Registration Document

P ◀ CONTENTS ▶
4.19 Provisions
(in millions of euro)
August 31,
2010
Increases/
charges
Reversals
with
utilization
Consolidated information 06
Notes to the Consolidated Financial Statements
Reversals
without
utilization
Translation
adjustment
and other
items
Changes
in scope of
consolidation
discounting
impact on
long-term
provisions
August 31,
2011
Tax and social
security exposures
Employee claims
30 10 (3) (7) 1 31
and litigation
Contract termination
and loss-making
27 16 (15) (3) 3 28
contracts
Client/supplier
21 5 (14) (3) (3) 6
claims and litigation
Negative net assets
14 7 (5) (1) (1) 14
of associates* 23 0 0 0 (2) 21
Other provisions 11 4 (4) 0 (2) 9
ToTAL 126 42 (41) (14) (4) 109
* Negative net assets of associates (see note 4.9).
Provisions for exposures and litigation are determined
on a case by case basis and rely on management’s best
estimate of the outflows deemed likely to satisfy legal
Current and non-current provisions are as follows:
(in millions of euro)
or implicit obligations to which the Group is exposed
as of the end of the year.
August 31, 2011 August 31, 2010
Current Non-current Current Non-current
Tax and social security exposures 14 17 17 13
Employee claims and litigation 17 11 16 11
Contract termination and loss-making contracts 4 2 14 7
Client/supplier claims and litigation 9 5 8 6
Negative net assets of associates* 0 21 0 23
Other provisions 3 6 7 4
ToTAL 47 62 62 64
* Negative net assets of associates (see note 4.9).
Sodexo Registration Document Fiscal 2011
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