LensCrafters 2015 Annual Report Download - page 135

Notes to the consolidated financial statement as of December 31, 2015 Page 41 di 68
18. INCOME TAXES PAYABLE
The balance is detailed below:
As of December 31
(in thousands of Euro) 2015 2014
Current year income taxes payable 76,787
77,806
Income taxes advance payment (42,608)
(35,203)
Total 34,179 42,603
19. SHORT-TERM PROVISIONS FOR RISKS AND OTHER CHARGES
The balance is detailed below:
(in thousands of Euro)
Legal
risk
Self
insurance
Tax
provision
Other
risks
Returns Total
Balance as of December
31, 2013
997
5,535
63,928
14,772
38,455
123,688
Increases
1,902
6,821
36,537
25,589
17,152
88,001
Decreases (945) (6,606) (2,768) (12,470) (12,487) (35,276)
Foreign translation difference and
other
movements
(43) 624 6,379 334 4,012 11,306
Balance as of December 31, 2014 1,911 6,375 104,076 28,225 47,132 187,719
Increases 1,594 8,431 13,250 19,741 15,700 58,716
Decreases (1,994) (7,147) (93,321) (11,961) (16,282) (130,704)
Foreign translation difference and
other movements 521
655 1,140 (1,909) 2,641 3,048
Balance as of December 31, 2015 2,032
8,314 25,146 34,096 49,191 118,779
Legal risk includes provisions for various litigated matters that have occurred in the ordinary course of business.
Self-insurance includes provisions for certain self-insured losses relating to workers’ compensation, general liability, auto
liability, and employee medical benefits for claims filed and for claims incurred but not reported. The Company’s liability is
estimated using historical claims experience and industry averages; however, the final cost of the claims may not be known for
over five years.
The decrease in the tax provision in 2015 was primarily due to the payment of approximately Euro 91.6 million related to a tax
audit of Luxottica S.r.l. for fiscal years 2008 through 2011.