Annual Report 2002 - Agfa

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Miscellaneous liabilities can be presented as follows:
20. Miscellaneous liabilities
MILLION EUROS 2002 2001
Tax liabilities 59 50
Payroll liabilities 49 82
Liabilities for social expenses 33 36
Accrued interest on liabilities 5 7
Liabilities from the acceptance of drafts - 2
Other miscellaneous liabilities 103 113
TOTAL 249 290
Tax liabilities include not only Group companies’ own tax liabilities, but also taxes
withheld on behalf of third parties.
Liabilities for social expenses include, in particular, social insurance contributions
that had not been paid over at closing date.
Other miscellaneous liabilities comprise numerous individual items such as
guarantees, commissions to customers, liabilities under cash management, etc.
A. Current
21. Provisions
MILLION EUROS
Environmental
Trade-related Taxes Other Total
Provisions at December 31, 2001 10 161 46 163 380
Change in consolidation scope - - 1 - 1
Provisions made during the year 9 137 44 126 316
Provisions used during the year (1) (154) (15) (108) (278)
Provisions reversed during the year (1) (8) (2) (14) (25)
Translation differences (2) (16) (6) (10) (34)
Transfers - (2) (7) 29 20
Provisions at December 31, 2002 15 118 61 186 380
Provisions for trade-related commitments include subsequent payments to customers
relating to goods and services purchased in the accounting period, such as customer
bonuses or rebates in kind or in cash, warranty liabilities, agents’ commissions and
impending or anticipated losses on purchase or sales contracts.
Other provisions relate mainly to provisions set up for restructuring expenses
(note 6). Other provisions moreover include provisions for litigation, claims and
negative outcome of commitments.
Agfa annual report 2002
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