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 1/10/2015 |
298 |
97 |
143 |
103 |
478 |
1,120 |
Currency translation |
2 |
0 |
0 |
0 |
−3 |
−1 |
Addition |
141 |
124 |
204 |
24 |
211 |
704 |
Reversal |
−60 |
−3 |
−24 |
−22 |
−115 |
−224 |
Utilisation |
−87 |
−118 |
−92 |
−49 |
−167 |
−513 |
Change in consolidation group |
0 |
0 |
0 |
0 |
−1 |
−1 |
Interest portion of the addition/change in interest rate |
4 |
0 |
−3 |
0 |
1 |
2 |
Transfer |
−9 |
1 |
49 |
0 |
−38 |
2 |
As of 30/9/2016 |
289 |
101 |
278 |
54 |
366 |
1,088 |
Non-current |
152 |
0 |
67 |
31 |
133 |
383 |
Current |
136 |
101 |
211 |
24 |
233 |
705 |
As of 30/9/2016 |
289 |
101 |
278 |
54 |
366 |
1,088 |
Provisions for real estate-related obligations concern store-related risks in the amount of €124 million (30/9/2015: €107 million), deficient rental covers amounting to €62 million (30/9/2015: €92 million), rental commitments amounting to €48 million (30/9/2015: €40 million) and reinstatement obligations amounting to €32 million (30/9/2015: €29 million).
Other real estate obligations in the amount of €23 million (30/9/2015: €31 million) stem essentially from maintenance obligations.
Significant components of the provisions for obligations from trade transactions are provisions for rebates from customer loyalty programmes in the amount of €35 million (30/9/2015: €32 million), provisions for rights of return of €22 million (30/9/2015: €22 million) as well as provisions for warranty services in the amount of €20 million (30/9/2015: €19 million).
Restructuring provisions totalling €278 million (30/9/2015: €143 million) essentially relate to METRO Cash & Carry in the amount of €126 million (30/9/2015: €63 million), Real in the amount of €15 million (30/9/2015: €13 million) and other companies in the amount of €125 million (30/9/2015: €58 million).
Other provisions primarily relate to provisions for litigation costs/risks in the amount of €76 million (30/9/2015: €132 million) and provisions for share-based payments amounting to €40 million (30/9/2015: €21 million). In addition, they include provisions for surety and guarantee risks totalling €29 million (30/9/2015: €18 million), for severance obligations in the amount of €11 million (30/9/2015: €57 million) and for interest on tax provisions of €9 million (30/9/2015: €16 million).
Reversals essentially concern risk provisions related to portfolio measures and settled legal disputes.
Transfers essentially concern reclassifications within other provisions.
Depending on the respective term and country, interest rates for non-interest-bearing, non-current provisions range from 0.00 per cent to 5.62 per cent.
For more information about share-based payments, see no. 50 – long-term incentive for executives.