| (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 |
|---|---|---|---|---|---|---|---|---|
| 01/01/2022 | 01/01/2022Opening4,973 | 01/01/2022Provisions taken2,256 | 01/01/2022Provisions used(1,469) | 01/01/2022Other reversals(196) | 01/01/2022Changes in consolidation scope and miscellaneous529 | 01/01/2022Change in the part at less than one year(14) | 01/01/2022Currency translation differences44 | 01/01/2022Closing6,123 |
| 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 taken198 |
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 miscellaneous95 |
Obligation to maintain the condition of concession assets Change in the part at less than one year- |
Obligation to maintain the condition of concession assets Currency translation differences3 |
Obligation to maintain the condition of concession assets Closing1,164 |
| After-sales service | After-sales service Opening442 |
After-sales service Provisions taken127 |
After-sales service Provisions used(93) |
After-sales service Other reversals(20) |
After-sales service Changes in consolidation scope and miscellaneous12 |
After-sales service Change in the part at less 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 taken1,147 |
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 miscellaneous15 |
Losses on completion and construction project liabilities Change in the part at less 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 taken281 |
Disputes Provisions used(183) |
Disputes Other reversals(33) |
Disputes Changes in consolidation scope and miscellaneous1 |
Disputes Change in the part at less than one year- |
Disputes Currency translation differences(2) |
Disputes Closing742 |
| Restructuring costs | Restructuring costs Opening27 |
Restructuring costs Provisions taken5 |
Restructuring costs Provisions used(13) |
Restructuring costs Other reversals(2) |
Restructuring costs Changes in consolidation scope and miscellaneous(0) |
Restructuring costs Change in the part at less than one year- |
Restructuring costs Currency translation differences(0) |
Restructuring costs Closing17 |
| Other current liabilities | Other current liabilities Opening1,963 |
Other current liabilities Provisions taken851 |
Other current liabilities Provisions used(569) |
Other current liabilities Other reversals(88) |
Other current liabilities Changes in consolidation scope and miscellaneous9 |
Other current liabilities Change in the part at less than one year- |
Other current liabilities Currency translation differences11 |
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 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 Closing146 |
| 31/12/2022 | 31/12/2022Opening6,123 | 31/12/2022Provisions taken2,611 | 31/12/2022Provisions used(1,973) | 31/12/2022Other reversals(257) | 31/12/2022Changes in consolidation scope and miscellaneous127 | 31/12/2022Change in the part at less than one year(37) | 31/12/2022Currency translation differences6 | 31/12/2022Closing6,599 |
| Obligation to maintain the condition of concession assets | Obligation to maintain the condition of concession assets Opening1,164 |
Obligation to maintain the condition of concession assets Provisions taken275 |
Obligation to maintain the condition of concession assets Provisions used(133) |
Obligation to maintain the condition of concession assets Other reversals(13) |
Obligation to maintain the condition of concession assets Changes in consolidation scope and miscellaneous10 |
Obligation to maintain the condition of concession assets Change in the part at less than one year- |
Obligation to maintain the condition of concession assets Currency translation differences11 |
Obligation to maintain the condition of concession assets Closing1,314 |
| After-sales service | After-sales service Opening466 |
After-sales service Provisions taken251 |
After-sales service Provisions used(133) |
After-sales service Other reversals(13) |
After-sales service Changes in consolidation scope and miscellaneous(2) |
After-sales service Change in the part at less than one year- |
After-sales service Currency translation differences2 |
After-sales service Closing572 |
| Losses on completion and construction project liabilities | Losses on completion and construction project liabilities Opening1,886 |
Losses on completion and construction project liabilities Provisions taken1,155 |
Losses on completion and construction project liabilities Provisions used(1,100) |
Losses on completion and construction project liabilities Other reversals(51) |
Losses on completion and construction project liabilities Changes in consolidation scope and miscellaneous23 |
Losses on completion and construction project liabilities Change in the part at less than one year- |
Losses on completion and construction project liabilities Currency translation differences(5) |
Losses on completion and construction project liabilities Closing1,908 |
| Disputes | Disputes Opening742 |
Disputes Provisions taken301 |
Disputes Provisions used(230) |
Disputes Other reversals(38) |
Disputes Changes in consolidation scope and miscellaneous11 |
Disputes Change in the part at less than one year- |
Disputes Currency translation differences4 |
Disputes Closing791 |
| Restructuring costs | Restructuring costs Opening17 |
Restructuring costs Provisions taken16 |
Restructuring costs Provisions used(7) |
Restructuring costs Other reversals(3) |
Restructuring costs Changes in consolidation scope and miscellaneous(1) |
Restructuring costs Change in the part at less than one year- |
Restructuring costs Currency translation differences0 |
Restructuring costs Closing22 |
| Other current liabilities | Other current liabilities Opening2,178 |
Other current liabilities Provisions taken1,074 |
Other current liabilities Provisions used(694) |
Other current liabilities Other reversals(132) |
Other current liabilities Changes in consolidation scope and miscellaneous101 |
Other current liabilities Change in the part at less than one year- |
Other current liabilities Currency translation differences(2) |
Other current liabilities Closing2,525 |
| Reclassification of the part at less than one year | Reclassification of the part at less than one year Opening146 |
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(3) |
Reclassification of the part at less than one year Change in the part at less than one year29 |
Reclassification of the part at less than one year Currency translation differences0 |
Reclassification of the part at less than one year Closing172 |
| 31/12/2023 | 31/12/2023Opening6,599 | 31/12/2023Provisions taken3,072 | 31/12/2023Provisions used(2,297) | 31/12/2023Other reversals(249) | 31/12/2023Changes in consolidation scope and miscellaneous141 | 31/12/2023Change in the part at less than one year29 | 31/12/2023Currency translation differences10 | 31/12/2023Closing7,304 |
At 31 December 2023, contractual obligations to maintain the condition of concession assets mainly comprised €600 million for the ASF group (€534 million at 31 December 2022), €279 million for Cofiroute (€264 million at 31 December 2022), and €393 million for VINCI Airports (€333 million at 31 December 2022) including €148 million for ANA (€125 million at 31 December 2022) and €119 million for OMA (€94 million at 31 December 2022).
