v3.24.4
Provisions
12 Months Ended
Sep. 30, 2024
Provisions Other than Provisions for Employee Benefits [Abstract]  
Provisions
20.
PROVISIONS

 

The development of the provisions are as follows:

 

 

 

Personnel obligations

 

Legal

 

Other

 

Total

Balance at October 1, 2022

 

12,875

 

15,187

 

10,750

 

38,812

Additions

 

6,229

 

682

 

10,969

 

17,880

Utilization

 

(1,553)

 

(3,858)

 

(7,237)

 

(12,648)

Reversals

 

(105)

 

(1,875)

 

(86)

 

(2,066)

Impact of foreign currency translation

 

(271)

 

—

 

(422)

 

(693)

Balance at September 30, 2023

 

17,175

 

10,136

 

13,974

 

41,285

thereof current

 

14,459

 

10,136

 

11,900

 

36,495

thereof non-current

 

2,716

 

—

 

2,074

 

4,790

Additions

 

22,830

 

—

 

1,629

 

24,459

Utilization

 

(12,243)

 

—

 

(11,428)

 

(23,671)

Reversals

 

(1,642)

 

(2,520)

 

(293)

 

(4,455)

Transfer to accruals

 

—

 

(1,145)

 

—

 

(1,145)

Impact of foreign currency translation

 

(277)

 

—

 

(165)

 

(442)

Balance at September 30, 2024

 

25,843

 

6,471

 

3,717

 

36,031

thereof current

 

22,908

 

6,471

 

1,785

 

31,164

thereof non-current

 

2,935

 

—

 

1,932

 

4,867

 

Provision for Personnel Obligations

The provision for personnel obligations relates to expected employee benefit obligations. These employee benefit obligations include but are not limited to leave, and annual bonuses. Management recognizes provisions for personnel obligations for recognizable risks and uncertain liabilities and measures these provisions at the settlement amount required in accordance with reasonable commercial judgment.

 

Provision for Legal

The provision for legal is the estimated contingencies related to litigation with the Company’s counterparties. Management recognizes provisions for legal for recognizable risks and uncertain liabilities and measures these provisions at the settlement amount required in accordance with reasonable commercial judgment (see Note 29 – Commitments and contingencies).

Provision for Other

The provision for other primarily relates to the expected sales returns of damaged goods sold to be repaired. Warranties are subject to the local regulations of the respective sale jurisdiction. In accordance with German law, for example, there is a two-year limited legal warranty for sales made to end-customers. Legal warranties for sales made to business customers vary and are subject to terms per contractual agreement. Management recognizes provisions for warranties for recognizable risks and uncertain liabilities and measures these provisions at the settlement amount required in accordance with reasonable commercial judgment.

Additionally, provision for other includes asset retirement obligations from right-of-use assets and onerous contracts.