DSV Annual Report 2022

65 DSV Annual Report 2022 Consolidated financial statements 2022 = III 3.8 Provisions Accounting policies Provisions are recognised when, due to an event occurring on or before the reporting date, the Group has a legal or constructive obligation and it is probable that the Group will have to give up future economic benefits to meet the obligation. Provisions are measured on the basis of Management's best estimate of the anticipated expenditure for settlement of the relevant obligation and are discounted if deemed material. Management judgements and estimates Management continually assesses provisions, including contingencies and the likely outcome of pending and potential legal proceedings. The out- come of such proceedings depends on future events, which are, by na- ture, uncertain. When considering provisions involving significant estimates, opinions and estimates by external legal experts as well as existing case law are applied in assessing the probable outcome of material legal proceedings, etc. Provisions Provisions have not been discounted, as the effect thereof is immaterial. Provisions are expected to be settled within two years in all material respects. Restructuring costs Restructuring costs relate mainly to the integration of acquirees and the restructuring plans previously announced, which consist mainly of termina- tion benefits and costs under terminated leases. Disputes and legal actions Provisions for disputes and legal actions relate mainly to probable liabilities taken over at the acquisition of enterprises. Provisions - 2022 (DKKm) Provisions at 1 January Additions for the year Other provisions Other provisions include indemnification liabilities totalling DKK 1,843 million relating to various company- and value added taxes (2021: DKK 1,818 million). Furthermore, other provisions mainly relates to restoration obligations in connection with property leases and onerous contracts. Restructuring costs Disputes and legal actions Other provisions Total 673 940 3,736 5,349 978 301 2,202 3,481 Additions from business combinations Used for the year 4 4 69 77 (655) (227) (1,223) (2,105) Reversal of provisions made in previous years (36) (56) (53) (145) Currency translation 2 13 (5) 10 Provisions at 31 December 966 975 4,726 6,667 Current/non-current classification: Non-current liabilities Current liabilities Provisions at 31 December 445 325 3,490 4,260 521 650 1,236 2,407 966 975 4,726 6,667

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