22 Other provisions
In accordance with IAS 37 Provisions, Contingent Liabilities and Contingent Assets, present (legal or constructive) obligations to third parties arising from past events are disclosed within other provisions if it is probable that an outflow of resources will be required and can be measured reliably.
|
|
Personnel and social |
|
Ongoing operations |
|
Other |
|
Total |
|---|---|---|---|---|---|---|---|---|
|
|
€k |
|
€k |
|
€k |
|
€k |
As of 1 Oct 2024 |
|
7,846 |
|
24,197 |
|
12,209 |
|
44,252 |
Additions |
|
4,564 |
|
17,237 |
|
3,048 |
|
24,849 |
Interest yield |
|
14 |
|
0 |
|
29 |
|
43 |
Reversals |
|
-31 |
|
-2,428 |
|
-3,140 |
|
-5,599 |
Utilization |
|
-3,555 |
|
-16,473 |
|
-2,469 |
|
-22,497 |
Translation differences |
|
-264 |
|
-365 |
|
-620 |
|
-1,249 |
As of 30 Sep 2025 |
|
8,574 |
|
22,168 |
|
9,057 |
|
39,799 |
» of which current provisions |
|
2,839 |
|
21,432 |
|
4,590 |
|
28,861 |
» of which non-current provisions |
|
5,735 |
|
736 |
|
4,467 |
|
10,938 |
As of 30 Sep 2024 |
|
7,846 |
|
24,197 |
|
12,209 |
|
44,252 |
» of which current provisions |
|
1,682 |
|
23,493 |
|
8,230 |
|
33,405 |
» of which non-current provisions |
|
6,164 |
|
704 |
|
3,979 |
|
10,847 |
Personnel and social commitments
The provisions for personnel and social commitments mostly relate to commitments for partial retirement and anniversary expenses which are carried in their full amount as non-current in accordance with IAS 19.133.
The provisions for partial retirement and anniversaries are measured using a projected unit credit method based on actuarial surveys. Actuarial gains and losses are recognized immediately through profit or loss. The measurement parameters correspond to the economic assumptions for financing the pension commitments. Plan assets for partial retirement obligations were offset at their fair value at the end of the reporting period with the provision for partial retirement.
The fair value of the plan assets was offset against the provision at the end of the reporting period as follows:
|
|
30 Sep 2025 |
|
30 Sep 2024 |
|---|---|---|---|---|
|
|
€k |
|
€k |
Present value of partial retirement obligations |
|
2,530 |
|
2,154 |
Fair value of plan assets |
|
755 |
|
743 |
Reported net liability for partial retirement obligations |
|
1,775 |
|
1,411 |
Commitments from ongoing operations
Commitments from ongoing operations primarily include warranty provisions. The Company is liable to the purchaser for the perfect functioning of the products sold during the contractually guaranteed period (warranty). Provisions are set up for this based on average values of warranty claims asserted in the past. These provisions are regularly adjusted to reflect actual experience. The appropriation to these warranty provisions is recorded under cost of goods sold.
Other commitments
The provisions for other commitments relate to identifiable individual risks and uncertain commitments, e.g. for litigation risks, risks from product recalls, asset retirement obligations in buildings or taxes unrelated to income. The provisions for litigation risks are measured mainly on the basis of potential claims arising from pending lawsuits and government clawbacks. The provisions for asset retirement obligations include the estimated costs mainly for the removal of leasehold improvements and the restoration of the leased property to its original state.