Note 47 Provisions
|
€ million |
Deferred tax |
Long-service benefits |
Termination benefits |
Other provisions |
Total |
|
Carrying amount as at 1 January 2024 |
- |
12 |
1 |
7 |
20 |
|
Movements 2024 |
|||||
|
Added |
- |
4 |
1 |
24 |
29 |
|
Released |
- |
-5 |
-1 |
-20 |
-26 |
|
Utilised |
- |
-1 |
- |
-4 |
-5 |
|
Reclassification to short-term liabilities |
- |
1 |
- |
-1 |
- |
|
Settlements and other changes |
- |
-1 |
- |
1 |
- |
|
Total |
- |
-2 |
- |
- |
-2 |
|
Carrying amount as at 31 December 2024 |
- |
10 |
1 |
7 |
18 |
|
Movements 2025 |
|||||
|
Added |
- |
5 |
1 |
28 |
34 |
|
Released |
- |
-4 |
- |
-20 |
-24 |
|
Utilised |
- |
-1 |
- |
-5 |
-6 |
|
Settlements and other changes |
5 |
- |
-1 |
- |
4 |
|
Total |
5 |
- |
- |
3 |
8 |
|
Carrying amount as at 31 December 2025 |
5 |
10 |
1 |
10 |
26 |
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 the benefit after retiring. The provision totalled €9 million at year-end 2025 (2024: €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. No use was made of the reorganisation provision in 2025 (2024: €1 million). The provision for employment termination payments and reorganisations totalled €1 million at year-end 2025 (2024: €1 million).
The other provisions include provisions for long-term sickness absence.
For more details on deferred tax, please refer to note 17.