|
|
|
|
|
|
|
|
€k |
|
|
Oct. 1, 2010 |
Currency variances/misc. |
Draw-downs |
Releases |
Additions |
Accumulation |
Sept. 30, 2011 |
|
Non-current other accruals |
|
|
|
|
|
|
|
|
Personnel expenses |
36,462 |
–3 |
–4,485 |
–2,831 |
4,440 |
1,222 |
34,805 |
|
Environmental protection obligations |
9,821 |
–4 |
–23 |
0 |
864 |
54 |
10,712 |
|
Warranties |
0 |
0 |
0 |
0 |
1,036 |
0 |
1,036 |
|
Total non-current other accruals |
46,283 |
–7 |
–4,508 |
–2,831 |
6,340 |
1,276 |
46,553 |
|
Current other accruals |
|
|
|
|
|
|
|
|
Current accruals associated with sales and procurement markets |
|
|
|
|
|
|
|
|
Warranties |
52,988 |
748 |
–38,811 |
–4,801 |
25,948 |
0 |
36,072 |
|
Onerous contracts |
9,854 |
60 |
–6,155 |
–1,011 |
7,758 |
19 |
10,525 |
|
Delay and contract penalties |
4,291 |
97 |
–699 |
–1,814 |
2,043 |
0 |
3,918 |
|
Miscellaneous |
12,259 |
76 |
–2,455 |
–788 |
3,332 |
0 |
12,424 |
|
Total current accruals associated with sales and procurement markets |
79,392 |
981 |
–48,120 |
–8,414 |
39,081 |
19 |
62,939 |
|
Accruals for personnel expenses |
44,513 |
124 |
–25,253 |
–2,466 |
25,763 |
0 |
42,681 |
|
Accruals for other taxes |
48 |
2 |
–22 |
0 |
5 |
0 |
33 |
|
Other miscellaneous accruals |
22,221 |
–48 |
–9,202 |
–5,013 |
8,933 |
0 |
16,891 |
|
Total current other accruals |
146,174 |
1,059 |
–82,597 |
–15,893 |
73,782 |
19 |
122,544 |
|
Total other accruals |
192,457 |
1,052 |
–87,105 |
–18,724 |
80,122 |
1,295 |
169,097 |
In accordance with IAS 37, accruals are created on the balance sheet in respect of legal or actual obligations to third parties resulting from past events where the outflow of funds to settle such obligations is probable and can be estimated reliably.
The accruals for personnel expenses have been created essentially for deferred compensation, pre-retirement part-time working arrangements, vacation and flexitime not taken, service anniversary awards as well as severance payments. As a means of entering into early retirement, several domestic legal entities offer a company-subsidized pre-retirement part-time working scheme using the “block model.” The term of the scheme is between two and six years, and entry to the scheme is permitted no earlier than the employee’s 55th birthday. Essentially, during the working phase, the employee performs full duties on half pay. During the release phase, the employee no longer works, but receives the remaining 50% of his or her remuneration. The employer subsidy takes the form of topping up of remuneration and contributions to social pension insurance. The insolvency protection has been handled by a guarantee agreement closed with a bank.
Warranty accruals are created in respect of product warranty obligations, which are prescribed by statute or contractually agreed, or which have arisen de facto. The decrease in expected future expenses essentially results from the technical maturity associated with products delivered over the course of the fiscal year and less business with high-end systems.
Where income from an order does not cover prime cost, accruals are created for onerous contracts to the value of the variance between income and expenses.
Where delay and contract penalties are agreed in contracts for the supply of goods and/or services, and where the incurrence of penalties is probable in the light of the current position, a corresponding accrual for delay and contract penalties is created.
Other miscellaneous accruals contain obligations associated with pending legal proceedings and accruals for costs associated with year-end closing.
