14 Other Provisions / Tax Provisions
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€ million |
2013 |
2012 |
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Total |
of which noncurrent |
of which current |
Total |
of which noncurrent |
of which current |
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Personnel |
88.1 |
83.7 |
4.4 |
99.6 |
96.5 |
3.1 |
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Sales/purchasing |
24.9 |
– |
24.9 |
44.7 |
7.8 |
36.9 |
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Environmental protection |
53.9 |
53.7 |
0.2 |
52.4 |
49.9 |
2.5 |
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Restructuring |
5.0 |
0.1 |
4.9 |
7.8 |
0.9 |
6.9 |
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Sundry |
69.1 |
10.7 |
58.4 |
60.9 |
9.6 |
51.3 |
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Other provisions |
241.0 |
148.2 |
92.8 |
265.4 |
164.7 |
100.7 |
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Tax provisions |
81.6 |
34.5 |
47.1 |
74.4 |
32.1 |
42.3 |
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Provisions for Personnel
These include obligations for anniversary payments and funeral expenses as well as provisions for early-retirement and phased-early-retirement plans. There is a continuous outflow of noncurrent provisions for anniversary payments. The provisions for phased-early-retirement plans will be completely paid out in two to six years. Up to that time, the outflow will be continual.
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 € 21.0 million was used in fiscal 2013. The remaining amount will be used for payouts in the coming year.
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 comprise 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 disputes).
The interest rates ranged between 0 percent and 10 percent. They primarily related to provisions associated with purchasing, environmental provisions, provisions for phased-early-retirement plans and anniversary-payment provisions.
Other Provisions
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€ million |
Jan. 1, 2013 |
Utilization |
Reversal |
Addition |
Interest effect |
Exchange rate differences |
Other |
Dec. 31, 2013 |
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Personnel |
99.6 |
-26.5 |
-0.2 |
15.4 |
– |
-0.2 |
– |
88.1 |
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Sales/purchasing |
44.7 |
-38.2 |
-1.1 |
16.5 |
3.1 |
-0.1 |
– |
24.9 |
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Environmental protection |
52.4 |
-3.1 |
-1.3 |
2.5 |
3.5 |
-0.1 |
– |
53.9 |
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Restructuring |
7.8 |
-2.2 |
-2.3 |
2.8 |
– |
– |
-1.1 |
5.0 |
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Sundry |
60.9 |
-6.5 |
-8.7 |
21.1 |
2.7 |
-0.4 |
– |
69.1 |
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Total |
265.4 |
-76.5 |
-13.6 |
58.3 |
9.3 |
-0.8 |
-1.1 |
241.0 |
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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.
Tax Provisions
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€ million |
Jan. 1, 2013 |
Utilization |
Reversal |
Additions/ interest effect |
Exchange rate differences |
Scope of consolidation/ Other |
Dec. 31, 2013 |
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Taxes |
74.4 |
-5.1 |
-3.0 |
15.8 |
-0.5 |
– |
81.6 |
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