Financial Statements - Geberit

17. Other non-current provisions
and liabilities
18. Commitments and
contingencies
Provisions for operating risks
Accrued grant payments
Other
Total other non-current provisions and liabilities
Provisions for operating risks mainly include provisions for warranties.
The Group has entered into firm commitments for capital expenditures of
mchf 4.1 at 31 December 2000 (1999: mchf 7.5).
The Group is involved in certain legal proceedings arising in the normal
course of business. The Group believes that none of these proceedings either
individually or in the aggregate are likely to have a material adverse effect
on the Group’s financial position or results of operations. The Group has
established insurance policies to cover certain product liabilities and it provides
for potential product warranty claims.
The Group is also subject to various environmental laws and regulations in
the jurisdictions in which it operates. In the normal course of business, the
Group incurs, and will continue to incur, capital and operating expenditures
and other costs in complying with such laws and regulations in most of the
countries in which it operates. The Group does not currently anticipate any
material capital expenditures for environmental control technology outside
the normal course of its business. Some risk of environmental liability is inherent
in the Group’s business, and there can be no assurance that material
environmental costs will not arise in the future. However, the Group does not
anticipate any material adverse effect on its results of operations or financial
position as a result of future costs of environmental compliance.
The Group operates in many countries, most of which have sophisticated tax
regimes. The nature of its operations, and the significant reorganisations that
have taken place in recent years, result in the Group’s and its subsidiaries’ tax
affairs being complex. The Group believes that it performs its business in accordance
with the local tax laws. However, it is possible that there are areas
where potential disputes with the various tax authorities could arise in the
future. The Group is not aware of any current disputes that either individually
or in the aggregate could likely have a material adverse effect on the Group’s
financial position or results of operations.
69
1999
mchf
9.9
1.5
2.9
14.3
2000
mchf
7.4
1.6
0.1
9.1