50. Provisions
Provisions can be broken down as follows:
| In millions of euros | 31 Dec. 2024 | 31 Dec. 2023 |
|---|---|---|
| Provision for deferred tax liabilities | 46.1 | 62.3 |
| Provision for long-service awards | 10.1 | 8.9 |
| Provision for post-employment fringe benefits for non-active and retired employees | 0.2 | 0.2 |
| Provision for restructuring | - | 0.2 |
| Total provisions | 56.4 | 71.6 |
For more information on the provisions see notes 11 ‘Deferred tax assets’, 22 Employee benefits’ and 23 Other provisions’ of the consolidated financial statements.
Movements in the provision for deferred tax liabilities were as follows:
| In millions of euros | 2024 | 2023 |
|---|---|---|
| Balance as at 1 January | 62.3 | 77.4 |
| Recognition of temporary differences in profit and loss | -16.2 | -11.7 |
| Recognition of temporary differences in equity | - | -3.4 |
| Balance as at 31 December | 46.1 | 62.3 |