Boskalis jaarverslagen 2011

25. Provisions

    Unfavourable and onerous contracts   Claims   Guarantee obligations   Soil decontami-nation   Other   Total   2010
                             
Balance as at January 1, 2011   30,381   10,309   5,618   4,086   7,099   57,493   8,148
Acquired through business combinations   2,050     835       2,885   45,423
In / (out) consoldiation   -1,247         -342   -1,589  
Provisions made during the year     1,000   1,415   216   2,669   5,300   19,997
Provisions used during the year   -14,151   -34   -763     -2,106   -17,054   -13,748
Provisions reversed during the year   -3,754   -67       -390   -4,211   -2,504
Other movements   -4,466         -1,001   -5,467  
Exchange rate differences   -255     179     -17   -93   204
Discount to present value     948   27       975   -27
Balance as at December 31, 2011   8,558   12,156   7,311   4,302   5,912   38,239   57,493
                             
                             
Non-current   3,956   12,156   4,425   4,302   2,157   26,996   42,986
Current   4,602     2,886     3,755   11,243   14,507
Balance as at December 31, 2011   8,558   12,156   7,311   4,302   5,912   38,239   57,493

The provision for unfavourable and onerous contracts consist mainly of provisions, accounted at the start of business combinations, for projects or customer contracts which, when valued at fair value, are determined as unfavourable. The other provisions relate mainly to warranty liabilities, expected costs for cleaning up soil contamination and claims for completed projects received in the year and in previous years. The Group disputes these claims and has made an assessment of the projected costs resulting from these claims. The results of the claims are uncertain and may differ from the above listed provisions.

Added to My report add to My report Source: Annual report 2011, page 99