Notes to the Consolidated Balance Sheet
Provisions
Deferred tax
Pension
Other personnel
Other
Total
liabilities
liabilities
schemes
provisions
The movements can be specified as follows:
Position on 1 January 2000
295
48
269
158
770
Changes in the consolidation
-
50
147
21
218
Revaluation/changes in exchange rates
11
-1
1
2
13
Additions/releases
2
7
30
-9
30
Payments
-
-3
-41
-12
-56
Other movements
4
-1
-
-2
1
Position on 31 December 2000
312
100
406
158
976
The provision for pension liabilities relates to pensions and life annuities which have not been fund
ed with third parties. The average rate of interest used in calculating the present value of the pro
vision for pension liabilities, taking account of applicable interest rates in the relevant countries,
is 4% (1999: 4%).
The provision for other personnel schemes relates to several early retirement and reorganization
schemes. Additions due to planned restructuring programmes are charged to the statement of in
come, with the exception of restructuring programmes relating to participating interests acquired
during the financial year, these form part of the goodwill upon acquisition.
The other provisions mainly comprise provisions formed for consolidated companies and for
sureties given. In addition, provisions have been formed for litigation and for costs relating to the
introduction of the euro.
EUR 866 million of the provisions (1999: EUR 702 million) has a term in excess of one year.
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