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€ million |
2012 |
2011 | ||||||||||
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Total |
Of which noncurrent |
Of which current |
Total |
Of which noncurrent |
Of which current | ||||||
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Personnel |
96.2 |
93.1 |
3.1 |
99.3 |
96.8 |
2.5 | ||||||
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Sales/purchasing |
44.7 |
7.8 |
36.9 |
106.7 |
38.3 |
68.4 | ||||||
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Environmental protection |
52.4 |
49.9 |
2.5 |
52.4 |
49.4 |
3.0 | ||||||
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Restructuring |
7.8 |
0.9 |
6.9 |
2.8 |
– |
2.8 | ||||||
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Sundry |
60.9 |
9.6 |
51.3 |
47.4 |
9.4 |
38.0 | ||||||
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Other provisions |
262.0 |
161.3 |
100.7 |
308.6 |
193.9 |
114.7 | ||||||
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Tax provisions |
74.4 |
32.1 |
42.3 |
68.5 |
61.3 |
7.2 | ||||||
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. Of the provisions for contingent losses from contractual agreements, the amount of €79.6 million was reversed in fiscal 2012. The majority of the remaining provisions will lead to cash outflows over the next two 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 within a period of 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).
As in 2011, the interest rates ranged between around 3.0 percent and around 11.0 percent. They primarily related to provisions associated with purchasing and to environmental provisions.
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Other Provisions | ||||||||||||||||||
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€ million |
Jan. 1, 2012 |
Utilization |
Reversal |
Addition |
Interest effect |
Exchange- |
Other1 |
Dec. 31, 2012 | ||||||||||
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Personnel |
99.3 |
-10.3 |
– |
10.5 |
– |
-0.2 |
-3.1 |
96.2 | ||||||||||
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Sales/purchasing |
106.7 |
-17.1 |
-80.4 |
23.7 |
12.1 |
-0.3 |
– |
44.7 | ||||||||||
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Environmental protection |
52.4 |
-2.5 |
-0.5 |
1.7 |
1.3 |
– |
– |
52.4 | ||||||||||
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Restructuring |
2.8 |
-2.0 |
– |
6.7 |
– |
0.3 |
– |
7.8 | ||||||||||
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Sundry |
47.4 |
-2.0 |
-24.3 |
39.3 |
0.5 |
– |
– |
60.9 | ||||||||||
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Total |
308.6 |
-33.9 |
-105.2 |
81.9 |
13.9 |
-0.2 |
-3.1 |
262.0 | ||||||||||
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 two to four years.
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Tax Provisions | ||||||||||
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€ million |
Jan. 1, 2012 |
Utilization |
Reversal |
Addition |
Dec. 31, 2012 | |||||
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Taxes |
68.5 |
-8.4 |
-0.3 |
14.6 |
74.4 | |||||