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.