REGISTRATION DOCUMENT - Bourbon

4NotesCONSOLIDATED FINANCIAL STATEMENTSto the consolidated financial statements3.14 EMPLOYEE BENEFIT OBLIGATIONS AND OTHER PROVISIONSProvisions can be analyzed as follows:EmployeebenefitobligationsOtherprovisions forrisksProvisionsfor otherobligationsTaxGuarantee(in € millions)audits Litigation of liabilitiesTotal12.31.2009 7.1 0.3 2.2 0.8 17.1 0.0 27.5Provisions for the year 1.9 1.3 - - 5.5 - 8.7Used during the year (0.4) - - - (3.5) - (3.9)Unused amount reversed - (0.1) (0.4) - (3.8) - (4.3)Change in consolidation scope (0.6) - - - (2.6) - (3.2)Currency translation adjustment 0.1 (0.0) 0.1 - 1.0 1.2Reclassifi cation and other changes (0.6) - (0.9) - (0.7) (0.0) (2.2)12.31.2010 7.6 1.5 0.9 0.8 13.0 0.0 23.8Provisions for the year 1.3 - - - 10.5 - 11.9Used during the year (0.3) - - - (1.8) - (2.1)Unused amount reversed - - - - (0.5) - (0.5)Change in consolidation scope - - - - - - -Currency translation adjustment 0.0 - - - (0.8) - (0.8)Reclassifi cation and other changes (0.9) - - - 0.3 - (0.5)12.31.2011 7.7 1.5 0.9 0.8 20.7 0.0 31.6This item refl ects the provisions with maturity greater than one year. The short-term portion of the provisions is stated on the line “Provisions– portion < one year”.The impact of additional provisions and reversals of provisions for the year is booked as operating income.Employee benefit obligationsEmployee benefi t obligations include the long-term portion of the provision for retirement benefi t obligations and the provision for seniorityawards.Retirement benefit obligationsThe table below shows the main assumptions used in valuing retirement benefi t commitments:2011 2010 2009 2008 2007Discount rate: 4.50% 4.50% 5.25% 5.75% 4.00%Infl ation rate:Salary increase:Turnover:2% in most cases, except for certain countries where a different rate was usedto take into account local economic conditions.inclusion of an average salary increase rate based on the salary policy within thevarious companies concerned.turnover rate determined for each entity.90BOURBON - 2011 Registration Document