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Annual Report

29 Noncurrent and current other provisions

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€ million

 

Obligations arising from sales

 

Employee expenses

 

Other provisions

 

Total

Balance at Jan. 1, 2009

 

10,505

 

2,820

 

4,221

 

17,546

Foreign exchange differences

 

72

 

21

 

268

 

361

Changes in consolidated Group

 

2

 

 

10

 

12

Utilized

 

4,374

 

1,196

 

677

 

6,247

Additions/New provisions

 

5,411

 

1,012

 

2,093

 

8,517

Interest cost

 

312

 

53

 

19

 

384

Reversals

 

538

 

136

 

392

 

1,066

Balance at Jan. 1, 2010

 

11,391

 

2,574

 

5,542

 

19,507

Foreign exchange differences

 

237

 

36

 

215

 

488

Changes in consolidated Group

 

57

 

7

 

34

 

98

Utilized

 

4,520

 

1,156

 

1,363

 

7,039

Additions/New provisions

 

5,955

 

1,791

 

3,134

 

10,880

Interest cost

 

213

 

15

 

24

 

252

Reversals

 

773

 

109

 

622

 

1,504

Balance at Dec. 31, 2010

 

12,561

 

3,158

 

6,964

 

22,683

of which current

 

5,778

 

1,855

 

3,880

 

11,513

of which noncurrent

 

6,783

 

1,303

 

3,084

 

11,170

The obligations arising from sales contain provisions covering all risks relating to the sale of vehicles, components and genuine parts through to the disposal of end-of-life vehicles. They primarily comprise warranty claims, calculated on the basis of losses to date and estimated future losses. They also include provisions for discounts, bonuses and similar allowances incurred after the balance sheet date, but for which there is a legal or constructive obligation attributable to sales revenue before the balance sheet date.

Provisions for employee expenses are recognized for long-service awards, time credits, the part-time scheme for employees near to retirement, severance payments and similar obligations, among other things.

Other provisions relate to a wide range of identifiable specific risks and uncertain obligations and are measured in the amount of the expected settlement value.

Other provisions include technical provisions (insurance) amounting to €184 million (previous year: €157 million).

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