15 – Other provisions
|
|
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.