Provisions for other current liabilities mainly consist of individual provisions in amounts of less than €5 million. These include provisions for worksite restoration and removal costs for €248 million (€230 million at 31 December 2022).
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 consolidation scope and miscellaneous | Change in the part at less than one year | Currency translation differences | Closing |
|---|---|---|---|---|---|---|---|---|
| 01/01/2022 | 01/01/2022Opening1,140 | 01/01/2022Provisions taken194 | 01/01/2022Provisions used(69) | 01/01/2022Other reversals not used(6) | 01/01/2022Changes consolidation scope and miscellaneous(137) | 01/01/2022Change in the part at less than one year14 | 01/01/2022Currency translation differences0 | 01/01/2022Closing1,137 |
| Financial risks | Financial risks Opening933 |
Financial risks Provisions taken53 |
Financial risks Provisions used(12) |
Financial risks Other reversals not used(2) |
Financial risks Changes consolidation scope and miscellaneous(257) |
Financial risks Change in the part at less than one year- |
Financial risks Currency translation differences0 |
Financial risks Closing715 |
| Other liabilities | Other liabilities Opening393 |
Other liabilities Provisions taken134 |
Other liabilities Provisions used(107) |
Other liabilities Other reversals not used(9) |
Other liabilities Changes 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 consolidation scope and miscellaneous4 |
Reclassification of the part at less than one year Change in the part at less than one year37 |
Reclassification of the part at less than one year Currency translation differences1 |
Reclassification of the part at less than one year Closing(146) |
| 31/12/2022 | 31/12/2022Opening1,137 | 31/12/2022Provisions taken188 | 31/12/2022Provisions used(119) | 31/12/2022Other reversals not used(11) | 31/12/2022Changes consolidation scope and miscellaneous(269) | 31/12/2022Change in the part at less than one year37 | 31/12/2022Currency translation differences(1) | 31/12/2022Closing961 |
| Financial risks | Financial risks Opening715 |
Financial risks Provisions taken28 |
Financial risks Provisions used(20) |
Financial risks Other reversals not used3 |
Financial risks Changes consolidation scope and miscellaneous111 |
Financial risks Change in the part at less than one year- |
Financial risks Currency translation differences(0) |
Financial risks Closing838 |
| Other liabilities | Other liabilities Opening392 |
Other liabilities Provisions taken153 |
Other liabilities Provisions used(79) |
Other liabilities Other reversals not used(3) |
Other liabilities Changes consolidation scope and miscellaneous(1) |
Other liabilities Change in the part at less than one year- |
Other liabilities Currency translation differences1 |
Other liabilities Closing462 |
| Reclassification of the part at less than one year | Reclassification of the part at less than one year Opening(146) |
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 consolidation scope and miscellaneous3 |
Reclassification of the part at less than one year Change in the part at less than one year(29) |
Reclassification of the part at less than one year Currency translation differences(0) |
Reclassification of the part at less than one year Closing(172) |
| 31/12/2023 | 31/12/2023Opening961 | 31/12/2023Provisions taken181 | 31/12/2023Provisions used(99) | 31/12/2023Other reversals not used0 | 31/12/2023Changes consolidation scope and miscellaneous112 | 31/12/2023Change in the part at less than one year(29) | 31/12/2023Currency translation differences0 | 31/12/2023Closing1,127 |
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.
Provisions for other liabilities, not directly linked to the operating cycle, include provisions for disputes and arbitration, some of which are described in Note M, “Note on litigation”. These amounted to €462 million at 31 December 2023 (€392 million at 31 December 2022), including €326 million at more than one year (€279 million at 31 December 2022).
