The breakdown and changes in the non-current part of these provisions are as follows:
|
(in thousands of euro) |
Provision for disputes in progress |
Provision for restructuring charges |
Provision for miscellaneous risks |
Total |
|
Balance at December 31 2009 |
11,147 |
11,056 |
54,716 |
76,919 |
|
Sums set aside during the year |
6,261 |
7,062 |
1,693 |
15,016 |
|
Withdrawals |
(1,542) |
(10,062) |
(5,006) |
(16,610) |
|
Exchange rate differences |
-- |
4 |
46 |
50 |
|
Other changes |
(3,234) |
-- |
8,056 |
4,822 |
|
Balance at December 31 2010 |
12,632 |
8,060 |
59,505 |
80,197 |
The breakdown and changes in the current part of these provisions are as follows:
|
(in thousands of euro) |
Provision for disputes in progress |
Provision for restructuring charges |
Provision for miscellaneous risks |
Total |
|
Balance at December 31 2009 |
6,255 |
33,603 |
55,820 |
95,678 |
|
Sums set aside during the year |
1,239 |
12,257 |
14,847 |
28,343 |
|
Withdrawals |
(3,383) |
(29,084) |
(13,050) |
(45,517) |
|
Other changes |
3,562 |
-- |
285 |
3,847 |
|
Balance at December 31 2010 |
7,673 |
16,776 |
57,902 |
82,351 |
Apart from the libel disputes regarding the Espresso group, which are typical of all publishing businesses, the Provision for disputes in progress includes risks for disputes of a commercial nature and labour disputes.
The Provision for restructuring charges includes sums set aside for restructuring action that has been announced to the parties concerned and in particular refers to the production reorganization programs of the Sogefi group and the Espresso group. The Provision for miscellaneous risks is mainly to cover tax disputes outstanding with local tax authorities.