Restructuring costs $ million |
Environmental remediation $ million |
Workers' compensation $ million |
Warranty provisions $ million |
Product liability provisions $ million |
Insurance provisions $ million |
Total $ million |
|
---|---|---|---|---|---|---|---|
As at 29 December 2007 | 10.0 | 9.1 | 28.9 | 15.2 | 7.5 | 8.2 | 78.9 |
Charge/(credit) for the period | 15.6 | 2.6 | 13.6 | 4.8 | 8.3 | (2.2) | 42.7 |
Utilised during the period | (9.5) | (4.1) | (16.5) | (8.0) | (8.3) | – | (46.4) |
Acquisition of subsidiaries | – | – | – | 0.3 | – | – | 0.3 |
Disposal of subsidiaries | – | – | (0.4) | – | (0.1) | – | (0.5) |
Foreign currency translation | (0.2) | (0.2) | (0.1) | (0.8) | – | (1.7) | (3.0) |
As at 3 January 2009 | 15.9 | 7.4 | 25.5 | 11.5 | 7.4 | 4.3 | 72.0 |
Charge for the period | 117.8 | 4.4 | 8.9 | 5.3 | 15.6 | – | 152.0 |
Utilised during the period | (58.4) | (5.6) | (11.1) | (4.7) | (11.7) | – | (91.5) |
Released during the period | (8.1) | (0.1) | (1.4) | (1.1) | (1.4) | (4.1) | (16.2) |
Foreign currency translation | 1.7 | 0.4 | 0.1 | 0.3 | 0.1 | 0.6 | 3.2 |
As at 2 January 2010 | 68.9 | 6.5 | 22.0 | 11.3 | 10.0 | 0.8 | 119.5 |
Provisions are presented in the Group's balance sheet as follows:
As at 2 January 2010 $ million |
As at 3 January 2009 $ million |
|
---|---|---|
Ongoing businesses: | ||
– Current liabilities | 100.3 | 48.8 |
– Non-current liabilities | 19.2 | 23.2 |
119.5 | 72.0 |
Provisions for restructuring costs principally relate to the restructuring initiatives under projects Eagle and Cheetah and are expected largely to be utilised during 2010.