|
|
Balance as of 04/01/2013 |
|
Changes in the scope of consolidated financial statements |
|
Net exchange differences |
|
Use |
|
Reversals |
|
Transfers |
|
Additions |
|
Balance as of 03/31/2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current provisions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other personnel expenses |
|
60.5 |
|
0.0 |
|
–0.1 |
|
–40.3 |
|
0.0 |
|
0.6 |
|
20.2 |
|
40.9 |
Warranties and other risks |
|
2.8 |
|
0.0 |
|
0.0 |
|
–1.1 |
|
–0.1 |
|
0.0 |
|
3.0 |
|
4.6 |
Other non-current provisions |
|
50.5 |
|
0.0 |
|
–0.8 |
|
–4.3 |
|
–4.3 |
|
–0.3 |
|
12.9 |
|
53.7 |
|
|
113.8 |
|
0.0 |
|
–0.9 |
|
–45.7 |
|
–4.4 |
|
0.3 |
|
36.1 |
|
99.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current provisions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unused vacation entitlements |
|
118.2 |
|
1.9 |
|
–2.8 |
|
–72.9 |
|
–0.5 |
|
–0.1 |
|
81.4 |
|
125.2 |
Other personnel expenses |
|
154.2 |
|
0.4 |
|
–2.0 |
|
–136.9 |
|
–11.8 |
|
–0.3 |
|
149.5 |
|
153.1 |
Warranties and other risks |
|
38.4 |
|
0.0 |
|
–0.2 |
|
–7.6 |
|
–6.5 |
|
0.0 |
|
22.6 |
|
46.7 |
Onerous contracts |
|
34.4 |
|
0.0 |
|
–0.2 |
|
–23.7 |
|
–6.6 |
|
–0.7 |
|
19.3 |
|
22.5 |
Other current provisions |
|
267.0 |
|
0.7 |
|
–1.1 |
|
–158.0 |
|
–42.0 |
|
1.1 |
|
89.5 |
|
157.2 |
|
|
612.2 |
|
3.0 |
|
–6.3 |
|
–399.1 |
|
–67.4 |
|
0.0 |
|
362.3 |
|
504.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
726.0 |
|
3.0 |
|
–7.2 |
|
–444.8 |
|
–71.8 |
|
0.3 |
|
398.4 |
|
603.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
In millions of euros |
||
The provisions for personnel expenses mainly include bonuses. Provisions for warranties and other risks as well as onerous contracts apply to current operating activities. The other provisions mainly consist of provisions for commissions, litigation, legal, and consulting fees, and environmental protection obligations.
The amount recognized as a provision for warranties and other risks is calculated as the most reliable estimated value of the amount that would be required to settle these obligations at the reporting date. The statistical measure is the expected value, which is based on the probability of occurrence of an event according to past experience.
Provisions for onerous contracts are recognized when the earnings expected to be derived by the Group from contracts are lower than the unavoidable cost of meeting its obligations under these contracts. Before recognizing a separate provision for onerous contracts, the Group recognizes an impairment loss on the assets associated with such contracts.
The provisions recognized in the annual financial statements 2012/13 in the amount of EUR 204.4 million for the antitrust proceedings and associated actions and costs as well as for the closure of TSTG Schienen Technik GmbH & Co KG were reduced in the business year 2013/14 by the amount of the compensatory damages paid for direct and indirect rail deliveries to Deutsche Bahn and by the costs involved in the closure of TSTG Schienen Technik GmbH & Co KG. All the remaining provisions were adjusted in the business year 2013/14 in accordance with the current estimate, resulting in non-recurring income (balance of reversal and appropriation) of EUR 8.1 million, and therefore amount to EUR 76.4 million as of March 31, 2014.
The provisions for the EU antitrust fine of voestalpine Austria Draht GmbH from the previous year amounting to EUR 17.1 million (with the exception of the provisions for interest) have been continued unchanged. An appeal was filed against the fine before the European General Court.
