[29] Other provisions

Other provisions relate to the following items:

Other provisions

Provisions
for product warranties

Provisions for personnel

Other obligations

Total other provisions

€ thousand

 

 

 

 

 

 

 

 

 

Balance as at 1/1/2011

60,455

133,893

65,853

260,201

thereof non-current

60,455

94,750

9,094

164,299

thereof current

0

39,143

56,759

95,902

Changes in group of consolidated entities

150

134

811

1,095

Additions

34,864

75,844

24,297

135,005

Utilisations

-18,964

-61,592

-23,405

-103,961

Reversals

-2,454

-2,816

-11,255

-16,525

Additions to accrued interest

136

2,630

39

2,805

Exchange differences

419

10

274

703

Other adjustments

343

0

180

523

Balance as at 31/12/2011

74,949

148,103

56,794

279,846

thereof non-current

69,729

16,935

9,504

96,168

thereof current

5,220

131,168

47,290

183,678

The provisions for product warranties include contractual and statutory obligations arising from the sale of industrial trucks and spare parts. It is expected that the bulk of the costs will be incurred within the next two years after the reporting date.

The provisions for personnel comprise provisions for partial retirement obligations, long-service awards, annual bonuses and severance pay. The provision for partial retirement obligations is recognised on the basis of individual contractual arrangements. The KION Group recognised restructuring provisions of €74,465 thousand in 2011, predominantly in connection with the planned transfers of production.

Other obligations largely comprise provisions for guarantees and litigation.

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