Notes to the Consolidated Statement of Financial Position
28 Other provisions
|Current||Non-current||31-Mar-2010 Total||Current||Non-current||31-Mar-2011 Total|
|Change in scope of consolidation, currency adjustments, reclassification||Utilization||Reversal||Addition||As of
|Tax provisions||241,514||- 847||4,147||40,709||7,866||203,677|
Additions include accrued interest and the effects of the change in discount rates of € 8,214 thousand (previous year: € 3,361 thousand). These relate to expenses of € 2,196 thousand (previous year: € 3,410 thousand) for staff obligations, € 253 thousand (previous year: € 1,073 thousand) for sales obligations, and expenses/income of € 5,765 thousand (previous year: income of € 1,122 thousand) for miscellaneous other provisions.
As in previous years, tax provisions primarily recognize the risks of additional assessments.
staff provisions essentially relate to bonuses (€ 29,221 thousand; previous year: € 23,671 thousand), expenses for early retirement payments and for the partial retirement program (€ 25,739 thousand; previous year: € 26,148 thousand), and anniversary expenses (€ 16,585 thousand; previous year: € 16,953 thousand).
sales provisions mainly relate to warranties, reciprocal liability, and buyback obligations (€ 87,430 thousand; previous year: € 89,628 thousand). The provisions for warranty obligations and obligations to provide subsequent performance and product liability serve to cover risks that are either not insured or which go beyond insurable risks. Of the reciprocal liability and buyback obligations of € 13,091 thousand (previous year: € 16,818 thousand), € 10,716 thousand (previous year: € 11,739 thousand) relates to financial guarantees issued to finance partners of our customers for sales financing. The maximum risk of default of these financial guarantees that can result in cash outflows in the subsequent financial year is € 68,239 thousand (previous year: € 104,250 thousand). In connection with the finance guarantees for sales financing, there are claims against third parties in connection with the transfer of machinery. Outstanding claims were not capitalized.
miscellaneous other provisions include provisions for onerous contracts of € 49,944 thousand (previous year: € 52,780 thousand) and research and development obligations of € 5,511 thousand (previous year: € 7,424 thousand). They also include provisions of € 51,550 thousand (previous year: € 123,056 thousand) for measures in connection with our heidelberg 2010 program and the other measures to enhance efficiency as part of our new segment structure that have applied from April 1, 2010 onwards.