Investor Presentaiton
92
A.P. Moller-Maersk Annual Report 2020
Financials
Consolidated financial statements
Notes index
Note 15 Provisions
Table 15.1
Restructuring
Legal
disputes, etc.
Other
Total
1 January 2020
107
618
369
1,094
Provision made
151
487
190
Amount used
78
144
50
828
272
Amount reversed
49
173
146
368
Addition from business combinations
3
10
13
Exchange rate adjustment
5
-14
-5
-14
136
777
368
1,281
31 December 2020
Of which:
Classified as non-current
Classified as current
Non-current provisions expected to
be realised after more than five years
2
396
158
556
134
381
210
725
57
10
10
67
Amounts in USD million =
Table 15.1
Restructuring includes provisions for decided and publicly
announced restructurings. Legal disputes, etc. include
among other things indirect tax and duty disputes. Other
includes provisions for warranties and risk under certain
self-insurance programmes. The provisions are subject
to considerable uncertainty, cf. note 24.
Reversals of provisions primarily relate to legal disputes
and contractual disagreements, which are recognised in
the income statement under operating costs and tax.View entire presentation