Annual Report 2023

20. Provisions

2023

 

Opening
balance

 

Set up and
reinforced

 

Used and
reversed

 

Closing
balance

Other risks and contingencies

 

7,102

 

138

 

(2,163)

 

5,077

Total provisions

 

7,102

 

138

 

(2,163)

 

5,077

2022

 

Opening
balance

 

Set up and
reinforced

 

Used and
reversed

 

Closing
balance

Other risks and contingencies

 

6,627

 

475

 

 

7,102

Total provisions

 

6,627

 

475

 

 

7,102

The heading other risks and contingencies consists of provisions for possible compensation to be paid by JMH regarding guarantees provided in business sales agreements entered into over the last few years and provisions for litigation processes where there are no prospects for resolution in less than one year.

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