
|
thereof non-current |
69,729 |
16,935 |
9,504 |
96,168 |
|
thereof current |
5,220 |
131,168 |
47,290 |
183,678 |
The provisions for product warranties include contractual and statutory obligations arising from the sale of industrial trucks and spare parts. It is expected that the bulk of the costs will be incurred within the next two years after the reporting date.
The provisions for personnel comprise provisions for partial retirement obligations, long-service awards, annual bonuses and severance pay. The provision for partial retirement obligations is recognised on the basis of individual contractual arrangements. The KION Group recognised restructuring provisions of €74,465 thousand in 2011, predominantly in connection with the planned transfers of production.
Other obligations largely comprise provisions for guarantees and litigation.
