[31] Other provisions
Other provisions relate to the following items: >> Table 081
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Other provisions |
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>> TABLE 081 |
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|
in € million |
Provisions for product warranties |
Provisions for personnel |
Other obligations |
Total other provisions |
|
|
|
|
|
|
|
Balance as at 01/01/2013 |
64.4 |
88.5 |
72.6 |
225.5 |
|
thereof non-current |
61.4 |
18.4 |
9.4 |
89.1 |
|
thereof current |
3.0 |
70.1 |
63.2 |
136.4 |
|
Changes in group of consolidated entities |
0.2 |
0.1 |
4.5 |
4.8 |
|
Additions |
16.8 |
8.4 |
10.6 |
35.9 |
|
Utilisations |
–16.5 |
–31.2 |
–8.3 |
–56.0 |
|
Reversals |
–10.4 |
–1.1 |
–10.9 |
–22.4 |
|
Additions to accrued interest |
0.1 |
1.1 |
0.0 |
1.2 |
|
Exchange differences |
–0.7 |
–0.3 |
–1.2 |
–2.3 |
|
Other adjustments |
–0.1 |
–0.4 |
0.6 |
0.1 |
|
Balance as at 31/12/2013 |
53.8 |
65.1 |
68.0 |
186.9 |
|
thereof non-current |
53.5 |
16.8 |
6.3 |
76.5 |
|
thereof current |
0.4 |
48.3 |
61.6 |
110.3 |
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, severance pay and obligations under social plans. The provision for partial retirement obligations is recognised on the basis of individual contractual arrangements.
Other obligations largely comprise provisions for restructuring, litigation and expected losses from onerous contracts.
The KION Group had recognised restructuring provisions (including obligations under social plans) totalling €28.9 million in 2012, predominantly in connection with the relocation of production. In 2013, the KION Group recognised restructuring provisions (including obligations under social plans) totalling €3.7 million, predominantly in connection with the planned closure of production sites. Total restructuring provisions (including obligations under social plans) came to €43.7 million as at 31 December 2013 (31 December 2012: €65.0 million).