Notes to the Group’s Financial Statements
Select note 1–42
30 Provisions | ||||
P&C insurance | ||||
EURm | 2016 | |||
At 1 Jan. 2016 | 51 | |||
Exchange rate differences | -1 | |||
Additions | 9 | |||
Amounts used during the period | -22 | |||
Unused amounts reversed during the period | -1 | |||
At 31 Dec. 2016 | 35 | |||
Current (less than 1 year) | 8 | |||
Non-current (more than 1 year) | 27 | |||
Total | 35 | |||
EURm 11 of the provision consist of assets reserved for the development of efficient administrative and claims-adjustment processes and structural changes in distribution channels result in organisational changes that affect all business areas. In addition, the item includes a provision of about EURm 21 for law suits and other uncertain liabilities. |
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