SodaStream International Ltd. | CIK:0001502916 | 3

  • Filed: 3/22/2018
  • Entity registrant name: SodaStream International Ltd. (CIK: 0001502916)
  • Generator: Merrill
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1502916/000155837018002311/0001558370-18-002311-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1502916/000155837018002311/soda-20171231.xml
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  • ifrs-full:DisclosureOfOtherProvisionsExplanatory

    Note 15 - Provisions

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Legal

     

    Right of

     

     

     

     

     

        

    claims

        

    return

        

    Warranty

        

    Total

     

     

    (in thousands)

    Balance as of January 1, 2017

     

    282

     

    394

     

    1,970

     

    2,646

    Provision made during the period

     

    350

     

    454

     

    178

     

    982

    Provisions used during the period

     

    (170)

     

    (51)

     

    (1,012)

     

    (1,233)

    Changes in respect of foreign exchange differences

     

    20

     

    44

     

    143

     

    207

    Balance as of December 31, 2017

     

    482

     

    841

     

    1,279

     

    2,602

     

    Legal claims

    See Note 24.

    Right of return

    The Group sells certain specific products with an unlimited right of return that entitle customers to a refund. In the opinion of the management of the Company, appropriate provisions have been included in the financial statements to cover the estimated refund obligations. The estimation was based on previous experience and relevant management assumptions.

    Warranties

    The Group provides a limited warranty for products sold to customers.