101 / 130
26 Provisions
CHF million
Guarantee
and warranty
Litigation and
tax risk
Environ-
mental
Restruc-
turing
Other
Total
Provisions at January 1, 2015
5.3
27.4
10.5
0.9
10.4
54.5
Additions
-
17.5
0.9
-
6.0
24.4
Utilization
-
–4.5
-
–0.8
–2.9
–8.3
Release
–2.9
–2.9
-
-
–0.2
–6.0
Reclassification
-
-
–0.8
-
6.5
5.7
Currency translation adjustment
-
–0.6
–0.3
–0.1
–0.2
–1.1
Provisions at December 31, 2015
2.4
37.0
10.3
-
19.4
69.1
Thereof non-current
2.0
33.7
10.3
-
8.4
54.4
Thereof current
0.4
3.3
-
-
11.0
14.8
Guarantee and warranty provisions are related to the production and supply of goods or services
and are based on experience. The non-current guarantee and warranty provisions of CHF 2.0 million
are expected to be used over a period of one to two years on average.
Litigation and tax risk provisions comprise provisions for expected costs resulting from
investigations and proceedings of government agencies, provisions for court cases, such as claims
brought up by workers for health- or accident-related incidents, and provisions for tax risks. The
majority of litigation and tax risk provisions are expected to be used within the next two to three years.
Environmental provisions contain the estimated costs for the cleanup of contaminated sites
due to past industrial operations. The majority of provisions stem from legal entities within Business
Group Europe. Long-term environmental provisions are expected to be used mainly over the next
five to ten years.
Restructuring provisions comprised legal and factual liabilities from restructuring. The provisions
were fully utilized in 2015.
Other provisions are made for contracts where the unavoidable costs to fulfill the obligation are
greater than the expected economic benefits, as well as for other constructive or legal liabilities
of Group companies. Cases in the amount of CHF 5.7 million that were reported as accrual in the prior
year do now classify as provision and are reclassed accordingly. The majority of the remaining other
non-current provisions are expected to be used within the next two to three years.
97
Autoneum
Financial Report 2015
Consolidated financial statements