F.11. Other provisions
| In CZK million, as at 31 December | 2015 | 2014 |
|---|---|---|
| Restructuring provision | 33 | 27 |
| Provisions for commitments | 578 | 718 |
| Total | 611 | 745 |
| Current portion | 55 | 60 |
| Non-current portion | 556 | 685 |
| In CZK million, for the year ended 31 December | 2015 | 2014 |
|---|---|---|
| Carrying amount as at 1 January | 745 | 941 |
| Provisions created during the year | 58 | 58 |
| Provisions used during the year | (50) | (52) |
| Provisions released during the year | (109) | (202) |
| Other changes | (33) | – |
| Carrying amount as at 31 December | 611 | 745 |
The other changes incorporate a transfer of an insurance portfolio of CZK 33 million in sale of the Polish operations of the Company (see Note F.6).
Provisions for commitments consist of provisions for the MTPL deficit of CZK 556 million (2014: CZK 664 million) and other provisions.
Provision for MTPL deficit
On 31 December 1999, statutory MTPL insurance was replaced by contractual MTPL insurance in the Czech Republic. All rights and obligations arising from statutory MTPL insurance prior to 31 December 1999, including the deficit of received premiums to cover the liabilities and costs, were transferred to the Czech Insurers’ Bureau („the Bureau“).
On 12 October 1999, the Company obtained a license to write contractual MTPL insurance in the Czech Republic and, as a result, the Company became a member of the Bureau (see also F.31.2.4).
Each member of the Bureau guarantees the appropriate portion of the Bureau’s liabilities based on the member’s market share for this class of insurance.
Based on information publicly available and information provided to members of the Bureau, the Company created a provision adequate to cover the cost of claims likely to be incurred in relation to the liabilities ceded. However, the final and exact amount of the incurred cost of claims will only be known in several years.