Note 24 Provisions Amounts in EUR thousand Site renovation Environmental obligations Other accruals / provisions Total provisions 2021 Total provisions 2020 Opening balance 181 812 96 1 089 1 233 Additional provisions recognised 18 - 88 106 101 Used during the year - - - - Provisions reversed - (634) - (634) - Exchange rate differences 2 22 1 25 (245) Closing balance 201 200 185 586 1 089 Non-current liability 201 200 97 498 1 089 Current liability - - 88 88 - Closing balance 201 200 185 586 1 089 The site renovation provision 201 kEUR in 2021 (181 kEUR in 2020) refers to estimated future expenses to recover the land impacted by the sand mine in Brazil. The provision 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 200 kEUR and in Brazil 0 kEUR in 2021 (466 kEUR in Norway and 346 kEUR in Brazil in 2020). During 2021, the obligations were reassessed in detail and it was concluded that a portion of the previous provisions were no longer meeting a legal or constructive obligation and not assessed as probable, and therefore were reversed. Contingent liabilities Fiven’s plant in Lillesand, Norway, has environmental obligations linked to its operating license in the way of air emission limits. Whilst occasional instances of non-compliance can occur, actions are taken to meet current good practice standards and regulatory requirements at all sites. Fiven believes we are in substantial compliance with requirements, and are not aware of any environmental issues that we believe could have a significant effect on the utilization of our industrial assets. The Group is not currently subject to liabilities for non-compliance with current health, safety and environmental laws and regulations that would significantly jeopardize its activities, financial situation or operating income. Fiven Annual Report 2021 70 Financial statements
RkJQdWJsaXNoZXIy NTYyMDE=