34. Other provisions (non-current)/provisions (current)
In the reporting period, other provisions (non-current)/provisions (current) changed as follows:
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€ million |
Real estate-related obligations |
Obligations from trade transactions |
Restructuring |
Taxes |
Miscellaneous |
Total |
As of 1/10/2014 |
265 |
111 |
118 |
155 |
443 |
1,093 |
Currency translation |
−8 |
−1 |
0 |
0 |
−3 |
−12 |
Addition |
193 |
143 |
126 |
43 |
319 |
825 |
Reversal |
−48 |
−4 |
−10 |
−22 |
−75 |
−160 |
Utilisation |
−78 |
−131 |
−75 |
−70 |
−223 |
−577 |
Change in consolidation group |
0 |
0 |
0 |
−3 |
−1 |
−4 |
Interest portion in addition/change in interest rate |
6 |
0 |
0 |
0 |
2 |
9 |
Transfer |
−31 |
−21 |
−16 |
−1 |
15 |
−54 |
As of 30/9/2015 |
298 |
97 |
143 |
103 |
478 |
1,120 |
Non-current |
165 |
0 |
59 |
61 |
207 |
492 |
Current |
133 |
97 |
85 |
42 |
271 |
628 |
As of 30/9/2015 |
298 |
97 |
143 |
103 |
478 |
1,120 |
Provisions for real estate-related obligations concern store-related risks in the amount of €107 million (30/9/2014: €121 million), deficient rental covers amounting to €92 million (30/9/2014: €63 million), rental commitments amounting to €40 million (30/9/2014: €35 million) and reinstatement obligations amounting to €29 million (30/9/2014: €21 million).
Other real estate obligations in the amount of €31 million (30/9/2014: €25 million) essentially relate to maintenance obligations.
Significant components of the obligations from trade transactions are provisions for rebates from customer loyalty programmes in the amount of €32 million (30/9/2014: €52 million), provisions for rights of return of €22 million (30/9/2014: €25 million) as well as provisions for warranty services in the amount of €19 million (30/9/2014: €20 million).
Restructuring provisions totalling €143 million (30/9/2014: €118 million) essentially relate to METRO Cash & Carry in the amount of €63 million (30/9/2014: €55 million), Real in the amount of €13 million (30/9/2014: €29 million) and other companies in the amount of €58 million (30/9/2014: €8 million).
Other provisions mainly concern provisions for litigation costs/risks in the amount of €132 million (30/9/2014: €144 million) and for severance obligations totalling €57 million (30/9/2014: €53 million). In addition, they comprise provisions for share-based payments amounting to €21 million (30/9/2014: €15 million), surety and guarantee risks of €18 million (30/9/2014: €23 million) and interest for other provisions amounting to €16 million (30/9/2014: €47 million).
Transfers concern both reclassifications within other reserves as well as reclassifications related to discontinued operations.
Depending on the respective terms and countries, interest rates of non-interest-bearing, non-current provisions range from 0.0 per cent to 15.92 per cent.
For more information about share-based payments, see no. 50 – long-term incentive for executives.