| (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 |
|---|---|---|---|---|---|---|---|---|
| 01/01/2023 | 01/01/2023 Opening 6,123 |
01/01/2023 Provisions taken 2,611 |
01/01/2023 Provisions used (1,973) |
01/01/2023 Other reversals (257) |
01/01/2023 Changes in consolidation scope and miscellaneous 127 |
01/01/2023 Change in the part at less than one year (37) |
01/01/2023 Currency translation differences 6 |
01/01/2023 Closing 6,599 |
| Obligation to maintain the condition of concession assets | Obligation to maintain the condition of concession assets Opening 1,164 |
Obligation to maintain the condition of concession assets Provisions taken 275 |
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 miscellaneous 10 |
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 differences 11 |
Obligation to maintain the condition of concession assets Closing 1,314 |
| After-sales service | After-sales service Opening 466 |
After-sales service Provisions taken 251 |
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 differences 2 |
After-sales service Closing 572 |
| Losses on completion and construction project liabilities | Losses on completion and construction project liabilities Opening 1,886 |
Losses on completion and construction project liabilities Provisions taken 1,155 |
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 miscellaneous 23 |
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 Closing 1,908 |
| Disputes | Disputes Opening 742 |
Disputes Provisions taken 301 |
Disputes Provisions used (230) |
Disputes Other reversals (38) |
Disputes Changes in consolidation scope and miscellaneous 11 |
Disputes Change in the part at less than one year - |
Disputes Currency translation differences 4 |
Disputes Closing 791 |
| Restructuring costs | Restructuring costs Opening 17 |
Restructuring costs Provisions taken 16 |
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 differences 0 |
Restructuring costs Closing 22 |
| Other current liabilities | Other current liabilities Opening 2,178 |
Other current liabilities Provisions taken 1,074 |
Other current liabilities Provisions used (694) |
Other current liabilities Other reversals (132) |
Other current liabilities Changes in consolidation scope and miscellaneous 101 |
Other current liabilities Change in the part at less than one year - |
Other current liabilities Currency translation differences (2) |
Other current liabilities Closing 2,525 |
| 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 - |
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 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 | 31/12/2023 Opening 6,599 |
31/12/2023 Provisions taken 3,072 |
31/12/2023 Provisions used (2,297) |
31/12/2023 Other reversals (249) |
31/12/2023 Changes in consolidation scope and miscellaneous 141 |
31/12/2023 Change in the part at less than one year 29 |
31/12/2023 Currency translation differences 10 |
31/12/2023 Closing 7,304 |
| Obligation to maintain the condition of concession assets | Obligation to maintain the condition of concession assets Opening 1,314 |
Obligation to maintain the condition of concession assets Provisions taken 314 |
Obligation to maintain the condition of concession assets Provisions used (139) |
Obligation to maintain the condition of concession assets Other reversals (67) |
Obligation to maintain the condition of concession assets Changes in consolidation scope and miscellaneous 4 |
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 differences (15) |
Obligation to maintain the condition of concession assets Closing 1,410 |
| After-sales service | After-sales service Opening 572 |
After-sales service Provisions taken 149 |
After-sales service Provisions used (152) |
After-sales service Other reversals (26) |
After-sales service Changes in consolidation scope and miscellaneous (3) |
After-sales service Change in the part at less than one year - |
After-sales service Currency translation differences 2 |
After-sales service Closing 542 |
| Losses on completion and construction project liabilities | Losses on completion and construction project liabilities Opening 1,908 |
Losses on completion and construction project liabilities Provisions taken 1,216 |
Losses on completion and construction project liabilities Provisions used (931) |
Losses on completion and construction project liabilities Other reversals (67) |
Losses on completion and construction project liabilities Changes in consolidation scope and miscellaneous 17 |
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 0 |
Losses on completion and construction project liabilities Closing 2,143 |
| Disputes | Disputes Opening 791 |
Disputes Provisions taken 293 |
Disputes Provisions used (235) |
Disputes Other reversals (59) |
Disputes Changes in consolidation scope and miscellaneous (6) |
Disputes Change in the part at less than one year - |
Disputes Currency translation differences 4 |
Disputes Closing 787 |
| Restructuring costs | Restructuring costs Opening 22 |
Restructuring costs Provisions taken 30 |
Restructuring costs Provisions used (9) |
Restructuring costs Other reversals (7) |
Restructuring costs Changes in consolidation scope and miscellaneous (1) |
Restructuring costs Change in the part at less than one year - |
Restructuring costs Currency translation differences 0 |
Restructuring costs Closing 36 |
| Other current liabilities | Other current liabilities Opening 2,525 |
Other current liabilities Provisions taken 1,123 |
Other current liabilities Provisions used (795) |
Other current liabilities Other reversals (106) |
Other current liabilities Changes in consolidation scope and miscellaneous 49 |
Other current liabilities Change in the part at less than one year - |
Other current liabilities Currency translation differences (7) |
Other current liabilities Closing 2,789 |
| Reclassification of the part at less than one year | Reclassification of the part at less than one year Opening 172 |
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 (1) |
Reclassification of the part at less than one year Change in the part at less than one year (51) |
Reclassification of the part at less than one year Currency translation differences 0 |
Reclassification of the part at less than one year Closing 121 |
| 31/12/2024 | 31/12/2024 Opening 7,304 |
31/12/2024 Provisions taken 3,124 |
31/12/2024 Provisions used (2,260) |
31/12/2024 Other reversals (332) |
31/12/2024 Changes in consolidation scope and miscellaneous 58 |
31/12/2024 Change in the part at less than one year (51) |
31/12/2024 Currency translation differences (16) |
31/12/2024 Closing 7,828 |
At 31 December 2024, contractual obligations to maintain the condition of concession assets mainly comprised €666 million for the ASF group (€600 million at 31 December 2023), €281 million for Cofiroute (€279 million at 31 December 2023), and €404 million for VINCI Airports (€393 million at 31 December 2023) including €157 million for ANA (€148 million at 31 December 2023) and €107 million for OMA (€119 million at 31 December 2023).
