22 Provisions

The non-current provisions movement are made up as follows:

 

2017

2016

As at 1 January

18

42

Decrease

-

(9)

Investments

-

(15)

Transfer Non-Current to Current

(18)

-

As at 31 December

-

18

The current provisions movements are made up as follows:

 

2017

2016

As at 1 January

14

7

Additions

19

8

Decrease

(4)

-

Used

(4)

(1)

Released

(1)

-

Transfer to IPUC

(26)

-

Transfer to Financial Assets

11

-

Transfer Provisons from non current to current

18

-

As at 31 December

27

14

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

Transfer to financial assets in 2017 of €11 million related to participation in Leidsche Rijn Centrumplan B.V. Leidsche Rijn Centrumplan B.V. is the development vehicle in which ASR and Vesteda Project Development B.V. together develop the LRC plan in Utrecht. Vesteda Project Development B.V. holds 22% in this entity.

In total 561 housing units are involved.

The current provisions are made up as follows:

 

2017

Contingencies and commitments

25

Reorganisation

1

Other

1

As at 31 December

27