15 – Other provisions

Development of other provisions 1st Half 2016 (million €)

 

 

January 1, 2016

Additions

Unwinding of discount

Utilization

Reversals

Other changes

June 30, 2016

Restoration obligations

 

1,266

41

14

(34)

(13)

(5)

1,269

Environmental protection and remediation costs

 

538

36

2

(31)

(6)

(4)

535

Employee obligations

 

1,569

670

2

(973)

(11)

(50)

1,207

Obligations from sales and purchase contracts

 

775

766

(191)

(26)

7

1,331

Restructuring measures

 

196

25

(58)

(6)

(2)

155

Litigation, damage claims, warranties and similar obligations

 

86

11

(11)

(3)

6

89

Other

 

1,479

78

(101)

(11)

(50)

1,395

Total

 

5,909

1,627

18

(1,399)

(76)

(98)

5,981

On June 30, 2016, other provisions had risen by €72 million compared with year-end 2015.

A significant drop was posted in provisions for employee obligations following the payout of the 2015 bonus to employees of the BASF Group.

Current accruals for discounts considerably surpassed the utilization of provisions from 2015, leading to a seasonal increase in provisions for obligations from sales contracts.

Other changes include changes in the scope of consolidation, currency effects and the reclassification of obligations to liabilities when the amount and timing of these obligations become known.