26. Provisions
2022 | 2021 | |||||||
---|---|---|---|---|---|---|---|---|
in thousand EUR | Legal claims | Others | Total | Total | ||||
Current provisions | 7 | 124 | 131 | 9 | ||||
Non-current provisions | 327 | 432 | 759 | 662 | ||||
Total provisions | 334 | 556 | 890 | 671 | ||||
At 1 January | 288 | 383 | 671 | 642 | ||||
Additions | 62 | 169 | 231 | 98 | ||||
Unused amounts reversed | –17 | –5 | –22 | –74 | ||||
Used during the year | –28 | –35 | –63 | – | ||||
Currency effects | 29 | 44 | 73 | 5 | ||||
At 31 December | 334 | 556 | 890 | 671 |
Legal claims
The amount of EUR 0.3 million represents a provision for certain legal claims brought against the Group by different stakeholders. In the directors’ opinion, after taking appropriate legal advice, the outcome of these legal claims will not give rise to any significant losses beyond the amounts provided for as on 31 December 2022 (2021: EUR 0.3 million).
Others
The total amount of EUR 0.6 million for other current and non-current provisions includes amounts for tax fees of EUR 0.1 million (2021: EUR 0.2 million) and for other provisions of EUR 0.3 million (2021: EUR 0.2 million). In December 2022, a restructuring provision was recognized in the amount of EUR 0.1 million for the restructuring measures of Precious Woods Compagnie Equatoriale des Bois S.A. in Gabon.
Accounting policies
Provisions are recognized when the Group has a present obligation as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. When the Group expects some or all of a provision to be reimbursed, for example under an insurance contract, the reimbursement is recognized as a separate asset, but only when the reimbursement is virtually certain. The expense relating to a provision is presented in profit or loss net of any reimbursement.