Notes to the Group’s Financial Statements
Select note 1–41
30 Provisions | ||||
P&C insurance | ||||
EURm | 2015 | |||
At 1 Jan. 2015 | 63 | |||
Exchange rate differences | 1 | |||
Additions | 12 | |||
Amounts used during the period | -20 | |||
Unused amounts reversed during the period | -5 | |||
At 31 Dec. 2015 | 51 | |||
Current (less than 1 year) | 14 | |||
Non-current (more than 1 year) | 37 | |||
Total | 51 | |||
EURm 17 of the provision consist of assets reserved for the development of efficient administrative and claims-adjustment processes and structural changes in distribution channels result in organisational changes that affect all business areas. In addition, the item includes a provision of about EURm 30 for law suits and other uncertain liabilities. |