Provisions for disputes connected with operations relate mainly to disputes with customers, subcontractors, joint contractors or suppliers.
Restructuring provisions include the cost of plans and measures for which there is a commitment whenever these have been announced before the period end.
| (in € millions) | Opening | Provisions taken | Provisions used | Other reversals | Changes in consolidation scope and miscellaneous | Change in the part at less than one year | Currency translation differences | Closing |
|---|---|---|---|---|---|---|---|---|
| 01/01/2021 | 01/01/2021Opening4,741 | 01/01/2021 Provisions taken 1,912 |
01/01/2021 Provisions used (1,346) |
01/01/2021 Other reversals (247) |
01/01/2021 Changes in consolidation scope and miscellaneous (20) |
01/01/2021Change in the part at less than one year (15) |
01/01/2021 Currency translation differences (52) |
01/01/2021Closing4,973 |
| Obligation to maintain the condition of concession assets | Obligation to maintain the condition of concession assets Opening987 |
Obligation to maintain the condition of concession assets Provisions taken 164 |
Obligation to maintain the condition of concession assets Provisions used (111) |
Obligation to maintain the condition of concession assets Other reversals (18) |
Obligation to maintain the condition of concession assets Changes in consolidation scope and miscellaneous 1 |
Obligation to maintain the condition of concession assets Change in the part atless than one year – |
Obligation to maintain the condition of concession assets Currency translation differences 1 |
Obligation to maintain the condition of concession assets Closing1,024 |
| After-sales service | After-sales service Opening401 |
After-sales service Provisions taken 145 |
After-sales service Provisions used (117) |
After-sales service Other reversals (12) |
After-sales service Changes in consolidation scope and miscellaneous 19 |
After-sales service Change in the part atless than one year – |
After-sales service Currency translation differences 5 |
After-sales service Closing442 |
| Losses on completion and construction project liabilities | Losses on completion and construction project liabilities Opening1,558 |
Losses on completion and construction project liabilities Provisions taken 1,010 |
Losses on completion and construction project liabilities Provisions used (750) |
Losses on completion and construction project liabilities Other reversals (46) |
Losses on completion and construction project liabilities Changes in consolidation scope and miscellaneous 7 |
Losses on completion and construction project liabilities Change in the part atless than one year – |
Losses on completion and construction project liabilities Currency translation differences 22 |
Losses on completion and construction project liabilities Closing1,800 |
| Disputes | Disputes Opening553 |
Disputes Provisions taken 279 |
Disputes Provisions used (124) |
Disputes Other reversals (31) |
Disputes Changes in consolidation scope and miscellaneous 1 |
Disputes Change in the part atless than one year – |
Disputes Currency translation differences – |
Disputes Closing678 |
| Restructuring costs | Restructuring costs Opening58 |
Restructuring costs Provisions taken 13 |
Restructuring costs Provisions used (28) |
Restructuring costs Other reversals (11) |
Restructuring costs Changes in consolidation scope and miscellaneous (5) |
Restructuring costs Change in the part atless than one year – |
Restructuring costs Currency translation differences – |
Restructuring costs Closing27 |
| Other current liabilities | Other current liabilities Opening1,235 |
Other current liabilities Provisions taken 645 |
Other current liabilities Provisions used (339) |
Other current liabilities Other reversals (78) |
Other current liabilities Changes in consolidation scope and miscellaneous 487 (*) |
Other current liabilities Change in the part atless than one year – |
Other current liabilities Currency translation differences 14 |
Other current liabilities Closing1,963 |
| Reclassification of the part at less than one year | Reclassification of the part at less than one year Opening182 |
Reclassification of the part at less than one year Provisions taken – |
Reclassification of the part at less than one year Provisions used – |
Reclassification of the part at less than one year Other reversals – |
Reclassification of the part at less than one year Changes in consolidation scope and miscellaneous 19 |
Reclassification of the part at less than one year Change in the part atless than one year (14) |
Reclassification of the part at less than one year Currency translation differences 1 |
Reclassification of the part at less than one year Closing188 |
| 31/12/2021 (*) | 31/12/2021 (*)Opening4,973 | 31/12/2021 (*) Provisions taken 2,256 |
31/12/2021 (*) Provisions used (1,469) |
31/12/2021 (*) Other reversals (196) |
31/12/2021 (*) Changes in consolidation scope and miscellaneous 529 |
31/12/2021 (*)Change in the part at less than one year (14) |
31/12/2021 (*) Currency translation differences 44 |
31/12/2021 (*)Closing6,123 |
| Obligation to maintain the condition of concession assets | Obligation to maintain the condition of concession assets Opening1,024 |
Obligation to maintain the condition of concession assets Provisions taken 198 |
