QUADIENT - 2019 Universal Registration Document
FINANCIAL STATEMENTS Consolidated financial statements
OTHER PROVISIONS, CONTINGENT LIABILITIES AND OTHER NOTE 11 NON-CURRENT DEBTS
11-1: Other provisions
11-1-1: ACCOUNTING PRINCIPLES
Provisions are recognized when the following conditions are met simultaneously at the end of the period in question: a current obligation (legal, regulatory, contractual or ● implied) resulting from past events;
a probability that an outflow of resources will be ● necessary to extinguish the obligation with no offset expected; an amount that can be reliably measured. ● Provisions are split on the balance sheet between current and non-current liabilities.
11-1-2: CHANGES IN OTHER PROVISIONS
31 January
31 January 2020
Current portion
Non-current portion
2019 Added
Used Non-used Other
Other provisions Structure optimization
5.1
11.3 (10.9)
(1.2)
0.2
4.5
4.5
-
Business risk/customer guarantees
0.3
0.0
(0.1)
-
-
0.2
0.2
-
6
Dispute provisions
4.4
1.0 (0.7)
(0.4) (0.2)
4.1
1.9
2.2
Other
2.8
2.9
(5.6)
(0.1)
3.7
3.7
2.3
1.4
12.6
15.2
(17.3)
(1.7)
3.7
12.5
8.9
3.6
Retirement benefit obligations – note 10-3
22.3
3.4
(1.2)
-
0.5
25.0 0.0
25.0
Long term incentives – note 10-5
1.6
0.5
(0.6)
(0.1)
-
1.4
1.4
-
TOTAL
36.5
19.1
(19.1)
(1.8)
4.2
38.9 10.3
28.6
31 January
31 January 2019
Current portion
Non-current portion
2018 Added
Used Non-used Other
Other provisions Structure optimization
5.3
14.0 (14.3)
(0.5)
0.6
5.1
5.1
-
Business risk/customer guarantees
0.4
0.0
(0.1)
(0.0)
-
0.3
0.3
-
Dispute provisions
4.6
0.7
(0.3)
(0.6)
-
4.4 2.0
2.4
Other
3.5
1.4
(2.7)
(0.7)
1.3
2.8
2.2
0.6
13.8
16.1
(17.4)
(1.8)
1.9
12.6
9.6
3.0
Retirement benefit obligations – note 10–3
23.8
0.6
(1.2)
(1.2)
0.3
22.3
-
22.3
Long term incentives – note 10-5
1.5
0.9
(0.7)
(0.1)
-
1.6 0.6
1.0
TOTAL
39.1
17.6 (19.3)
(3.1)
2.2
36.5 10.2
26.3
Structure optimization The Group pursues the optimization of its operations. Provisions totaling 5.1 million euros were booked as at 31 January 2019. In 2019, additional expenses of 11.3 million euros were booked and (10.9) million euros were used.
As at 31 January 2020, the balance of these provisions is 4.5 million euros. Other As at 31 January 2020, a total 3.7 million euros (2.8 million euros as at 31 January 2019) is booked under “Other provisions.”
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UNIVERSAL REGISTRATION DOCUMENT 2019
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