109 Notes to the Consolidated Financial Statements (continued) Personnel expenses - - - 28. Provisions - - - - - Restructuring Claims and litigation Other provisions Heineken NV. Report of the Report of the Financial Sustainability Other Annual Report 2016 Introduction Executive Board Supervisory Board Statements Review Information Under the extraordinary share plans for senior management 24,550 shares were granted and 7,850 (gross) shares vested. These extraordinary grants only have a service condition and vest between one and five years. The expenses relating to these additional grants are recognised in profit or loss during the vesting period. Expenses recognised in 2016 are EUR 1.3 million (2015: EUR 1.0 million). Matching shares, extraordinary shares and retention share awards granted to the Executive Board and are disclosed in note 33. In millions of EUR Note 2016 2015 Share rights granted in 2012 1 Share rights granted in 2013 12 Share rights granted in 2014 16 10 Share rights granted in 2015 12 10 Share rights granted in 2016 14 Total expense recognised in personnel expenses 10 42 33 In millions of EUR Restructuring Onerous contracts Claims and litigation Other Total Balance as at 1 January 2016 132 54 122 166 474 Changes in consolidation 4 4 Provisions made during the year 38 23 34 66 161 Provisions used during the year (63) (8) (1) (7) (79) Provisions reversed during the year (7) (13) (26) (53) (99) Effect of movements in exchange rates (1) (6) 18 (15) (4) Unwinding of discounts 2 (3) (1) Balance as at 31 December 2016 99 50 149 158 456 Non-current 41 38 129 94 302 Current 58 12 20 64 154 The provision for restructuring of EUR 99 million mainly relates to restructuring programmes in Spain and the Netherlands. The provision for claims and litigation of EUR 149 million mainly relates to the litigation inherited from the acquisition of the beer operations of FEMSA in 2010 (refer to note 32). Included are, among others, surety and guarantees provided of EUR 35 million (2015: EUR 39 million) and provisions for other taxes of EUR 56 million (2015: EUR 42 million).

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2016 | | pagina 110