Note 16: Other provisions

Movements in other provisions

 

  

 

  

 

  

 

  

 

In € millions

  

Restructuring of activities

  

Environmental costs

  

Sundry

  

Total

Balance at January 1, 2014

  

236

  

329

  

553

  

1,118

Additions made during the year

  

179

  

13

  

111

  

303

Utilization

  

(144)

  

(28)

  

(210)

  

(382)

Amounts reversed during the year

  

(19)

  

(20)

  

(32)

  

(71)

Unwind of discount

  

2

  

13

  

17

  

32

Transfer to/(from) liabilities held for sale

  

–

  

6

  

(1)

  

5

Changes in exchange rates

  

5

  

13

  

24

  

42

Balance at December 31, 2014

  

259

  

326

  

462

  

1,047

 

  

 

  

 

  

 

  

 

Non-current portion of provisions

  

70

  

282

  

303

  

655

Current portion of provisions

  

189

  

44

  

159

  

392

Balance at December 31, 2014

  

259

  

326

  

462

  

1,047

Provisions for restructuring of activities

Provisions for restructuring of activities comprise accruals for certain employee benefits and for costs which are directly associated with plans to exit or cease specific activities and closing down of facilities. For all restructuring provisions a detailed formal plan exists and the implementation of the plan has started or the plan has been announced before the balance sheet date. Most restructuring plans are expected to be completed within two years from the balance sheet date.

Provisions for environmental costs

For details on environmental exposures, see Note 20.

Sundry provisions

Sundry provisions relate to a great variety of risks and commitments, including provisions for claims, antitrust cases and other long-term employee benefits, such as long-service leave and jubilee payments.

The majority of the cash outflows related to sundry provisions are expected to be within one to five years. In calculating the sundry provisions, a pre-tax discount rate of on average 2.8 percent has been used.

Current portion of provisions

Current portion of post-retirement benefit provisions (€102 million) and other provisions (€392 million) adds up to €494 million (2013: €601 million).