15 Provisions for risks and charges
Provisions for risks and charges, which amount to €669 million (€707 million at 31 December 2016) are analysed in the table below:
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30.06.2017 |
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Utilization |
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|
(€ millions) |
Opening balance |
Provisions |
Increases due to passing of time |
against charges |
for excess |
Changes in estimates |
Final balance |
Provision for site dismantling and restoration |
628 |
|
5 |
(3) |
|
(41) |
589 |
Provision for environmental risks and charges |
2 |
|
|
|
|
|
2 |
Provision for litigation |
14 |
|
|
|
|
|
14 |
Other provisions for risks and charges |
63 |
3 |
|
(2) |
|
|
64 |
|
707 |
3 |
5 |
(5) |
|
(41) |
669 |
The reduction in the provision for risks and charges (-€38 million) essentially involves the provision for site dismantling and restoration in the storage segment (-€26 million) and the transportation segment (-€13 million) as a result of the reduction in anticipated discount rates.