21. Provisions

Notes to the Consolidated Financial Statements

20. Provisions

Changes in provisions during 2015:

€ 000

Restructuring

provision

Unprofitable

agreements

Total

1 Jan 2015

151 231 382

Increase in provisions

758 27 784

Provisions used

-773 -225 -998

31 Dec 2015

136 33 169
       

Changes in provisions during 2014:

€ 000

Restructuring

provision

Unprofitable

agreements

Total

1 Jan 2014

446

275

721

Increase in provisions

 151

231

 382

Provisions used

 -446

-275 -721

31 Dec 2014

 151

231 382
       

Restructuring provision

The restructuring provisions relate to organisational changes carried out during the year. They are included on the Balance Sheet under ‘Accruals’.

Unprofitable agreements

A loss provision is created for fixed-price projects if it becomes apparent that the completion of the project will require significantly more work input than has been estimated in connection with selling the project and can be invoiced from the customer on the basis of the agreement.

On the balance sheet date of 31/12/2015, there were three fixed-price projects for which loss provisions had been recorded on the basis of remaining work.