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Wavin Annual Report 2010 | page 125The input used in the measurement of the fair values at grant date of the Long Term Incentive Plan is as follows:(€ × 1 – unless other wise stated) 2010 2009 2008Fair value of matching shares at grant date 1.38 1.48 6.16Adjusted fair value matching shares due to rights issue – 0.60 2.51Adjusted fair value matching shares due to reverse stock split 11.04 4.80 20.08Fair value performance option at grant date 0.45 0.36 1.57Adjusted fair value performance option at grant date due to rights issue – 0.15 0.64Adjusted fair value performance option at grant date due to reversestock split 3.60 1.20 5.12Share price at grant date 1.40 1.89 7.38Exercise price at grant date 1.40 1.96 7.29Adjusted exercise price due to rights issue – 0.80 2.97Adjusted exercise price due to reverse stock split 11.20 6.40 23.76Expected volatility (weighted average) (%) 40% 40% 35%Option life (expected weighted average in years) 5.76 6.17 5.83Expected dividends 0.03 0.14 0.46Risk-free interest rate (based on government bonds) (%) 2.93% 3.28% 3.70%The effect of forfeitures is remeasured at each reporting date and at settlement date.The expenses related to the share-based payment plans and Long Term Incentive Plan can be summarised as follows:(€ x 1,000) 2010 2009Expense arising from shares granted in 2008 75 103Expense arising from shares granted in 2009 22 20Expense arising from shares granted in 2010 41 –Expense arising from options granted in 2010 44 –Effect of share appreciation rights granted in 2006 – 51Total expense recognised as personnel costs 182 174Total unrecognised value of liability for vested benefits – –As options granted in 2008 and 2009 are not expected to meet the vesting conditions no expenses are taken into account.29. Provisions(€ x 1,000) WARRANTY RESTRUC-TURINGTAXPROVISIONSOTHERPROVISIONSTOTALBalance at 1 January 2010 3,832 3,904 6,611 9,494 23,841Provisions made during the year 1,877 6,078 800 1,001 9,756Provisions used during the year (1,443) (5,696) – (1,006) (8,145)Provisions reversed during the year (757) (46) – (533) (1,336)Effect of movements in foreign exchange 35 2 1,259 123 1,419Other movements – – – 767 767Balance at 31 December 2010 3,544 4,242 8,670 9,846 26,302Non-current 1,113 878 8,670 6,809 17,470Current 2,431 3,364 – 3,037 8,832