Chrysler 2013 Annual Report Download - page 316

315
Fiat S.p.A. Statutory
Financial Statements
at 31 December 2013
21. Other non-current liabilities
At 31 December 2013, other non-current liabilities totaled €16,078 thousand, representing a net decrease of €1,087 thousand over
31 December 2012.
The item consisted of the following:
(€ thousand) 31 December 2013 31 December 2012 Change
Non-current post-employment benefits to be paid:
to a former Chief Executive Officer 3,405 3,743 (338)
to former employees 12,673 13,422 (749)
Total other non-current liabilities 16,078 17,165 (1,087)
Non-current post-employment benefits represent the present value of future benefits (see Note 19) payable to a former CEO and management
personnel that have left the Company.
A breakdown of other non-current liabilities by due date is as follows:
(€ thousand) 31 December 2013 31 December 2012
Other non-current liabilities
due within one year 1,126 1,087
due after one year but within five years 4,916 4,748
due beyond five years 10,036 11,330
Total 16,078 17,165
22. Provisions for employee benefits and other current provisions
At 31 December 2013, this item totaled €10,677 thousand, a net decrease of €4,574 thousand over 31 December 2012 consisting of the
following:
(€ thousand)
31 December
2012 Accruals
Utilizations and
Other changes
31 December
2013
Provisions for employee bonuses and similar provisions 15,251 8,081 (12,655) 10,677
Total provisions for employee benefits and other current provisions 15,251 8,081 (12,655) 10,677
This item essentially reflects the best estimate for variable components of compensation.
Changes in provisions for employee benefits and other current provisions during 2012 were as follows:
(€ thousand)
31 December
2011 Accruals
Utilizations and
Other changes
31 December
2012
Total provisions for employee benefits and other current provisions 19,380 7,430 (11,559) 15,251