15 – Other provisions
|
|
January 1, 2017 |
Additions |
Unwinding of discount |
Utilization |
Releases |
Other changes |
June 30, 2017 |
|---|---|---|---|---|---|---|---|---|
Restoration obligations |
|
1,297 |
7 |
14 |
(19) |
(2) |
(52) |
1,245 |
Environmental protection and remediation costs |
|
588 |
78 |
1 |
(32) |
(4) |
(18) |
613 |
Employee obligations |
|
1,933 |
880 |
1 |
(1,101) |
(183) |
(94) |
1,436 |
Obligations from sales and purchase contracts |
|
928 |
882 |
− |
(248) |
(28) |
(80) |
1,454 |
Restructuring measures |
|
208 |
19 |
− |
(38) |
(2) |
(7) |
180 |
Litigation, damage claims, warranties and similar obligations |
|
109 |
9 |
− |
(9) |
(6) |
(6) |
97 |
Other |
|
1,406 |
84 |
− |
(148) |
(8) |
(28) |
1,306 |
Total |
|
6,469 |
1,959 |
16 |
(1,595) |
(233) |
(285) |
6,331 |
On June 30, 2017, other provisions were €138 million below the level of year-end 2016.
A significant drop was posted in provisions for employee obligations following the payout of the 2016 bonus to employees of the BASF Group and a partial release of provisions for the long-term incentive program.
Current accruals for discounts considerably surpassed the utilization of provisions from 2016. This led to a seasonal increase in provisions for obligations from sales contracts.
Other changes include currency effects and the reclassification of obligations to liabilities when the amount and timing of these obligations become known.