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€ million |
Obligations arising from sales |
Employee expenses |
Other provisions |
Total | ||||
|---|---|---|---|---|---|---|---|---|
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Balance at Jan. 1, 2008 |
10,135 |
3,029 |
4,394 |
17,558 | ||||
|
Foreign exchange differences |
–70 |
–23 |
–183 |
–276 | ||||
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Changes in consolidated Group |
148 |
3 |
120 |
271 | ||||
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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 | ||||
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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 | ||||
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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).
