33. Other provisions (non-current) / Provisions (current)
In the reporting period, other provisions (non-current)/provisions (current) changed as follows:
XLS
€ million |
|
Real estate-related obligations |
|
Obligations from trade transactions |
|
Restructuring |
|
Taxes |
|
Miscellaneous |
|
Total |
As of 1/10/2016 |
|
180 |
|
64 |
|
265 |
|
20 |
|
328 |
|
856 |
Currency translation |
|
−4 |
|
−1 |
|
0 |
|
0 |
|
−5 |
|
−11 |
Addition |
|
59 |
|
76 |
|
79 |
|
1 |
|
130 |
|
345 |
Reversal |
|
−10 |
|
−1 |
|
−28 |
|
−3 |
|
−36 |
|
−78 |
Utilisation |
|
−27 |
|
−75 |
|
−116 |
|
−3 |
|
−150 |
|
−372 |
Change in consolidation group |
|
2 |
|
1 |
|
1 |
|
0 |
|
−9 |
|
−5 |
Interest portion of the addition/change in interest rate |
|
−1 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
Transfer |
|
3 |
|
−2 |
|
−1 |
|
0 |
|
3 |
|
3 |
As of 30/9/2017 |
|
202 |
|
62 |
|
200 |
|
15 |
|
260 |
|
739 |
Non-current |
|
105 |
|
0 |
|
56 |
|
7 |
|
114 |
|
283 |
Current |
|
96 |
|
62 |
|
144 |
|
7 |
|
146 |
|
456 |
As of 30/9/2017 |
|
202 |
|
62 |
|
200 |
|
15 |
|
260 |
|
739 |
Provisions for real estate-related obligations affected rental shortfalls in the amount of €48 million (30/9/2016: €48 million), store-related risks totalling €43 million (30/9/2016: €47 million), rental commitments amounting to €40 million (30/9/2016: €33 million) and reinstatement obligations amounting to €39 million (30/9/2016: €22 million).
Other real estate obligations in the amount of €30 million (30/9/2016: €29 million) stemmed essentially from dismantling and removing obligations.
At €105 million (30/9/2016: €108 million), provisions for real estate are disclosed as non-current provisions.
Significant components of the obligations from trade transactions are provisions for rebates from customer loyalty programmes in the amount of €38 million (30/9/2016: €35 million), provisions for rights of return of €5 million (30/9/2016: €4 million) as well as provisions for warranty services in the amount of €2 million (30/9/2016: €2 million).
Provisions from trade transactions do not contain any non-current components.
Restructuring provisions totalling €200 million (30/9/2016: €265 million) essentially relate to METRO Wholesale in the amount of €53 million (30/9/2016: €126 million), Real in the amount of €54 million (30/9/2016: €15 million) and other companies in the amount of €93 million (30/9/2016: €125 million).
The long-term portion of provisions for restructuring amounts to €56 million (30/9/2016: €60 million).
Other provisions primarily relate to provisions for litigation costs/risks in the amount of €58 million (30/9/2016: €66 million), provisions for guarantee and warranty risks in the amount of €30 million (30/9/2016: €29 million) and provisions for share-based payments amounting to €28 million (30/9/2016: €34 million). In addition, they include provisions for severance obligations in the amount of €8 million (30/9/2016: €9 million) and for interest on tax provisions in the amount of €9 million (30/9/2016: €4 million).
The long-term portion of other provisions amounts to €114 million (30/9/2016: €122 million).
- For more information about share-based payments, see no. 49 – long-term incentive for executives.
Transfers essentially concern reclassifications within other provisions.
Depending on the respective term and country, interest rates for non-interest-bearing, non-current provisions range from 0.00% to 4.83%.