Audi 2014 Annual Report Download - page 257

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE BALANCE SHEET
>>
257
31 /
EFFECTIVE INCOME TAX OBLIGATIONS
Effective income tax obligations consist primarily of tax liabili-
ties to Volkswagen AG, Wolfsburg, under allocation plans.
32 /
OTHER PROVISIONS
EUR million
Dec. 31, 2014 Dec. 31, 2013
Total Of which
due within
one year
Total Of which
due within
one year
Obligations from sales operations 6,382 2,314 5,591 2,279
Workforce-related provisions 1,056 249 1,051 367
Miscellaneous provisions 1,162 790 984 714
Other provisions 8,599 3,353 7,625 3,360
Obligations from sales operations primarily comprise warranty
claims from the sale of vehicles, components and genuine
parts. Warranty claims are determined on the basis of previous
or estimated future losses. This item additionally includes
rebates, bonuses and similar discounts due to be granted and
arising subsequent to the balance sheet date but occasioned
by revenue prior to the balance sheet date.
The workforce-related provisions are created for such purposes
as service anniversary awards, partial retirement arrange-
ments and suggestions for improvements. The refund claims
against the German Federal Employment Agency as part of
implementation of the partial retirement model are reported
under other assets (Note 20, “Other receivables”).
The other provisions include reserves for price risks of
EUR 182 (142) million and for legal risks of
EUR 360 (347) million.
Anticipated outflows from other provisions are 39 percent in
the following year, 51 percent in the years 2016 through 2019,
and 10 percent thereafter.
//
DEVELOPMENT OF OTHER PROVISIONS
EUR million
Jan. 1, 2014 Currency-
differences
Change in scope
of consolidated
companies
Utilization Dissolution Addition Interest
effect from
measurement
Dec. 31, 2014
Obligations from
sales operations 5,591 125 01,762 209 2,611 27 6,382
Workforce-related
provisions 1,051 2 0299 16 234 85 1,056
Miscellaneous
provisions 984 12 2171 63 397 11,162
Change in other
provisions 7,625 139 22,233 289 3,242 113 8,599
33 /
TRADE PAYABLES
Trade payables totaled EUR 5,824 (5,163) million. The cus-
tomary retention of title applies to liabilities from deliveries
of goods.