Porsche 2009 Annual Report Download - page 216
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216 Financials
Sundry other provisions relate to an identifiable specific risks and uncertain obligations,
measured according to the probability of their occurrence. The technical provisions attributable to
reinsurers included here in the prior year of €169 million related to discontinued operations.
43% of the other provisions are expected to result in cash outflows in the following year
and 57% in between one and five years.
Other provisions developed as follows:
As of Exchange Additions Unwinding Utilization Reversal Changes to As of
€ million
1/8/2009 differences the discount consolidated
group
31/7/2010
Provisions for employee
expenses 2,811 – 5 432 0 336 14 – 2,877 11
Provisions for obligations
arising from sales 11,205 – 53 1,543 102 1,312 24 – 11,461 0
Sundry other provisions 5,425 33 765 9 289 163 – 5,646 134
19,441 – 25 2,740 111 1,937 201 – 19,984 145
An amount of €68 million of the opening balance of provisions for employee expenses is
attributable to continuing operations. The opening balance of sundry other provisions contains a
total of €34 million that is allocable to continuing operations.