Notes to the Consolidated Balance Sheet
Provisions
Deferred tax
Pension
Other staff
Other
liabilities
liabilities
schemes
provisions
The movements were:
Position as at 1 january 2001
312
100
406
158
Changes in the consolidation
25
17
12
7
Revaluations/foreign exchange differences
2
-
1
-
Added/released
36
6
33
-15
Utilised
-
-6
-35
- 15
Other movements
-18
-5
5
-2
Position as at 31 December 2001 357 112 422 133 1,024
The provision for pension liabilities relates to pensions and
annuities which have not been insured with third parties.
The average rate of interest used in calculating the net
present value of the provision for pension liabilities, based
on current applicable interest rates in the countries con
cerned, is 4% (2000:4%).
The provision for other staff schemes relates to several
early retirement and reorganisation schemes. Additions
due to planned and announced restructuring programmes
are charged to the profit and loss account, with the excep
tion of restructuring programmes relating to recently
acquired companies, which are taken into account in the
calculation of goodwill.
The other provisions mainly comprise provisions formed
for receivables from participating interests, for contracts
of suretyship provided and for current lawsuits.
EUR 933 million of the provisions (2000: EUR 866 million)
has a term in excess of one year.
FINANCIAL STATEMENTS 2001
59