29 Noncurrent and current other provisions

 Download

 

 

 

 

 

 

 

 

 

€ million

 

Obligations  arising from  sales

 

Employee  expenses

 

Other  provisions

 

Total

Balance at Jan. 1, 2007

 

9,152

 

3,680

 

3,169

 

16,001

Foreign exchange differences

 

–102

 

–5

 

5

 

–102

Changes in
consolidated Group

 

0

 

6

 

99

 

105

Utilized

 

4,062

 

1,656

 

579

 

6,297

Additions/New provisions

 

5,445

 

1,093

 

2,011

 

8,549

Interest cost

 

41

 

–14

 

–4

 

23

Reversals

 

339

 

75

 

307

 

721

Balance at Jan. 1, 2008

 

10,135

 

3,029

 

4,394

 

17,558

Foreign exchange differences

 

–70

 

–23

 

–183

 

–276

Changes in
consolidated Group

 

148

 

3

 

120

 

271

Held for sale

 

90

 

7

 

127

 

224

Utilized

 

4,375

 

1,143

 

1,173

 

6,691

Additions/New provisions

 

5,097

 

1,079

 

1,867

 

8,043

Interest cost

 

118

 

4

 

7

 

129

Reversals

 

458

 

122

 

684

 

1,264

Balance at Dec. 31, 2008

 

10,505

 

2,820

 

4,221

 

17,546

The obligations arising from sales contain provisions covering all risks relating to the sale of vehicles, components and genuine parts through to the disposal of end-of-life vehicles. They primarily comprise warranty claims, calculated on the basis of losses to date and estimated future losses. They also include provisions for discounts, bonuses and similar allowances incurred after the balance sheet date, but for which there is a legal or constructive obligation attributable to sales revenue before the balance sheet date.

Provisions for employee expenses are recognized for long-service awards, time credits, the part-time scheme for employees near to retirement, severance payments and similar obligations, among other things.

Other provisions relate to a wide range of identifiable risks and uncertain obligations and are measured in the amount of the expected settlement value.

Other provisions include technical provisions (insurance) amounting to €139 million (previous year: €115 million).

48% of the other provisions are expected to result in cash outflows in the following year, 42% between 2010 and 2013, and 10% thereafter.

Top
Deutsch | English
Print Manager
Mark this page for later printing or print all marked pages.
Download Manager
Collect files for a combined download
Compare Key Figures
Create your personal overview of important key figures.