in € thousand | As at 1 Jan 2010 |
Addition to basis of consolidation |
Utilisation | Reversal | Addition | As at 31 Dec 2010 |
---|---|---|---|---|---|---|
Maintenance and construction services already performed but not yet invoiced |
1,293 | 0 | 1,096 | 154 | 3,781 | 3,824 |
Fees | 16,497 | 0 | 16,497 | 0 | 413 | 413 |
Other | 1,898 | 608 | 2,191 | 196 | 2,973 | 3,091 |
19,688 | 608 | 19,785 | 349 | 7,167 | 7,329 |
Other provisions includes a present value of €116 thousand for a long-term incentive plan which was contractually agreed between the Executive Board and employees of Deutsche EuroShop AG with effect from 1 July 2010. The term is five years and it is based on the performance of the Company’s market capitalisation within this period. Please also refer to the details in the remuneration report, which is part of the management report.
All other provisions have a term of up to one year.