Movements in provisions in 2024/2025:
|
EUR 000 |
SROI obligations |
Onerous contracts |
Claims and legal proceedings |
Total |
|
Balance as at October 1 |
– |
35 |
3,750 |
3,785 |
|
Utilized |
– |
-35 |
– |
-35 |
|
Released |
– |
– |
-680 |
-680 |
|
Addition |
480 |
19 |
2,550 |
3,049 |
|
Balance as at September 30 |
480 |
19 |
5,620 |
6,119 |
Certain contracts for services to the government include ESG requirements, under which, Social Return on Investment (SROI) such as spending an agreed percentage of realized contract revenues on providing internships, jobs, training, specific support to people with a distance to the labor market and engaging in societal partnerships. A provision was setup for probable future SROI costs relating to already realized contract revenues.
The provision for onerous contracts relates to contracts with clients where the expected costs to complete the engagement exceed the expected benefits.
The provision for claims and legal proceedings relates to various claims and proceedings against the Group on the grounds of alleged failure to perform professional duties and other legal matters. The Group carries professional indemnity insurance.
In addition, the Group faces other claims and/or legal proceedings. No separate disclosure is made of the details of claims and/or legal proceedings as doing so could prejudice seriously the position of the Group.
In situations where the Group estimates that it is probable that an outflow of economic benefits will be required, a provision is recognized.
The periods during which the provisions are expected to be utilized are as follows:
|
September 30, 2025 |
September 30, 2024 |
|||||
|
< 1 year |
> 1 year |
Total |
< 1 year |
> 1 year |
Total |
|
|
SROI obligations |
480 |
– |
480 |
– |
– |
– |
|
Onerous contracts |
19 |
– |
19 |
35 |
– |
35 |
|
Claims and legal proceedings |
5,620 |
– |
5,620 |
3,350 |
400 |
3,750 |
|
6,119 |
– |
6,119 |
3,385 |
400 |
3,785 |
|