Restructuring Provisions consist in taking a heavy upfront charge against Earnings in a given year to cover a restructuring programme (site closures, redundancies, etc.). The Future costs of this restructuring program are eliminated through the gradual write-back of the Provision, thereby smoothing Future Earnings performance. Restructuring Provisions are also called Restructuring charges.

(See Chapter 7 How to cope with the most complex points in financial accounts of the Vernimmen)

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