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Notes to the Group’s Financial Statements

30 Provisions
P&C insurance
EURm 2014
At 1 Jan. 2014 58
Exchange rate differences -3
Additions 21
Amounts used during the period -11
Unused amounts reversed during the period -2
At 31 Dec. 2014 63
Current (less than 1 year) 27
Non-current (more than 1 year) 36
Total 63
EURm 22 of the provision consist of assets reserved for the development of efficient administrative and claims-adjustment processes and structural changes in distribution channels result in organisational changes that affect all business areas. In addition, the item includes a provision of about EURm 37 for law suits and other uncertain liabilities.
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