15 – Other provisions
|
|
Jan. 1, 2016 |
Additions |
Unwinding of discount |
Utilization |
Reversals |
Other changes |
Mar. 31, 2016 |
|---|---|---|---|---|---|---|---|---|
Restoration obligations |
|
1,266 |
38 |
7 |
(15) |
(13) |
(16) |
1,267 |
Environmental protection and remediation costs |
|
538 |
24 |
1 |
(16) |
(1) |
(9) |
537 |
Employee obligations |
|
1,569 |
344 |
− |
(238) |
(49) |
(12) |
1,614 |
Obligations from sales and purchase contracts |
|
775 |
430 |
− |
(131) |
(17) |
(22) |
1,035 |
Restructuring measures |
|
196 |
19 |
− |
(18) |
(1) |
(3) |
193 |
Litigation, damage claims, warranties and similar obligations |
|
86 |
5 |
− |
(3) |
(1) |
1 |
88 |
Other |
|
1,479 |
42 |
− |
(47) |
(5) |
(14) |
1,455 |
Total |
|
5,909 |
902 |
8 |
(468) |
(87) |
(75) |
6,189 |
On March 31, 2016, other provisions had risen by €280 million compared with year-end 2015. Currency effects were responsible for a reduction of €76 million.
In provisions for employee obligations, proportional additions for variable compensation components in the current business year exceeded the utilizations up to that point for the previous year. The bulk of the payout for variable compensation for 2015 will take place in the second quarter of 2016. Provisions for the long-term incentive program were reduced by a total of €52 million in the first quarter of 2016, including the influence of currency effects.
Accruals and deferrals for discounts that exceeded the utilization of provisions from the previous year led to a seasonal increase in provisions for sales risks. Generally, the largest amount of provision utilizations for rebates takes place in the fourth quarter of the business year.