33. Other provisions (non-current)/provisions (current)
In the financial year 2012, other provisions (non-current)/provisions (current) changed as follows:
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|
€ million |
Real estate-related obliga- |
Obliga- |
Restruc- |
Taxes |
Other |
Total |
|
As of 1/1/2012 |
194 |
189 |
159 |
191 |
276 |
1,009 |
|
Currency translation |
–1 |
1 |
0 |
0 |
2 |
3 |
|
Addition |
138 |
163 |
139 |
79 |
271 |
790 |
|
Disposal |
–33 |
–6 |
–15 |
–16 |
–50 |
–120 |
|
Utilisation |
–72 |
–160 |
–101 |
–111 |
–151 |
–594 |
|
Change in consolidation group |
0 |
0 |
0 |
0 |
–6 |
–6 |
|
Interest portion in addition/change in interest rate |
8 |
2 |
2 |
0 |
1 |
13 |
|
Transfer |
–18 |
–6 |
2 |
–1 |
–4 |
–27 |
|
As of 31/12/2012 |
217 |
184 |
186 |
142 |
339 |
1,068 |
|
Non-current |
139 |
0 |
32 |
112 |
141 |
424 |
|
Current |
78 |
184 |
154 |
30 |
198 |
644 |
|
As of 31/12/2012 |
217 |
184 |
186 |
142 |
339 |
1,068 |
Provisions for real estate-related obligations concern store-related risks in the amount of €116 million (previous year: €79 million), deficient rental covers of €22 million (previous year: €59 million), rental commitments of €46 million (previous year: €21 million) as well as reinstatement obligations in the amount of €20 million (previous year: €20 million).
Other real estate obligations in the amount of €13 million (previous year: €15 million) stem essentially from maintenance obligations.
Significant components of the obligations from trade transactions are provisions for rebates from customer loyalty programmes in the amount of €75 million (previous year: €78 million), provisions for warranty services in the amount of €52 million (previous year: €56 million) as well as provisions for rights of return of €40 million (previous year: €41 million).
Restructuring provisions totalling €186 million (previous year: 159 million) essentially concern the Real sales line in the amount of €67 million (previous year: €77 million), METRO Cash & Carry in the amount of €47 million (previous year: €35 million) and other companies in the amount of €50 million (previous year: €6 million).
The other provisions item contains mainly provisions for litigation costs/risks in the amount of €76 million (previous year: €47 million). These include, among other things, commitments related to a court-enforced out-of-court settlement in 2012 in connection with a shareholder action. In addition, the other provisions item includes severance obligations of €35 million (previous year: €22 million) as well as surety and guarantee risks of €22 million (previous year: €19 million). Provisions for share-based payments amount to €6million (previous year: €9 million). In addition, this category includes interest on other provisions in the amount of €49 million (previous year: €75 million).
Supplementary explanations on share-based payments are provided in no. 48 “Share-based payment for executives”.
Changes in the consolidation group resulted from the divestment of the cash & carry business in the United Kingdom.
Transfers essentially concern provisions that were reclassified to “assets held for sale” in the context of the divestment of Real’s Eastern European business.
Depending on the respective terms and countries, interest rates of non-interest-bearing, non-current provisions range from 1.9 percent to 11.7 percent.