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€ million |
2011 |
2010 | ||||||||||
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|
Total |
Of which |
Of which |
Total |
Of which |
Of which | ||||||
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|
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Personnel |
99.3 |
96.8 |
2.5 |
138.5 |
116.0 |
22.5 | ||||||
|
Sales/purchasing |
106.7 |
38.3 |
68.4 |
68.0 |
53.1 |
14.9 | ||||||
|
Environmental protection |
52.4 |
49.4 |
3.0 |
52.6 |
49.3 |
3.3 | ||||||
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Restructuring |
2.8 |
– |
2.8 |
6.0 |
0.2 |
5.8 | ||||||
|
Sundry |
47.4 |
9.4 |
38.0 |
47.7 |
9.0 |
38.7 | ||||||
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Other provisions |
308.6 |
193.9 |
114.7 |
312.8 |
227.6 |
85.2 | ||||||
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Tax provisions |
68.5 |
61.3 |
7.2 |
105.0 |
42.8 |
62.2 | ||||||
Provisions for Personnel
These provisions contain obligations for anniversary payments, working-life accounts, other deferrals, and provisions relating to early retirement and phased-early-retirement plans. There is a continuous outflow of noncurrent provisions for anniversary payments. The provision for phased-early-retirement plans will be exhausted by 2016 at the latest. The outflow will be continuous until that date.
Sales/Purchasing Provisions
These provisions cover warranty and product-liability obligations, as well as discounts, cash bonuses and other price reductions still to be granted, commissions payable to sales agents, and contingent losses from contractual agreements. The noncurrent provisions for contingent losses from contractual agreements essentially lead to cash outflows within a period of three years.
Provisions for Environmental Protection
Provisions for environmental protection are formed for anticipated obligations regarding contaminated-site remediation, water pollution control, recultivation of landfills, the clean-up of contaminated storage and production sites, and similar environmental measures. These provisions also include environmental protection charges likely to be imposed by government bodies. Most noncurrent provisions for environmental protection will be utilized over a period of 10 to 20 years.
Restructuring Provisions
The provisions for restructuring are comprised of severance payments for departing employees, anticipated site closure expenses, demolition obligations, and similar charges.
Sundry Provisions
These provisions are formed for a multiplicity of identifiable individual risks and contingencies (e.g. damages, legal risks).
Tax Provisions
Tax provisions contain amounts for current income tax obligations, risks from tax audits, and legal action. The existing noncurrent tax provisions will largely be used over the next three to five years.
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Other Provisions | ||||||||||||||||
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€ million |
Jan. 1, |
Utilization |
Reversal |
Addition/ |
Exchange- |
Scope of |
Dec. 31, | |||||||||
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Personnel |
138.5 |
-26.9 |
– |
6.9 |
-0.1 |
-19.1 |
99.3 | |||||||||
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Sales/purchasing |
68.0 |
– |
-2.0 |
33.5 |
7.2 |
– |
106.7 | |||||||||
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Environmental protection |
52.6 |
-1.9 |
-1.7 |
3.4 |
– |
– |
52.4 | |||||||||
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Restructuring |
6.0 |
-1.6 |
-1.6 |
– |
– |
– |
2.8 | |||||||||
|
Sundry |
47.7 |
-2.8 |
-7.7 |
10.1 |
0.1 |
– |
47.4 | |||||||||
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|
312.8 |
-33.2 |
-13.0 |
53.9 |
7.2 |
-19.1 |
308.6 | |||||||||
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Of which interest effect |
– |
– |
– |
10.1 |
– |
– |
– | |||||||||
Interest rates during the fiscal year ranged between 3.0 percent and 6.2 percent (2010: between 3.0 percent and 6.9 percent). They primarily related to provisions associated with purchasing and to environmental provisions. The interest effects from sales/purchasing provisions amount to €8.1 million.
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Tax Provisions | ||||||||||||||
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€ million |
Jan. 1, |
Utilization |
Reversal |
Addition/ |
Exchange- |
Scope of |
Dec. 31, | |||||||
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Taxes |
105.0 |
-43.6 |
-12.8 |
20.6 |
-0.7 |
– |
68.5 | |||||||
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Of which interest effect |
– |
– |
– |
– |
– |
– |
– | |||||||