65 JOTUN A/S Note 16 OTHER CURRENT LIABILITIES Carrying amount (NOK thousand) 3 1 . 1 2 . 2 0 1 4 31.12.2013 Other current liabilities Liabilities to subsidiaries, joint ventures and associated companies 537 739 648 246 Public charges and holiday pay 123 274 116 802 Other accrued expenses 136 779 88 045 Total other current liabilities 797 791 853 093 Jotun Powder Coatings (N) AS had NOK 18 million in account payable towards external and Group companies, and NOK 14 million in other debt per 31.12.2013. There where no tax payable, and no current provisions. Jotun Powder Coatings (N) AS had NOK 5 million in public charges debt per 31.12.2013. Other accrued expenses are related to bonuses to employees, royalty, interests and other accrued expenses. Note 17 PROVISIONS (NOK thousand) Claims Restructuring Environmental Total 2014 Balance as of 1 January 2014 5 466 7 905 41 400 54 771 Provisions arising during the year 8 279 - 17 600 25 879 Utilised -4 160 -982 -18 195 -23 337 Unused amounts reversed - - - - Total provisions 31 December 2014 9 585 6 923 40 805 57 313 Current 1 200 6 923 11 300 19 423 Non-current 8 385 - 29 505 37 890 Total 9 585 6 923 40 805 57 313 2013 Balance as of 1 January 2013 11 567 22 652 55 000 89 219 Provisions arising during the year 1 802 - - 1 802 Utilised -1 100 -14 747 -13 600 -29 447 Unused amounts reversed -6 803 - - -6 803 Total provisions 31 December 2013 5 466 7 905 41 400 54 771 Current 460 7 905 16 400 24 765 Non-current 5 006 - 25 000 30 006 Total 5 466 7 905 41 400 54 771 Jotun Powder Coatings (N) AS had no provisons per 31.12.2013. Claims A provision is recognised for expected warranty claims on products sold, based on past experience of the level of repairs and returns. It is expected that most of these costs will be incurred in the next five years. Assumptions used to calculate the provision for claims were based on current information available about claim cases and the expected claims based on the warranty period for specific products sold. Restructuring provisions Long-term provisions for restructuring are related to close-down of plants in Norway. For all restructuring provisions detailed plans have been made and implemented. In accordance with the restructuring plans most of the costs have already occured. According to the plans the remaining costs will incur in 2015. Environmental provisions Jotun A/S has recorded provisions for environmental liabilities at some currently owned sites. Pre-studies and analysis of relevant areas have been undertaken to reliably estimate the provisions that have been recognised. The clean-up activities started in 2013 and will continue until 2018. These provisions are estimates of amounts payable or expected to become payable.
Jotun Annual Report 2014
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