[32] Other provisions
Other provisions relate to the following items: > TABLE 093
in € million |
Provisions for product warranties |
Provisions for personnel |
Other obligations |
Total other provisions |
|---|---|---|---|---|
Balance as at 01/01/2019 |
81.0 |
80.0 |
65.2 |
226.2 |
thereof non-current |
23.5 |
52.5 |
22.9 |
98.9 |
thereof current |
57.5 |
27.5 |
42.2 |
127.2 |
Group changes |
0.3 |
– |
0.0 |
0.3 |
Additions |
45.7 |
57.6 |
25.4 |
128.8 |
Utilisations |
–31.7 |
–28.6 |
–21.1 |
–81.4 |
Reversals |
–16.7 |
–1.8 |
–9.8 |
–28.3 |
Additions to accrued interest |
0.0 |
2.0 |
0.1 |
2.1 |
Currency translation adjustments |
0.9 |
0.5 |
0.7 |
2.0 |
Other adjustments |
2.3 |
4.3 |
–1.8 |
4.8 |
Balance as at 31/12/2019 |
81.8 |
114.0 |
58.6 |
254.4 |
thereof non-current |
18.9 |
73.8 |
21.1 |
113.8 |
thereof current |
62.9 |
40.2 |
37.5 |
140.6 |
The provisions for product warranties include contractual and statutory obligations arising from the sale of industrial trucks, spare parts and automation solutions. It is expected that the bulk of the cash payments will be incurred within the next two years after the reporting date.
The provisions for personnel comprise provisions for long-service awards, partial retirement obligations, share-based remuneration obligations, severance pay, and obligations under social plans. The provisions for partial retirement obligations are recognised on the basis of individual contractual arrangements and agreements under collective bargaining law. In 2019, the KION Group recognised provisions for restructuring of €11.6 million, predominantly in connection with the plans to consolidate finance functions at one location from 2020 onwards.
Other obligations include provisions for onerous contracts and litigation.