ANNUAL REPORT 2011 - Kuehne + Nagel

98
Consolidated Financial Statements 2011 _ _ _ _ _ _ Other Notes
41 Provisions
The movements in provisions were as follows:
CHF million Claim Provision for Others 3 Total
provisions 1 deductible of provision
transport
liability
insurance 2
Balance as of January 1, 2010 76 29 53 158
Provisions used –10 –12 –13 –35
Provisions reversed –8 –3 –7 –18
Provisions made 24 15 32 71
Effect of movements in foreign exchange –5 – –8 –13
Balance as of December 31, 2010 77 29 57 163
of which
— Current portion 38 6 25 69
— Non-current portion 39 23 32 94
Total provisions 77 29 57 163
Balance as of January 1, 2011 77 29 57 163
Additions through business combinations 1 – 1 2
Provisions used –19 –11 –13 –43
Provisions reversed –6 –2 –8 –16
Provisions made 23 14 20 57
Effect of movements in foreign exchange –1 – –1 –2
Balance as of December 31, 2011 75 30 56 161
of which
— Current portion 27 8 29 64
— Non-current portion 48 22 27 97
Total provisions 75 30 56 161
1 Some companies are involved in legal cases based on logistics services provided. Some legal cases have been settled in the reporting
period, and corresponding payments have been made. In addition, a provision has been made in respect of a civil class action law suit relating
to a competition investigation in the USA which itself has been settled in the meantime. The provision represents the best estimate of the
amount to settle the class action claim and the associated legal expenses, but acknowledges that the final amount required to pay all claims
and fines is subject to uncertainty. A detailed breakdown of the claim is not presented as it may seriously prejudice the position of the Group
in the pending litigations (see also note 23 and 45).
2 An additional provision for deductibles in case of transport liability has been recognised for the current year’s exposure.
3 Other provisions consist mainly of provisions for dilapidation costs amounting to CHF 22 million (2010: CHF 20 million) and of provisions
for onerous contracts amounting to CHF 14 million (2010: CHF 20 million).