Obligation to maintain the condition of concession assets Provisions used (127) |
Obligation to maintain the condition of concession assets Other reversals (29) |
Obligation to maintain the condition of concession assets Changes in consolidation scope and miscellaneous 95 |
Obligation to maintain the condition of concession assets Change in the part atless than one year – |
Obligation to maintain the condition of concession assets Currency translation differences 3 |
Obligation to maintain the condition of concession assets Closing1,164 |
| After-sales service | After-sales service Opening442 |
After-sales service Provisions taken 127 |
After-sales service Provisions used (93) |
After-sales service Other reversals (20) |
After-sales service Changes in consolidation scope and miscellaneous 12 |
After-sales service Change in the part atless than one year – |
After-sales service Currency translation differences (3) |
After-sales service Closing466 |
| Losses on completion and construction project liabilities | Losses on completion and construction project liabilities Opening1,800 |
Losses on completion and construction project liabilities Provisions taken 1,147 |
Losses on completion and construction project liabilities Provisions used (989) |
Losses on completion and construction project liabilities Other reversals (84) |
Losses on completion and construction project liabilities Changes in consolidation scope and miscellaneous 15 |
Losses on completion and construction project liabilities Change in the part atless than one year – |
Losses on completion and construction project liabilities Currency translation differences (2) |
Losses on completion and construction project liabilities Closing1,886 |
| Disputes | Disputes Opening678 |
Disputes Provisions taken 281 |
Disputes Provisions used (183) |
Disputes Other reversals (33) |
Disputes Changes in consolidation scope and miscellaneous 1 |
Disputes Change in the part atless than one year – |
Disputes Currency translation differences (2) |
Disputes Closing742 |
| Restructuring costs | Restructuring costs Opening27 |
Restructuring costs Provisions taken 5 |
Restructuring costs Provisions used (13) |
Restructuring costs Other reversals (2) |
Restructuring costs Changes in consolidation scope and miscellaneous – |
Restructuring costs Change in the part atless than one year – |
Restructuring costs Currency translation differences – |
Restructuring costs Closing17 |
| Other current liabilities | Other current liabilities Opening1,963 |
Other current liabilities Provisions taken 851 |
Other current liabilities Provisions used (569) |
Other current liabilities Other reversals (88) |
Other current liabilities Changes in consolidation scope and miscellaneous 9 |
Other current liabilities Change in the part atless than one year – |
Other current liabilities Currency translation differences 11 |
Other current liabilities Closing2,178 |
| Reclassification of the part at less than one year | Reclassification of the part at less than one year Opening188 |
Reclassification of the part at less than one year Provisions taken – |
Reclassification of the part at less than one year Provisions used – |
Reclassification of the part at less than one year Other reversals – |
Reclassification of the part at less than one year Changes in consolidation scope and miscellaneous (4) |
Reclassification of the part at less than one year Change in the part atless than one year (37) |
Reclassification of the part at less than one year Currency translation differences (1) |
Reclassification of the part at less than one year Closing146 |
| 31/12/2022 | 31/12/2022Opening6,123 | 31/12/2022 Provisions taken 2,611 |
31/12/2022 Provisions used (1,973) |
31/12/2022 Other reversals (257) |
31/12/2022 Changes in consolidation scope and miscellaneous 127 |
31/12/2022Change in the part at less than one year (37) |
31/12/2022 Currency translation differences 6 |
31/12/2022Closing6,599 |
(*) Amounts adjusted following the final purchase price allocation for Cobra IS, acquired in December 2021. See Note B.2, “Changes in consolidation scope in previous periods”.
At 31 December 2022, contractual obligations to maintain the condition of concession assets mainly comprised €534 million for the ASF group (€501 million at 31 December 2021), €264 million for Cofiroute (€270 million at 31 December 2021), and €333 million for VINCI Airports (€224 million at 31 December 2021) including €125 million for ANA (€113 million at 31 December 2021) and €94 million for OMA.
Provisions for other current liabilities mainly consist of individual provisions in amounts of less than €2 million.
These include provisions for worksite restoration and removal costs for €230 million (€216 million at 31 December 2021).
Non-current provisions are recognised whenever, at the balance sheet date, the Group has a legal or constructive present obligation towards non-Group companies arising from a past event, whenever it is probable that the obligation will result in an outflow of resources with no consideration in return and whenever a reliable estimate can be made of the amount of the obligation. These provisions are measured at their present value, corresponding to the best estimate of the outflow of resources required to settle the corresponding obligation.
