2014 Registration Document and Annual Financial Report - page 280

Financial Statemements
Parent Company Financial Statements and Notes
5
NOTE 7
MOVEMENTS IN PROVISIONS
(inmillions of euros)
At Jan. 1, 2014
Increase
Decrease
At Dec. 31,
2014
Surplus
provisions
Utilized
provisions
Excess tax depreciation
8
1
-
(1)
8
UNTAXED PROVISIONS
8
1
-
(1)
8
Claims and litigation
2
2
(1)
-
3
Foreign exchange losses
1
-
-
-
1
Other
(1)
40
26
(2)
-
64
PROVISIONS FOR CONTINGENCIES
43
28
(3)
-
68
Pensions and other post-employment
benefit obligations
(3)
32
10
(4)
-
38
Taxes
28
3
-
(3)
28
Other
47
4
(6)
(32)
13
PROVISIONS FOR CHARGES
(2)
107
17
(10)
(35)
79
Total untaxed provisions and provisions
for contingencies and charges
158
46
(13)
(36)
155
Intangible assets
17
-
-
-
17
Property and equipment
1
-
-
-
1
Investments*
2,949
63
(49)
-
2,963
Trade receivables
14
4
(2)
-
16
Other receivables*
35
8
(23)
-
20
Total provisions for impairment in value
(4)
3,016
75
(74)
-
3,017
TOTAL PROVISIONS
3,174
121
(87)
(36)
3,172
Income statement impact of movements in provisions
Increase
Decrease
Operating income and expenses
18
(46)
Financial income and expenses
98
(54)
Non-recurring income and expenses
5
(23)
Movements with no income-statement impact
-
-
TOTAL
121
(123)
* Recorded in accordance with the accounting policy described in Note 1c.
(1) Other provisions for contingencies mainly comprised €61 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 €25 million and ii) reversals of provisions for subsidiaries amounting to
€1 million.
(2) At the year-end, total provisions for charges included i) €38 million in provisions for pensions and other post-employment benefit obligations, ii) €28 million in provisions
for taxes, iii) €10 million in restructuring provisions (of which €5 million for voluntary separation plans), and €2 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 €10 million and €4 million respectively.
A total of €3 million was added to provisions for taxes following a tax audit relating to 2011 (see Note 23) and €3 million was reversed from these provisions following the
payment of reassessed tax following an audit related to the years 2008 and 2009.
Movements in other provisions for charges corresponded to €4 million in additions (primarily for restructuring provisions) and €38 million in reversals (of which €36 million
from restructuring provisions and €2 million from provisions for future rental payments and charges).
Registration Document 2014
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