Catom Annual Report 2019 EN

8.2. Other provisions €

31-12-2019 31-12-2018

Site restoration

9,659

10,991

Long-service awards

62,251

72,553

Total other provisions

71,910

83,544

Movements in other provisions are as follows:

Long- service award

Clean-up operations

€

Total

Balance as at 1 January 2019

10,991

72,553

83,544

Addition

0

6,262

6,262

Withdrawal

-1,332

-16,564

-17,896

Release

0

0

0

Balance as at 31 December 2019

9,659

62,251

71,910

• The provision for cleaning up polluted sites relates to an acquired petrol station 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 € 56,328 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.

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