Note 21. Other provisions

 

War­ranties

Restruc­turing

Em­ployee benefits

Environ­mental obli­gations

Legal disputes

Other obli­gations

Total

Group

 

 

 

 

 

 

 

Balance at 31 December 2017

500

767

537

228

168

452

2,652

Provisions made during the year

219

888

290

148

142

236

1,923

Provisions used during the year

–194

–405

–228

–18

–7

–166

–1,017

Unutilized provisions reversed during the year

–76

–162

–23

–7

–10

–162

–440

Provision disposed through divestment

–3

–3

–3

–9

Reclassifications

–8

–16

–15

0

0

38

–2

Translation differences

17

6

8

5

0

5

41

Transfer to liabilities held for sale

4

111

4

4

2

3

128

Balance at 31 December 2018

458

1 188

571

359

295

404

3,275

of which current

371

956

189

49

220

342

2,126

of which non-current

87

232

382

310

75

62

1,149

 

 

 

 

 

 

 

 

Parent Company

 

 

 

 

 

 

 

Balance at 31 December 2017

18

86

127

23

0

254

Provisions made during the year

–0

23

52

9

83

Provisions used during the year

–4

–73

–34

–1

–112

Unutilized provisions reversed during the year

–1

–4

–5

Provisions disposed trough divestment

–2

–2

–4

Reclassifications

0

0

0

0

Balance at 31 December 2018

10

36

143

27

0

216

Warranties

A provision for warranties is recognized when the underlying products or services are sold. The provision is based on historical warranty data and a weighing of all possible outcomes against their associated probabilities.

Restructuring

A provision for restructuring is recognized when the Group has approved a detailed and formal restructuring plan and the restructuring has either commenced or has been announced publicly. Future operating costs are not provided for.

Employee benefits

A provision for personnel-related benefits is recognized in accordance with agreements entered for long-term incentive programs, local bonus programs, part-time pensions and other personnel obligations.

Environmental obligations

Environment-related provisions include provisions for environmental remediation measures related to the Group’s sites.

Legal disputes

Legal disputes include provisions for claims which, at the balance sheet date, had not been closed.

Other obligations

Other obligations include provisions for onerous contracts and obligations within the scope of Sandvik Försäkring AB’s operations. Provisions classified as current are expected to result in an outflow of resources within twelve months from the balance sheet date.