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noteS TO THE CONSolidated FINANCIAL StatementS
conSolidated FINANCIAL StatementS FOR THE Year ENDED 31 DECEMBER 2011
Anniversary bonus provisions
Provisions for anniversary bonuses derived from collective bargaining and/or company agreements were
calculated using the same parameters as for the provision for severance payments.
The following table shows the movements in anniversary bonus provisions:
EUR thousand 2011 2010
As at 1 Jan 3,084 2,493
Allocation 192 481
Interest cost 136 128
Use (147) (18)
As at 31 Dec 3,265 3,084
Other non-current provisions
The changes in other non-current provisions are shown in the following table:
EUR thousand 2011 2010
As at 1 Jan 20,015 4,262
Acquisitions 2,479 18,550
Allocation 2,241 0
Interest cost 1,962 537
Use 0 (220)
Reversal 0 (3,318)
Foreign currency translation 7 204
As at 31 Dec 26,704 20,015
Other provisions contain EUR 21,049 thousand of purchase price portions from previous years not yet fallen due.
This portion of the purchase price depends on the net profit of the business acquired and will become due and
payable in 2016. No changes in measurement were made compared to the previous year.
A purchase price obligation of EUR 2,479 thousand not yet fallen due relates to 2011; it is determined by the
future revenue generated by the unit. This purchase price share will probably become due and payable by 2014.
The reversal made in the 2010 financial year primarily results from the reversal of the provision for the portion of
the purchase price for the acquisition of Omaha Standard, Inc., USA, that has not yet fallen due.
(44) OTHER NON-current LIABILITIES
Other non-current liabilities primarily relate to foreign taxes and liabilities to employees as well as deferred income.
palfinger Annual Report 2011
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