| Execution & Scope: | This task is done in a monthly, quarterly and yearly basis. The task is performed in both WP1 and PF1 systems, according to the company. Some companies under this procedure are covered by TSA defined upon PO2 separation on Dec '23: 6080 (Solvay France); 6422 (Specialty Operations France) |
| Objective: | This is a process concerning workers who suffer from occupational disease and it is analyzed whether there is place to a compensation when their ability to work is permanently reduced due to that disease. Their occupational illness may result from the employer's inexcusable fault. Inexcusable misconduct is recognised when it is proven that the employer knew (or should have known) of the danger to which workers were exposed and failed to the take necessary measures to protect employees. The purpose of this procedure is to have MP-FI provisions booked in SAP, following the analysis prepared by Philippe Gagnaire. |
| Responsible: | Accounting Platform France Team |
Consists in analysing events after the balance sheet (before the publication of statutory financial statements). For statutory yearly audit purposes: "A - adjustments to provisions relating to judgements made before the presentation of the statutory financial statements".
Analysis required once a year, in December, to update the accounting notes on contingent liabilities.
To obtain the amount of contingent liabilities, it is necessary to take into account the risks for which no provision has been booked in the accounts.
To do this, use the following filters:
As below shown, it can happen that no provisions for risks have been recorded (FI column) and that only lawyers' fees have been booked (15% fees column).
The information is saved on the drive: