Aer Lingus 2013 Annual Report Download - page 128

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126
Maturity analysis
The expected maturity of the undiscounted funded and unfunded schemes is as follows:
At 31 December 2013
Less than a year
€’000
Between 1 - 2
years
€’000
Between 2 - 5
years
€’000
Over 5 years
€’000
Total
€’000
Funded
1,233
778
2,648
11,592
16,251
Unfunded
299
385
2,477
8,494
11,655
Total
1,532
1,163
5,125
20,086
27,906
27 Provisions for other liabilities and charges
Business
repositioning¹
Aircraft
maintenance²
Other ³
Total
€’000
€’000
€’000
€’000
At 1 January 2012
29,903
37,991
13,610
81,504
Provided during the year
15,106
14,024
977
30,107
Written back during the year
(75)
(1,705)
-
(1,780)
Utilised during the year
(12,513)
(12,676)
228
(24,961)
At 31 December 2012
32,421
37,634
14,815
84,870
At 1 January 2013
32,421
37,634
14,815
84,870
Provided during the year
12,984
20,234
261
33,479
Written back during the year
-
(1,255)
(311)
(1,566)
Utilised during the year
(26,181)
(13,426)
(210)
(39,817)
Unwind of discounting
213
133
127
473
Retranslation
8
(715)
-
(707)
At 31 December 2013
19,445
42,605
14,682
76,732
Analysed as current liabilities
31 December 2013
12,493
3,270
3,342
19,105
31 December 2012
16,171
9,804
3,757
29,732
Analysed as non-current liabilities
31 December 2013
6,952
39,335
11,340
57,627
31 December 2012
16,250
27,830
11,058
55,138
Total provision
31 December 2013
19,445
42,605
14,682
76,732
31 December 2012
32,421
37,634
14,815
84,870
1 Business repositioning
Business repositioning costs include provisions for restructuring costs recognised in accordance with IAS 37 when a constructive obligation
exists and a provision for termination benefits that are not part of a restructuring plan and are therefore recognised in accordance with IAS
19R when the entity can no longer withdraw the offer of benefits.
The amount of the restructuring provision is based on the terms of the restructuring measures, including employee severance, which have
been communicated to employees. It represents the directors’ best estimate of the cost of these measures, having regard to the current status
of negotiations.
The provision relating to the 2013 Voluntary Severance Programme has been recorded in respect of individuals who at the reporting date
had accepted the offer of voluntary severance.