Complete Annual Report - Uralita

12. Provisions
The detail of movements in this heading in the consolidated balance sheets at 31 December 2005 and
2004 is the following:
Taxes Post-employment Other TOTAL
Thousands of euros benefits liabilities
Balance at 1 January 2004 3,495 5,902 5,674 15,071
Allocation - 193 9,974 10,167
Amounts applied - (5,591) (976) (6,567)
Reversal to profit or loss (463) (144) (468) (1,075)
Reclassifications and other (1,506) 681 1,792 967
Balance at 31 December 2004 1,526 1,041 15,996 18,563
Change in consolidation scope (194) - (1,673) (1,867)
Allocation - 1,447 6,205 7,652
Amounts applied - (367) (4,239) (4,606)
Reversal to profit or loss - (204) (3,185) (3,389)
Translation differences - - (323) (323)
Reclassifications and other - 1,349 (1,772) (423)
Balance at 31 December 2005 1,332 3,266 11,009 15,607
“Other liabilities” mainly relate to provisions deemed necessary for ongoing procedures against the
Group and other commitments assumed with investees that have been disposed of or wound up. It also
includes €1,166 thousand for CO 2 emission rights used in 2005 in accordance with the accounting
principle described in Note 4.20.
The provision for post-employment benefits includes amounts considered sufficient to meet the
commitments accrued at that date by certain consolidated foreign subsidiaries (see Note 4.11).
13. Interest-bearing loans and borrowings
13.1. Bonds and other marketable securities
The detail of the balance of this heading in the consolidated balance sheets at 31 December 2005 and
2004 is the following:
31 December 2005 31 December 2004
Thousands of euros Non-current Current Non-current Current
2004 private bond placement 123,484 - 123,484 -
Uralita, S.A. 1955 debenture issue 20 19 38 17
Less: Issue costs (944) - (1,081) -
Total 122,560 19 122,441 17
146