(all amounts in Euro thousands)
Group
|
|
1 January 2017 |
Charge for the year |
Unused amounts reversed |
Unwinding of discount |
Utilized |
Exchange differences |
31 December 2017 |
| Provisions for restoration of quarries |
a |
17,191 |
1,369 |
-1,786 |
237 |
-75 |
-1,106 |
15,830 |
| Provisions for other taxes |
b |
1,784 |
2,277 |
- |
- |
- |
-95 |
3,966 |
| Litigation provisions |
c |
1,055 |
7,115 |
-442 |
- |
-322 |
-117 |
7,289 |
| Other provisions |
d |
9,619 |
8,381 |
-1,105 |
3 |
-4,998 |
-255 |
11,645 |
| |
|
29,649 |
19,142 |
-3,333 |
240 |
-5,395 |
-1,573 |
38,730 |
| |
|
1 January 2016 |
Charge for the year |
Unused amounts reversed |
Unwinding of discount |
Utilized |
Exchange differences |
31 December 2016 |
| Provisions for restoration of quarries |
a |
16,155 |
2,072 |
-1,613 |
265 |
-38 |
350 |
17,191 |
| Provisions for other taxes |
b |
2,830 |
249 |
-72 |
- |
-250 |
-973 |
1,784 |
| Litigation provisions |
c |
1,421 |
172 |
- |
- |
-40 |
-498 |
1,055 |
| Other provisions |
d |
7,410 |
7,709 |
-4,971 |
3 |
-68 |
-464 |
9,619 |
| |
|
27,816 |
10,202 |
-6,656 |
268 |
-396 |
-1,585 |
29,649 |
| |
|
|
|
|
|
|
|
|
| |
|
2017 |
2016 |
|
|
|
|
|
| Non-current provisions |
|
30,172 |
22,498 |
|
|
|
|
|
| Current provisions |
|
8,558 |
7,151 |
|
|
|
|
|
| |
|
38,730 |
29,649 |
|
|
|
|
|
Company |
|
1 January 2017 |
Charge for the year |
Unused amounts reversed |
Unwinding of discount |
Utilized |
31 December 2017 |
| Provisions for restoration of quarries |
a |
2,433 |
51 |
-10 |
37 |
-113 |
2,398 |
| Litigation provisions |
c |
132 |
2,236 |
- |
- |
- |
2,368 |
| Other provisions |
d |
7,748 |
8,503 |
-974 |
3 |
-4,834 |
10,446 |
| |
|
10,313 |
10,790 |
-984 |
40 |
-4,947 |
15,212 |
| |
|
1 January 2016 |
Charge for the year |
Unused amounts reversed |
Unwinding of discount |
Utilized |
31 December 2016 |
| Provisions for restoration of quarries |
a |
2,119 |
319 |
- |
40 |
-45 |
2,433 |
| Litigation provisions |
c |
- |
132 |
-100 |
- |
- |
132 |
| Other provisions |
d |
5,785 |
6,796 |
-100 |
3 |
-4,736 |
7,748 |
| |
|
7,904 |
7,247 |
-100 |
43 |
-4,781 |
10,313 |
| |
|
2017 |
2016 |
|
|
|
|
| Non-current provisions |
|
6,944 |
4,215 |
|
|
|
|
| Current provisions |
|
8,268 |
6,098 |
|
|
|
|
| |
|
15,212 |
10,313 |
|
|
|
|
a. This provision represents the present value of the estimated costs to rehabilitate quarry sites and other similar post-closure obligations. It is expected that this amount will be used over the next 1 to 50 years.
b. This provision relates to future obligations that may result from tax audits for other taxes. It is expected that this amount will be fully utilized in the next five years.
c. This provision has been established with respect to claims made against certain companies in the Group by third parties, mainly against the subsidiaries in Egypt. These claims concern labour compensations, labour cases for previous years' benefits and dues and claims for shares revaluation. It is expected that this amount will be utilized mainly in the next twelve months.
d. The other provisions are comprised of amounts relating to risks none of which are individually material to the Group. The Company's existing carrying amount includes, among others, the provision for staff bonuses. It is expected that the remaining amounts will be used over the next 1 to 20 years.