- 13. Cash and cash equivalents
- 14. Trade accounts receivable
- 15. Inventories
- 16. Other current and non-current assets
- 17. Property, plant and equipment
- 18. Goodwill and other intangible assets
- 19. Other accrued expenses
- 20. Other liabilities
- 21. Debt and capital lease obligations
- 22. Senior Notes
- 23. Mandatory Exchangeable Bonds
- 24. Trust preferred securities
- 25. Pensions and similar obligations
- 26. Noncontrolling interest
- 27. Fresenius SE shareholders’ equity
- 28. Other comprehensive income (loss)
19. Other accrued expenses
As of December 31, other accrued expenses consisted of the following:
| 2009 | 2008 | |||
|---|---|---|---|---|
| in million € | thereof short-term |
thereof short-term |
||
| Personnel expenses | 379 | 331 | 365 | 320 |
| Invoices outstanding | 147 | 147 | 137 | 137 |
| Self-insurance programs | 119 | 119 | 93 | 93 |
| Special charge for legal matters | 80 | 80 | 83 | 83 |
| Bonuses and discounts | 78 | 78 | 76 | 76 |
| Legal matters, advisory and audit fees | 42 | 42 | 40 | 40 |
| Warranties and complaints | 28 | 24 | 27 | 23 |
| Commissions | 18 | 18 | 17 | 17 |
| Physician compensation | 5 | 5 | 9 | 9 |
| All other accrued expenses | 316 | 278 | 318 | 288 |
| Other accrued expenses | 1,212 | 1,122 | 1,165 | 1,086 |
The following table shows the development of other accrued expenses in the fiscal year:
| in million € | As of January 1, 2009 |
Foreign currency translation |
Changes in entities consolidated |
Additions | Reclassifi- cations |
Utilized | Reversed | As of December 31, 2009 |
|---|---|---|---|---|---|---|---|---|
| Personnel expenses | 365 | - 3 | 4 | 194 | - 4 | - 150 | - 27 | 379 |
| Invoices outstanding | 137 | 1 | – | 115 | 2 | - 94 | - 14 | 147 |
| Self-insurance programs | 93 | - 4 | 0 | 33 | – | - 2 | - 1 | 119 |
| Special charge for legal matters | 83 | - 3 | 0 | 0 | 0 | 0 | 0 | 80 |
| Bonuses and discounts | 76 | - 1 | 0 | 83 | 1 | - 78 | - 3 | 78 |
| Legal matters, advisory and audit fees | 40 | – | 1 | 32 | – | - 29 | - 2 | 42 |
| Warranties and complaints | 27 | – | – | 16 | - 1 | - 11 | - 3 | 28 |
| Commissions | 17 | – | 0 | 18 | – | - 16 | - 1 | 18 |
| Physician compensation | 9 | - 1 | 0 | - 3 | 0 | 0 | 0 | 5 |
| All other accrued expenses | 318 | 3 | 5 | 275 | - 1 | - 255 | - 29 | 316 |
| Total | 1,165 | - 8 | 10 | 763 | - 3 | - 635 | - 80 | 1,212 |
Accruals for personnel expenses mainly refer to bonus, severance payments, contribution of partial retirement and holiday entitlements.
In 2001, Fresenius Medical Care recorded a US$ 258 million
special charge to address legal matters relating to transactions
pursuant to the Agreement and Plan of Reorganization
dated as of February 4, 1996 by and between W.R. Grace & Co.
and Fresenius AG, estimated liabilities and legal expenses
arising in connection with the W.R. Grace & Co. Chapter 11 proceedings
(Grace Chapter 11 Proceedings) and the cost of
resolving pending litigation and other disputes with certain
commercial insurers. During the second quarter of 2003, the
court supervising the Grace Chapter 11 Proceedings approved
a definitive settlement agreement entered into among Fresenius
Medical Care, the committee representing the asbestos creditors
and W.R. Grace & Co. Under the settlement agreement,
Fresenius Medical Care will pay US$ 115 million
(€ 80 million),
without interest, upon plan confirmation (see note 29, Commitments and contingent liabilities).
With the exception of the
proposed US$ 115 million settlement payment, all other matters
included in the special charge have been resolved.
20. Other liabilities