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BROADENING OUR HORIZONS - Arrium

BROADENING OUR HORIZONS - Arrium

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OneSteel Annual Report 201118. Provisions94CONSOLIDATEDCurrentEmployee benefits (Note 29) 265.3 256.9Restoration and rehabilitation 11.2 9.9Legal and customer claims 7.3 7.8Restructuring 8.4 4.2292.2 278.8Non-currentEmployee benefits (Note 29) 44.2 39.2Defined benefit liability (Note 19) 41.1 —Restoration and rehabilitation 117.3 75.0Legal and customer claims 3.4 3.2Restructuring 0.4 0.6206.4 118.02011$m2010$mCONSOLIDATED2011Legal andcustomer claims$mRestoration andrehabilitation$mRestructuring$mTotal$mMovements in carrying amountsCarrying amount at the beginning of the year 11.0 84.9 4.8 100.7Additional amounts provided 6.9 13.8 10.1 30.8Business combinations 0.5 36.6 0.8 37.9Reversal of unutilised amounts (3.0) (0.9) (2.2) (6.1)Amounts utilised (4.7) (6.7) (4.3) (15.7)Net foreign currency differences on translation of foreign operations — (0.7) (0.4) (1.1)Unwinding of discount to present value — 1.5 — 1.5Carrying amount at the end of the year 10.7 128.5 8.8 148.0Provisions for restoration and rehabilitationProvisions for restoration and rehabilitation relate to reclamation, site closure and other costs.Provisions for legal and customer claimsProvisions for legal and customer claims relate to estimates of settlement of legal claims with regulators, customers and other thirdparties for alleged liability and/or legal costs associated with such claims.Provisions for restructuringProvisions for restructuring comprise of obligations relating to redundancies from organisational changes and other direct expenditureassociated with business restructures.

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