Note 47 Provisions
|
€ million |
Long-service benefits |
Termination benefits |
Other provisions |
Total |
|
Carrying amount as at 1 January 2022 |
13 |
1 |
20 |
34 |
|
Movements 2022 |
||||
|
Released |
-5 |
-1 |
-20 |
-27 |
|
Added |
3 |
3 |
16 |
22 |
|
Utilised |
-1 |
-2 |
-5 |
-8 |
|
Reclassification to short-term liabilities |
- |
- |
1 |
1 |
|
Total |
-3 |
- |
-8 |
-11 |
|
Carrying amount as at 31 December 2022 |
10 |
1 |
12 |
23 |
|
Movements 2023 |
||||
|
Released |
1 |
-1 |
-18 |
-18 |
|
Added |
3 |
1 |
25 |
29 |
|
Utilised |
-1 |
-2 |
-10 |
-13 |
|
Reclassification to short-term liabilities |
- |
3 |
-2 |
1 |
|
Reclassification liabilities held for sale |
-1 |
- |
- |
-1 |
|
Major curtailments and settlements |
- |
-1 |
- |
-1 |
|
Total |
2 |
- |
-5 |
-3 |
|
Carrying amount as at 31 December 2023 |
12 |
1 |
7 |
20 |
The long-service benefits scheme covers long-service benefits payable on attaining 25 and 40 years of service. Employees born before 1 January 1963 retain the entitlement to a benefit after retiring. Also, the 50-year long-service benefit will continue for five years as from 1 January 2020. The provision totalled €12 million at year-end 2023 (2022: €10 million).
This provision covers payments and/or supplements to benefits paid to employees whose employment contract has been or probably will be terminated. These benefits and supplements are based on the Social Plan operated by Alliander and individual arrangements. The Social Plan is periodically renegotiated and agreed. In 2023, an amount of €2 million was drawn down from the reorganisation provision (2022: €3 million). The provision for employment termination payments and reorganisations totalled €1 million at year-end 2023 (2022: €1 million).
The other provisions include provisions for long-term sickness absence.
The reclassification to liabilities held for sale relates to provisions made for employees working at Kenter B.V.