Fiven Annual Report 2020

Note 24 Provisions PROVISIONS Amounts in EUR thousand Re-structuring Site renovation Environmental obligations Other accruals/ provisions Total provisions Opening balance - 255 978 - 1,233 Additional provisions recognised - - 5 96 101 Used during the year - - - - - Provisions reversed - - - - - Exchange rate differences - -74 -171 - -245 Closing balance - 181 812 96 1,089 Non-current liability 181 812 96 1,089 Current liability - - - Closing balance - 181 812 96 1,089 The provisions for environmental obligations refers to estimated cost incurred to comply with government regulations requiring a reduction of emissions and other environmental impacts from the production facilities in Norway 466 TEUR and in Brazil 346 TEUR in 2020 (490 TEUR in Norway and 488 TEUR in Brazil in 2019). The site renovation provision 180 TEUR in 2020 (255 TEUR in 2019) refers to estimated future expenses to recover the land impacted by the sand mine in Brazil. OTHER PAYABLES Amounts in EUR thousand 31.12.2020 31.12.2019 Other accounts payable 615 636 Accrued personnel and social expenses 2,916 3,783 Tax payable (other than income tax) 101 200 Accrued interest payable 2,893 1,119 Total other payables 6,528 5,739 66   Kapittelnavn Fiven Annual Report 2020