Porsche 2012 Annual Report Download - page 207
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Provisions for employee expenses are recognized for bonuses, long-service awards, the
phased retirement scheme and similar obligations, among other items.
Sundry other provisions mainly comprise provisions for other taxes and for interest on de-
ferred tax payments.
89% of the other provisions are expected to result in cash outflow in the following year and
11% in between one and five years.
Other provisions developed as follows:
The effects of unwinding the discount on provisions were immaterial in the fiscal year 2012
and in the fiscal year 2011.
[18] Trade payables
The trade payables disclosed, amounting to €7 million (prior year: €9 million), were mainly liabili-
ties for legal and consulting services.
As of Additions Utilization Reversal As of
€ million 1/1/2012 31/12/2012
Provisions for employee expenses 7 7 4 3 7
Provisions for costs of litigation 40 8 6 1 41
Sundry other provisions 62 22 5 0 79
109 37 15 4 127
203