Other provisions relate to the following items:
|
Other provisions | ||||
|
€ thousand |
Provisions |
Provisions |
Other |
Total other |
|
|
|
|
|
|
|
Balance as at 1/1/2012 |
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 |
|
Changes in group of consolidated entities |
-454 |
-4,906 |
5,644 |
284 |
|
Additions |
18,001 |
27,498 |
33,402 |
78,901 |
|
Utilisations |
-21,590 |
-40,935 |
-23,792 |
-86,317 |
|
Reversals |
-6,846 |
-30,078 |
-11,053 |
-47,977 |
|
Additions to accrued interest |
0 |
2,166 |
2 |
2,168 |
|
Exchange differences |
278 |
0 |
25 |
303 |
|
Other adjustments |
43 |
-11,865 |
11,622 |
-200 |
|
Balance as at 12/31/2012 |
64,381 |
89,983 |
72,644 |
227,008 |
|
thereof non-current |
61,356 |
18,369 |
9,395 |
89,120 |
|
thereof current |
3,025 |
71,614 |
63,249 |
137,888 |
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 majority 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, severance pay and redundancy payments. The provision for partial retirement obligations is recognised on the basis of individual contractual arrangements.
Other obligations largely comprise restructuring provisions, provisions for litigations, guarantees and expected losses from onerous contracts.
The KION Group had recognised restructuring provisions (including redundancy payments) of €74,465 thousand in 2011, predominantly in connection with the relocation of production sites. In 2012 it was possible to reverse €20,083 thousand of this amount following finalisation of the negotiations on the redundancy scheme. In 2012 restructuring provisions (including redundancy payments) amounting to €28,883 thousand were recognised, predominantly in connection with the planned closure of production sites. As a result, total restructuring provisions (including redundancy payments) came to €65,006 thousand as at 31 December 2012.
