EXEL industries - 2019 Universal Registration Document

Consolidated fi nancial statements 4

Notes to the consolidated fi nancial statements

Note c 13 Provisions for contingencies and expenses

13.1 Breakdown of provisions by nature and changes in the fi scal year

Actuarial gains and losses (placed in reserve)

Changes in scope & foreign exchange

Reversal (used provisions)

Reversal (unused provisions)

Reclassi fi cation of accounts and others

Consolidated (in € thousands)

09/30/2018 Allowance

09/30/2019

Provisions for contingencies

18,366 25,060

(9,483)

(360)

-

156

33,739

Provisions for expenses

30,131

2,722

(4,052)

(6)

997

-

40

29,832

TOTAL

48,497

27,782 (13,535)

(366)

997

-

196

63,571

Of which non-current provisions

44,146

47,072

Of which current provisions

4,351

16,499

TOTAL

48,497

63,571

13.2 Breakdown between current and non-current provisions As a rule, provisions for contingencies and expenses are classi fi ed as non-current liabilities as their due date is known with precision except if at the closing date the Company knows that certain provisions will result in out fl ows in the next fi scal year. In this latter case, provisions in question are classi fi ed as current liabilities.

Non-current provisions for contingencies and expenses

Consolidated (in € thousands)

09/30/2018

09/30/2019

Revenue-related litigation and expenses for work in progress

354

940

Contractual customer warranties

12,369

13,199

Provisions for restructuring

4,446

89

Retirement commitments including social charges

27,777

28,282

Other miscellaneous employee-related commitments (excluding redundancy plans)

563

395

Tax contingencies and provisions

299

290

Sundry

1,264

951

TOTAL

47,072

44,146

Current provisions for contingencies and expenses

Consolidated (in € thousands)

09/30/2018

09/30/2019

Revenue-related litigation and expenses for work in progress

4,348

2,552

Provisions for restructuring

10,490

147

Tax contingencies and provisions

-

-

Other employee-related & miscellaneous commitments

1,661

1,652

TOTAL

16,499

4,351

EXEL Industries Group I 2019 Universal Registration Document 74