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 €254 million (€248 million at 31 December 2023).
Accounting policies
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”.
Detail of non-current provisions
| (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 |
|---|---|---|---|---|---|---|---|---|
| 01/01/2023 | 01/01/2023 Opening 1,137 |
01/01/2023 Provisions taken 188 |
01/01/2023 Provisions used (119) |
01/01/2023 Other reversals not used (11) |
01/01/2023 Changes in consolidation scope and miscellaneous (269) |
01/01/2023 Change in the part at less than one year 37 |
01/01/2023 Currency translation differences (1) |
01/01/2023 Closing 961 |
| Financial risks | Financial risks Opening 715 |
Financial risks Provisions taken 28 |
Financial risks Provisions used (20) |
Financial risks Other reversals not used 3 |
Financial risks Changes in consolidation scope and miscellaneous 111 |
Financial risks Change in the part at less than one year - |
Financial risks Currency translation differences (0) |
Financial risks Closing 838 |
| Other liabilities | Other liabilities Opening 392 |
Other liabilities Provisions taken 153 |
Other liabilities Provisions used (79) |
Other liabilities Other reversals not used (3) |
Other liabilities Changes in consolidation scope and miscellaneous (1) |
Other liabilities Change in the part at less than one year - |
Other liabilities Currency translation differences 1 |
Other liabilities Closing 462 |
| 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 in consolidation scope and miscellaneous 3 |
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 | 31/12/2023 Opening 961 |
31/12/2023 Provisions taken 181 |
31/12/2023 Provisions used (99) |
31/12/2023 Other reversals not used 0 |
31/12/2023 Changes in consolidation scope and miscellaneous 112 |
31/12/2023 Change in the part at less than one year (29) |
31/12/2023 Currency translation differences 0 |
31/12/2023 Closing 1,127 |
| Financial risks | Financial risks Opening 838 |
Financial risks Provisions taken 10 |
Financial risks Provisions used (14) |
Financial risks Other reversals not used (11) |
Financial risks Changes in consolidation scope and miscellaneous (49) |
Financial risks Change in the part at less than one year - |
Financial risks Currency translation differences 0 |
Financial risks Closing 774 |
| Other liabilities | Other liabilities Opening 462 |
Other liabilities Provisions taken 118 |
Other liabilities Provisions used (86) |
Other liabilities Other reversals not used (8) |
Other liabilities Changes in consolidation scope and miscellaneous (125) |
Other liabilities Change in the part at less than one year - |
Other liabilities Currency translation differences (3) |
Other liabilities Closing 358 |
| Reclassification of the part at less than one year | Reclassification of the part at less than one year Opening (172) |
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 1 |
Reclassification of the part at less than one year Change in the part at less than one year 51 |
Reclassification of the part at less than one year Currency translation differences (0) |
Reclassification of the part at less than one year Closing (121) |
| 31/12/2024 | 31/12/2024 Opening 1,127 |
31/12/2024 Provisions taken 128 |
31/12/2024 Provisions used (100) |
31/12/2024 Other reversals not used (19) |
31/12/2024 Changes in consolidation scope and miscellaneous (173) |
31/12/2024 Change in the part at less than one year 51 |
31/12/2024 Currency translation differences (3) |
31/12/2024 Closing 1,011 |
Provisions for financial risks
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
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 €358 million at 31 December 2024 (€462 million at 31 December 2023), including €266 million at more than one year (€326 million at 31 December 2023).
