FINANCIAL STATEMENTS - KPN

Consolidated Financial Statements
Notes to the Consolidated Statement of Financial Position continued
[23] Provisions for other liabilities and charges
Amounts in millions of EUR December 31, 2012 December 31, 2011
Restructuring provision 162 102
Asset retirement obligations 303 352
Other provisions 108 72
Balance 573 526
– of which: non-current 387 397
– of which: current 186 129
Restructuring provision
The restructuring provision consists of the following components:
Amounts in millions of EUR 2012 2011
Personnel (redundancy obligations) 111 98
Contractual obligations 51 4
Restructuring provision 162 102
Of the restructuring provision an amount of EUR 131 million has a term of less than one year (2011: EUR 100 million), EUR 31 million of provisions
has a term of between one and five years (2011: EUR 2 million).
The movements in the restructuring provision are as follows:
Personnel
Contractual
obligations
Total
Balance as of January 1, 2011 54 6 60
– of which: current portion 53 4 57
Additions / Releases 127 3 130
Usage -83 -5 -88
Balance as of December 31, 2011 98 4 102
– of which: current portion 98 2 100
Additions / Releases 123 50 173
Usage -110 -3 -113
Balance as of December 31, 2012 111 51 162
– of which: current portion 111 20 131
Personnel (redundancy obligations)
During 2012 and 2011, KPN continued to substantially reduce its staff. In 2012 the restructuring provision relates to the continued restructuring
based on the current strategy and amounted EUR 111 million as at December 31, 2012.
The total amount of additions and releases of personnel provision comprised a release of EUR 70 million related to redundancy program
at Corporate Market in 2011 and an additional charge to this program of EUR 76 million in 2012.
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KPN | Annual Report 2012