2013 Registration document and annual financial report - page 296

Registration Document 2013
294
FINANCIAL STATEMENTS
Parent Company Financial Statements and Notes
5
NOTE
7 MOVEMENTS IN PROVISIONS
(in millions of euros)
At Jan. 1,
2013
Increase
Decrease
At Dec. 31,
2013
Surplus
provisions
Utilized
provisions
Excess tax depreciation
6
3
(1)
-
8
UNTAXED PROVISIONS
6
3
(1)
-
8
Claims and litigation
1
1
-
-
2
Foreign exchange losses
-
1
-
-
1
Other
(1)
45
9
(13)
(1)
40
PROVISIONS FOR CONTINGENCIES
46
11
(13)
(1)
43
Pensions and other post-employment benefit obligations
(3)
47
8
(23)
-
32
Taxes
19
11
(2)
-
28
Other
10
42
(1)
(4)
47
PROVISIONS FOR CHARGES
(2)
76
61
(26)
(4)
107
Total provisions
128
75
(40)
(5)
158
Intangible assets
17
-
-
-
17
Property and equipment
1
1
(1)
-
1
Investments*
3,067
79
(197)
-
2,949
Trade receivables
14
2
(2)
-
14
Other receivables*
49
13
(27)
-
35
Total impairment in value
(4)
3,148
95
(227)
-
3,016
(4)
TOTAL PROVISIONS AND IMPAIRMENT INVALUE
3,276
170
(267)
(5)
3,174
Income statement impact of movements in provisions
Increase
Decrease
Operating income and expenses
53
(26)
Financial income and expenses
99
(114)
Non-recurring income and expenses
13
(10)
Movements with no income-statement impact
5
(122)
TOTAL
170
(272)
* Recorded in accordance with the accounting policy described in note 1c.
(1) Other provisions for contingencies mainly comprised €37 million in provisions for risks related to subsidiaries.These provisions are set aside after taking into account
provisions for shares in and loans and advances to subsidiaries and affiliates.
Movements in this item primarily reflect i) additions to provisions for subsidiaries in an amount of €9 million and ii) reversals of provisions for subsidiaries amounting
to €13 million.
(2) At the year-end, total provisions for charges included €32 million in provisions for pensions and other post-employment benefit obligations, €28 million in provisions
for taxes, €43 million in restructuring provisions (of which €33 million for voluntary separation plans) and €4 million in provisions for future rental payments and charges.
Additions to and reversals of provisions for pensions and other post-employment benefit obligations amounted to €8 million and €23 million respectively. Of the
reversals, €6 million related to the reclassification of unrecognized past service cost to equity (see note 13).
A total of €11 million was added to provisions for taxes following a tax audit relating to 2010 (see note 22), and €2 million was reversed from these provisions following
the successful outcome for Accor of the dispute concerning the tax audit of its subsidiary SPFH.
Movements in other provisions for charges corresponded to €42 million in additions (primarily for restructuring provisions) and €5 million in reversals (of which €3 million
from restructuring provisions and €2 million from provisions for future rental payments and charges).
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