Values

126
Group Financial Statements
Notes
21 Other Provisions
12/31/2008 Additions Releases Usage Other Change of 12/31/2009
of which
effects consolida-
of which
in € millions
> 1 year
tion scope
> 1 year
Taxes 7 – 1 – (3) – – 5 –
Restructuring 93 4 77 (10) (88) 9 – 81 9
Litigation 90 22 42 (23) (22) 1 – 88 5
Onerous contracts 94 33 119 (7) (33) (1) – 172 51
Deferred remuneration 55 53 3 – (8) (14) (1) 35 34
Personnel, miscellaneous 28 – 7 (2) (10) (7) – 16 4
Guarantees and warranties 17 – 6 – (1) (11) – 11 –
Sales and distribution 11 – 5 (5) (3) 2 – 10 –
Other 156 27 59 (43) (50) 10 2 134 37
551 139 319 (90) (218) (11) 1 552 140
In accordance with IAS 37, restructuring provisions include
termination benefi ts and other costs relating to the discontinuation
of business activities. Provisions of €81 million (previous
year: €93 million) are recognized for various restructuring programs
within the Bertelsmann Group.
Reported provisions for litigation of €61 million pertain to
RTL Group companies.
22 Profi t Participation Capital
in € millions 12/31/2009 12/31/2008
Nominal value 516 516
Premium 190 190
706 706
Th e profi t participation capital is made up of profi t participation
certifi cates issued in 2001 (ISIN DE 000 522 9942, hereafter
referred to as: 2001 profi t participation certifi cates) and profi t
participation certifi cates issued in 1992 (ISIN DE 000 522 9900,
hereafter referred to as 1992 profi t participation certifi cates). Th e
2001 profi t participation certifi cates have a nominal value of €10,
while the 1992 profi t participation certifi cates have a nominal
23 Financial Debt
Financial debt includes all of the Bertelsmann Group’s interest-bearing
liabilities to banks and capital markets at the
value of €0.01. As of the balance sheet date, as was the case in
the previous year, nominal profi t participation capital was comprised
of €499 million in 2001 profi t participation certifi cates and
€17 million in 1992 profi t participation certifi cates. Th e 1992 and
2001 profi t participation certifi cates are listed for public trading
on the Regulated Market.
balance sheet date. Carrying amounts are calculated as follows:
Current Non-current
12/31/2009 12/31/2008 Remaining term in years 12/31/2009 12/31/2008
in € millions 1–5 > 5
Bonds 741 804 1,391 1,628 3,019 3,083
Promissory notes – – 628 – 628 597
Liabilities to banks 123 148 82 1 83 98
Lease liabilities 93 30 54 68 122 209
Other fi nancial debt 32 29 37 – 37 30
989 1,011 2,192 1,697 3,889 4,017
Bertelsmann Annual Report 2009