[32] Other provisions

Other provisions relate to the following items:

Other provisions

€ thousand

Provisions
for product
warranties

Provisions
for personnel

Other
obligations

Total other
provisions

 

 

 

 

 

Balance as at 1/1/2012

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

Changes in group of consolidated entities

-454

-4,906

5,644

284

Additions

18,001

27,498

33,402

78,901

Utilisations

-21,590

-40,935

-23,792

-86,317

Reversals

-6,846

-30,078

-11,053

-47,977

Additions to accrued interest

0

2,166

2

2,168

Exchange differences

278

0

25

303

Other adjustments

43

-11,865

11,622

-200

Balance as at 12/31/2012

64,381

89,983

72,644

227,008

thereof non-current

61,356

18,369

9,395

89,120

thereof current

3,025

71,614

63,249

137,888

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 majority 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, severance pay and redundancy payments. The provision for partial retirement obligations is recognised on the basis of individual contractual arrangements.

Other obligations largely comprise restructuring provisions, provisions for litigations, guarantees and expected losses from onerous contracts.

The KION Group had recognised restructuring provisions (including redundancy payments) of €74,465 thousand in 2011, predominantly in connection with the relocation of production sites. In 2012 it was possible to reverse €20,083 thousand of this amount following finalisation of the negotiations on the redundancy scheme. In 2012 restructuring provisions (including redundancy payments) amounting to €28,883 thousand were recognised, predominantly in connection with the planned closure of production sites. As a result, total restructuring provisions (including redundancy payments) came to €65,006 thousand as at 31 December 2012.

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