Note 31 Provisions

Provisions which are long-term liabilities

Group, MSEK 2016 2015
Guarantee risk reserve 310 345
Re-establishment costs 136 96
Disputes 0 10
Commitments for joint ventures 43 46
Special payroll tax on pensions 85 72
Other 20 23
Total 594 592

Provisions which are current liabilities

Group, MSEK 2016 2015
Guarantee risk reserve 104 55
Demobilization costs – 1
Disputes 55 51
Other 46 12
Total 205 119

Provisions

Parent company, MSEK 2016 2015
Special payroll tax on pensions 28 25
Total 28 25

Group 2016, MSEK Guarantee risk reserve Re-establishment costs Demobilization costs Disputes Commitments for joint ventures Special payroll tax on pensions Other Total
Opening book value 400 96 1 61 46 72 35 711
Provisions set aside during the year 167 23 4 6 13 55 268
Increase through business combinations 30 30
Amounts requisitioned during the year -137 -12 -1 -11 -9 -2 -172
Reversed unutilized provisions during the year -24 -1 -8 -26 -59
Reclassifications 8 8
Translation difference for the year 8 1 4 13
Closing book value 414 136  – 55 43 85 66 799
Provisions which are long-term liabilities 310 136 0 43 85 20 594
Provisions which are current liabilities 104 55 46 205
Group 2015, MSEK Guarantee risk reserve Re-establishment costs Demobilization costs  Disputes Commitments for joint ventures Special payroll tax on pensions Other Total
Opening book value 402 85 42 18 47 49 75 718
Provisions set aside during the year 128 16 1 49 4 23 28 249
Amounts requisitioned during the year -104 -5 -41 -6 -5 -56 -217
Reversed unutilized provisions during the year -17 0 0 -13 -30
Reclassifications -2 2  –
Translation difference for the year -7 0 -1 0 -1 -9
Closing book value 400 96 1 61 46 72 35 711
Provisions which are long-term liabilities 345 96 10 46 72 23 592
Provisions which are current liabilities 55 1 51 12 119

 

Parent company, MSEK 2016 2015
Opening book value 25 20
Provisions set aside during the year 3 5
Closing book value 28 25
Provisions which are long-term liabilities 28 25

Guarantee risk reserve

Refers to the estimated cost of remedying faults and deficiencies in terminated projects that arise while the project is under warranty and rental guarantees. Resources are consumed during the guarantee period of the project which is generally two to five years. As the effect of the time point for payment is not significant expected future disbursements are not valued at their current value. Provisions for guarantee risks are set aside in all business areas.

Re-establishment costs

Refers to restoration costs for gravel pits and rock quarries after termination of operations. The provision grows in relation to the amount quarried and is reversed after restoration is complete. The reserved sum is expected to be used successively after operations are terminated. The estimated restoration time is 1 to 15 years.

Disputes

Refers to disputes in business area Construction and Industry.

Commitments for joint ventures

Refers to shares in joint ventures with a negative consolidated value in the business area Project Development.

Others

Refers to other minor provisions.