Company 30: Provisions
|TEUR#26,227
| Provisions for warranties |
13.170 |
13.603 |
|---|
| Provisions for retirement benefits and jubilee premiums |
11.899 |
11.894 |
|---|
| Other provisions |
1.158 |
1.900 |
|---|
| Total |
26.227 |
27.397 |
|---|
Movements in provisions in 2011
| Provisions for warranties |
13.603 |
-8.013 |
-4.109 |
11.689 |
13.170 |
|---|
| Provisions for retirement benefits and jubilee premiums |
11.894 |
-704 |
-81 |
790 |
11.899 |
|---|
| Other provisions |
1.900 |
-60 |
-997 |
315 |
1.158 |
|---|
| Total |
27.397 |
-8.777 |
-5.187 |
12.794 |
26.227 |
|---|
Movements in provisions in 2010
| Provisions for warranties |
12.707 |
-8.688 |
-869 |
10.453 |
13.603 |
|---|
| Provisions for retirement benefits and jubilee premiums |
11.458 |
-775 |
0 |
1.211 |
11.894 |
|---|
| Other provisions |
1.948 |
-112 |
-110 |
174 |
1.900 |
|---|
| Total |
26.113 |
-9.575 |
-979 |
11.838 |
27.397 |
|---|
Non-current provisions for warranties were created on the basis of estimated costs of warranties calculated by considering the historical data on the quality level of products and the costs of repairs under warranties. The actuarial calculation of estimated future payments of retirement benefits and jubilee premiums was made as at 31 December 2011. In 2011, provisions were created in the amount of TEUR 790 (2010: TEUR 1,211) and charged against current profit or loss. The amount of provisions results from a higher discount rate applied in the calculation of provisions (in 2011: 5.10%, in 2010: 4.9%) and a yearly increase in provisions for the existing employees. Other provisions include provisions for claims filed with the court.
