9 – Provisions
These include:
Amounts in €1,000 | 2020 | 2019 |
Guarantee commitments | 4,557 | 2,617 |
Provision for long-service payments | 1,431 | 1,368 |
5,988 | 3,985 |
The provisions are primarily long-term in nature.
The movements in the provision for guarantee commitments were as follows:
Amounts in €1,000 | 2020 | 2019 |
Balance as at 1 January | 2,617 | 3,590 |
Allocation | 3,735 | 888 |
Withdrawal | -1,795 | -1,861 |
Balance as at 31 December | 4,557 | 2,617 |
The movements in the provision for long-service payments were as follows:
Amounts in €1,000 | 2020 | 2019 |
Balance as at 1 January | 1,368 | 1,296 |
Movements | 63 | 72 |
Balance as at 31 December | 1,431 | 1,368 |
The expenditure for the year is included in the item ‘Other operating costs’ in the profit and loss account.