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5CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER31,2014
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Provisions
Note23
Economic Customer Products Environmental
Restructuring Other risks Provisionsrisks risks risks risks
Dec.31, 2012 703 96 411 70 132 307 1,720
Long-term portion 430 44 93 55 12 151 785
Additions 99 25 116 4 103 135 482
Utilizations (70) (23) (94) (13) (83) (116) (399)
Reversals of surplus
(117) (11) (29) (1) (12) (14) (184)provisions
Translation adjustments (39) (7) (20) (4) (1) (18) (89)
Changes in the scope of
92 18 46 5 (4) 24 181consolidation and other
Dec.31, 2013* 668 98 430 61 135 318 1,710
Long-term portion 439 43 131 45 9 160 827
Additions 65 20 110 10 83 133 421
Discounting effect - - - 2 - - 2
Utilizations (38) (15) (102) (20) (94) (153) (422)
Reversals of surplus
(52) (5) (37) (7) (8) (20) (129)provisions
Translation adjustments 12 2 10 29 2 39 94
Changes in the scope of
56 (13) 35 233 9 230 550consolidation and other
Dec.31, 2014 711 87 446 308 127 547 2,226
Long-term portion 450 60 149 283 19 288 1,249
The 2013 figures were restated from the change in consolidation method disclosed in note1.*
(a) Economic risks (c) Product risks
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
EUR87million.
226 2014 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC