Catom Annual Report 2020 EN

8.2. Other provisions €

31-12-2020 31-12-2019

Site restoration

52,963

9,659

Long-service awards

66,217

62,251

Total other provisions

119,180

71,910

Movements in other provisions are as follows:

Long- service award

Clean-up operations

€

Total

Balance as at 1 January 2020

9,659

62,251

71,910

Addition

0

20,191

20,191

Provision for acquisition

45,252

0

45,252

Withdrawal

-1,948

-16,225

-18,173

Release

0

0

0

Balance as at 31 December 2020

52,963

66,217

119,180

• The provision for cleaning up polluted sites relates to the acquisition of two petrol stations and has since been substantiated by further examination.

• The provision for long-service awards has been entered in connection with payments promised to employees for long service. The provision has been discounted by applying a discount rate of 4%. Out of this provision, an amount of € 55,782 expires after more than one year.

9. Current liabilities

All current liabilities are due within one year. The fair value of these liabilities approximates their book value because of their short-term nature.

The current liabilities include a debt to the shareholders amounting to € 5,500,000.

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