22. Provisions

 

2018

2017

As at 1 January

-

18

Decrease

-

-

Investments

-

-

Transfer Non-Current to Current

-

(18)

As at 31 December

-

-

The current provisions movements can be specified as follows:

 

2018

2017

As at 1 January

27

14

Additions

7

19

Decrease

(1)

(4)

Used

(9)

(4)

Released

-

(1)

Transfer to IPUC

(20)

(26)

Transfer to Financial Assets

-

11

Transfer Provisons from non current to current

-

18

As at 31 December

4

27

In circumstances in which provisions for onerous contracts arise at the same time that financial assets are presented at the balance sheet date for the related contract, these balances are netted at said balance sheet date. In the event of a positive balance, the net position is presented as a financial asset. In the event of a negative balance, the net position is presented as a provision.

The transfer to IPUC of €20 million in 2018 was related to the start of contruction projects from the Heijmans portfolio, which was purchased at the end of 2017.

The current provisions can be specified as follows:

 

2018

2017

Contingencies and commitments

3

25

Reorganisation

-

1

Other

1

1

As at 31 December

4

27