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Part 3 - Financial statements
93
31. PROVISIONS FOR OTHER LIABILITIES AND CHARGES
Provisions for restructuring, warranty, losses on contracts
and others are accounted for and estimated on the basis
of the probability of future cash-out payments as well as
historical information based on facts and circumstances
known at the closing date. The actual charge may differ
from the amounts accounted for.
‘Provisions for restructuring’ relate to entities located in
Belgium, the related cash-out being spread out in time.
The main movement during the year is related to the decrease
of provisions for warranty due to the expiration of the
warranty period of several contracts in the United States.
The Board of Directors considers that these amounts
constitute the best current estimate and that the Group
will not have to bear any additional charge.
in EUR ‘000’ Restructuring Warranty Losses Other Total
on contracts
provisions
Balance as of 01 January 2010 723 3 018 1 594 2 352 7 687
Additions - 1 793 56 231 2 080
Reversals - (580 ) (731 ) (780 ) (2 091 )
Use of provision (371 ) (705 ) - (806 ) (1 882 )
Exchange differences - 231 37 160 428
Entry / changes in consolidation scope - 129 - 118 247
Other movements 13 100 (672 ) 559 -
Balance as of 31 December 2010 365 3 986 284 1 834 6 469
Additions 329 2 143 289 357 3 118
Reversals (187) (440) - (159) (786)
Use of provision - (588) (37) (263) (888)
Exchange differences - 227 (12) (54) 161
Other movements - 12 (1) (11) -
Balance as of 31 December 2011 507 5 340 523 1 704 8 074
Additions 754 892 45 245 1 936
Reversals (20) (1 557 ) (28) (1) (1 606 )
Use of provision (629) (797) - (11 ) (1 437 )
Exchange differences - (130) (5) (41) (176)
Balance as of 31 December 2012 612 3 748 535 1 896 6 791
Of which non-current provisions 215 373 88 - 676
Of which current provisions 397 3 375 447 1 896 6 115