The part at less than one year of provisions not directly linked to the operating cycle is reported under “Current provisions”.
The part at less than one year of other employee benefits is reported under “Other current liabilities”.
| (in € millions) | Opening | Provisions taken | Provisions used | Other reversals not used | Changes in consolidation scope and miscellaneous | Change in the part at less than one year | Currency translation differences | Closing |
|---|---|---|---|---|---|---|---|---|
| 01/01/2021 | 01/01/2021 Opening 1,341 |
01/01/2021 Provisions taken 90 |
01/01/2021 Provisions used (58) |
01/01/2021 Other reversals not used (16) |
01/01/2021 Changes in consolidation scope and miscellaneous (228) |
01/01/2021 Change in the part at less than one year 15 |
01/01/2021 Currency translation differences (5) |
01/01/2021Closing1,140 |
| Financial risks | Financial risks Opening 1,019 |
Financial risks Provisions taken 50 |
Financial risks Provisions used (4) |
Financial risks Other reversals not used (1) |
Financial risks Changes in consolidation scope and miscellaneous (132) |
Financial risks Change in the part at less than one year – |
Financial risks Currency translation differences – |
Financial risks Closing933 |
| Other liabilities | Other liabilities Opening 303 |
Other liabilities Provisions taken 144 |
Other liabilities Provisions used (66) |
Other liabilities Other reversals not used (5) |
Other liabilities Changes in consolidation scope and miscellaneous 15 |
Other liabilities Change in the part at less than one year – |
Other liabilities Currency translation differences 1 |
Other liabilities Closing393 |
| Reclassification of the part at less than one year | Reclassification of the part at less than one year Opening (182) |
Reclassification of the part at less than one year Provisions taken – |
Reclassification of the part at less than one year Provisions used – |
Reclassification of the part at less than one year Other reversals not used – |
Reclassification of the part at less than one year Changes in consolidation scope and miscellaneous (19) |
Reclassification of the part at less than one year Change in the part at less than one year 14 |
Reclassification of the part at less than one year Currency translation differences (1) |
Reclassification of the part at less than one year Closing(188) |
| 31/12/2021 | 31/12/2021 Opening 1,140 |
31/12/2021 Provisions taken 194 |
31/12/2021 Provisions used (69) |
31/12/2021 Other reversals not used (6) |
31/12/2021 Changes in consolidation scope and miscellaneous (137) |
31/12/2021 Change in the part at less than one year 14 |
31/12/2021 Currency translation differences – |
31/12/2021Closing1,137 |
| Financial risks | Financial risks Opening 933 |
Financial risks Provisions taken 53 |
Financial risks Provisions used (12) |
Financial risks Other reversals not used (2) |
Financial risks Changes in consolidation scope and miscellaneous (257) |
Financial risks Change in the part at less than one year – |
Financial risks Currency translation differences – |
Financial risks Closing715 |
| Other liabilities | Other liabilities Opening 393 |
Other liabilities Provisions taken 134 |
Other liabilities Provisions used (107) |
Other liabilities Other reversals not used (9) |
Other liabilities Changes in consolidation scope and miscellaneous (17) |
Other liabilities Change in the part at less than one year – |
Other liabilities Currency translation differences (2) |
Other liabilities Closing392 |
| Reclassification of the part at less than one year | Reclassification of the part at less than one year Opening (188) |
Reclassification of the part at less than one year Provisions taken – |
Reclassification of the part at less than one year Provisions used – |
Reclassification of the part at less than one year Other reversals not used – |
Reclassification of the part at less than one year Changes in consolidation scope and miscellaneous 4 |
Reclassification of the part at less than one year Change in the part at less than one year 37 |
Reclassification of the part at less than one year Currency translation differences 1 |
Reclassification of the part at less than one year Closing(146) |
| 31/12/2022 | 31/12/2022 Opening 1,137 |
31/12/2022 Provisions taken 188 |
31/12/2022 Provisions used (119) |
31/12/2022 Other reversals not used (11) |
31/12/2022 Changes in consolidation scope and miscellaneous (269) |
31/12/2022 Change in the part at less than one year 37 |
31/12/2022 Currency translation differences (1) |
31/12/2022 Closing961 |
Provisions for financial risks include the Group’s share of the negative net equity of companies accounted for under the equity method. That negative net equity results mainly from the measurement of interest rate derivative instruments (cash flow hedges) at fair value in the financial statements of the companies concerned.
