2014 Registration Document and Annual Financial Report - page 244

Financial Statemements
Consolidated Financial Statements and Notes
5
NOTE 34
PROVISIONS
Movements in long-term provisions between December 31, 2013 and December 31, 2014 can be analysed as follows:
(inmillions of euros)
2013
Adjusted
Equity
impact Increases Utilizations
Reversals
of unused
provisions
Translation
adjustment
Reclassifications
and changes
in scope
2014
Provisions for pensions*
19
6
2
(1)
(1)
0
(1)
24
Provisions for loyalty bonuses*
1
-
-
(0)
(0)
(0)
1
2
Provisions for claims and litigation
and others contingencies
0
-
-
-
-
(0)
0
0
HOTELSERVICES
20 6
2
(1)
(1)
0
0 26
Provisions for pensions*
36
8
5
(3)
(1)
0
(0)
45
Provisions for loyalty bonuses*
18
-
2
(2)
(0)
(0)
(0)
18
Provisions for claims and litigation
and others contingencies
5
-
7
-
-
(0)
(2)
10
HOTELINVEST
59
8
14
(5)
(1)
(0)
(2)
73
CORPORATE/INTERCOS
29
3
3
-
(2)
-
1
34
TOTAL LONG-TERM
PROVISIONS
108
17
19
(6)
(4)
0
(1)
133
* See Note 34.C.
Movements in short-term provisions between December 31, 2013 and December 31, 2014 can be analysed as follows:
(inmillions of euros)
2013
Adjusted Increases Utilizations
Reversals
of unused
provisions
Translation
adjustment
Reclassifications
and changes
in scope
2014
Tax provisions
0
1
(1)
(0)
0
3
3
Restructuring provisions
32
3
(35)
(4)
0
12
8
Provisions for claims and litigation
and others contingencies
16
7
(3)
(3)
1
(1)
17
HOTELSERVICES
48
11
(39)
(7)
1
14
28
Tax provisions
11
2
(1)
(0)
(0)
(3)
9
Restructuring provisions
11
3
(7)
(3)
0
(0)
4
Provisions for claims and litigation
and others contingencies
91
23
(29)
(10)
1
12
88
HOTELINVEST
113
28
(37)
(13)
1
9
101
CORPORATE/INTERCOS
83
7
(20)
(5)
-
(22)
43
TOTAL SHORT-TERM PROVISIONS
244
46
(96)
(25)
2
1
172
At December 31, 2014, ordinary provisions for claims and litigation
and others include:
ƒƒ
€38 million provisions for various claims;
ƒƒ
€5 million in provisions for various litigations;
ƒƒ
€8 million provision for employee-related claims.
At December 31, 2013, ordinary provisions for claims and litigation
and others included:
ƒƒ
€36 million in provisions for various claims;
ƒƒ
€10 million in provisions for various litigations;
ƒƒ
€10million in provisions for performance bonds issued in connection
with real estate transactions;
ƒƒ
€9 million in provisions for employee-related claims.
Restructuring provisions at December 31, 2013 included €42 million
in provisions for voluntary separation plans within the Group (see
Note 3 I). The residual provision related to these plans amounted
to €7 million at December 2014.
Registration Document 2014
242
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