29 Noncurrent and current other provisions


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€ million

 

Obligations  arising from  sales

 

Employee  expenses

 

Other  provisions

 

Total

Balance at Jan. 1, 2008

 

10,135

 

3,029

 

4,394

 

17,558

Foreign exchange differences

 

–70

 

–23

 

–183

 

–276

Changes in consolidated Group

 

148

 

3

 

120

 

271

Held for sale

 

90

 

7

 

127

 

224

Utilized

 

4,375

 

1,143

 

1,173

 

6,691

Additions/New provisions

 

5,097

 

1,079

 

1,867

 

8,043

Interest cost

 

118

 

4

 

7

 

129

Reversals

 

458

 

122

 

684

 

1,264

Balance at Jan. 1, 2009

 

10,505

 

2,820

 

4,221

 

17,546

Foreign exchange differences

 

72

 

21

 

268

 

361

Changes in consolidated Group

 

2

 

 

10

 

12

Held for sale

 

 

 

 

Utilized

 

4,374

 

1,196

 

677

 

6,247

Additions/New provisions

 

5,411

 

1,012

 

2,093

 

8,517

Interest cost

 

312

 

53

 

19

 

384

Reversals

 

538

 

136

 

392

 

1,066

Balance at Dec. 31, 2009

 

11,391

 

2,574

 

5,542

 

19,507

of which current

 

5,570

 

1,192

 

2,658

 

9,420

of which noncurrent

 

5,822

 

1,382

 

2,884

 

10,088

The obligations arising from sales contain provisions covering all risks relating to the sale of vehicles, components and genuine parts through to the disposal of end-of-life vehicles. They primarily comprise warranty claims, calculated on the basis of losses to date and estimated future losses. They also include provisions for discounts, bonuses and similar allowances incurred after the balance sheet date, but for which there is a legal or constructive obligation attributable to sales revenue before the balance sheet date.

Provisions for employee expenses are recognized for long-service awards, time credits, the part-time scheme for employees near to retirement, severance payments and similar obligations, among other things.

Other provisions relate to a wide range of identifiable risks and uncertain obligations and are measured in the amount of the expected settlement value.

Other provisions include technical provisions (insurance) amounting to €157 million (previous year: €139 million).

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