APC 2013 Annual Report Download - page 229

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CONSOLIDATED FINANCIALSTATEMENTS ATDECEMBER 31, 2013
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Provisions
Note23
Economic Customer Products Environmental Other
Restructuring Provisionsrisks risks risks risks risks
Dec.31, 2011 739 87 420 57 137 200 1,640
Long-term portion 388 34 81 28 18 131 680
Additions 121 14 150 3 112 126 526
Discounting effect - - - - - 6 6
Utilizations (65) (12) (143) (13) (90) (107) (430)
Reversals of surplus
(94) (7) (40) - (22) (14) (177)provisions
Translation adjustments (21) (1) (4) - - (5) (31)
Changes in the scope of
20 15 27 23 (5) 101 181consolidation and other
Dec.31, 2012 700 96 410 70 132 307 1,715
Long-term portion 430 44 93 55 12 151 785
Additions 97 25 115 4 103 135 479
Discounting effect - - - - - (1) (1)
Utilizations (70) (23) (93) (13) (83) (116) (398)
Reversals of surplus
(117) (11) (29) (1) (12) (14) (184)provisions
Translation adjustments (39) (6) (20) (3) (3) (17) (88)
Changes in the scope of
96 14 46 5 (4) 24 181consolidation and other
Dec.31, 2013 667 95 429 62 133 318 1,704
Long-term portion 439 43 131 44 9 161 827
(a) Economic risks (c) Product risks
5
These provisions cover, in particular, tax risks arising from audits These provisions comprise:
performed by local tax authorities and financial risks arising statistical provisions for warranties: the Group funds provisions
l
primarily on guarantees given to third parties in relation to certain on a statistical basis for the residual cost of Schneider Electric
assets andliabilities. product warranties not covered by insurance;
(b) Customer risks
provisions for disputes over defective products;
l
provisions to cover disputes related to recalls of clearly
l
identified products.
These provisions are primarily established to covers risks arising
(d) Environmental risks
from products sold to third parties. This risk consists of claims
based on alleged product defects and product liability.
Provisions for customer risks also integrate the provisions for These provisions are primarily funded to cover cleanup costs.
losses at completion for some of long term contracts, for
EUR42million.
227
2013 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC