66 JOTUN A/S 16 OTHER CURRENT LIABILITIES (NOK THOUSAND) 31.12.2015 31.12.2014 OTHER CURRENT LIABILITIES Liabilities to subsidiaries, joint ventures and associated companies 618 744 537 739 Public charges and holiday pay 129 221 123 274 Other accrued expenses 211 292 136 779 Total 959 256 797 791 Other accrued expenses are related to bonuses to employees, royalty, interests and other accrued expenses. 17 PROVISIONS PROVISIONS 2015 (NOK THOUSAND) CLAIMS RESTRUCTURING ENVIRONMENTAL TOTAL Balance at 1 January 9 585 6 923 40 805 57 313 Provisions arising during the year 2 009 – – 2 009 Utilised –2 019 –6 776 –5 826 –14 621 Unused amounts reversed –1 636 – – –1 636 Total provisions at 31 December 7 939 147 34 979 43 065 Current – 147 10 379 10 526 Non–current 7 939 – 24 600 32 539 Total 7 939 147 34 979 43 065 PROVISIONS 2014 (NOK THOUSAND) CLAIMS RESTRUCTURING ENVIRONMENTAL TOTAL Balance at 1 January 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 Total provisions at 31 December 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 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 Remaining provisions for restructuring are related to demolish of the old factory at Gimle in Norway. Most of the costs have already incurred. According to the plans the remaining costs will incur in the beginning of 2016. 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 2015
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