Annual Report 2022
Changes in provisions
At 1 January2424
Additional foreseen amounts311
Reversal of unused amounts-3-4
Usages in course of year-6-14
Acquisitions from third parties3-
At 31 December1824

The provisions were created for:

  • VAT and legal issues;

  • Dismantling costs wind turbines;

  • Employee restructuring expenses;

  • Retention of disability risk instead of insuring it with UWV (Employed Persons Insurance Administration Agency); and

  • Other expenses.

The provision for VAT and legal issues is based on best estimates available at year-end, making allowance for expert opinions.

The provisions for employee restructuring are based on arrangements agreed in the Collective Bargaining Agreement, restructuring plans, and on decisions made by a.s.r.’s management.

The timing of the outflow of resources related to these provisions is uncertain because of the unpredictability of the outcome and the time required for the settlement of disputes.

An amount of 7 million (2021: 11 million) of the provisions is expected to be settled within twelve months after the balance sheet date.