47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 179
Strategic Report
23. Provisions
Group
Business change
projects
£m
Corporate Governance
Accounts
Business Customer related
provisions
reorganisation
£m
£m
Repairs/
Dilapidations
£m
Total
£m
Opening provision at 29 January 2023
Provision utilised during the year
–
–
0.3
(0.3)
0.1
–
0.4
–
0.8
(0.3)
Closing provision at 28 January 2024
Provision created during the year
Provision utilised during the year
–
0.7
(0.6)
–
0.9
(0.4)
0.1
–
–
0.4
0.2
(0.2)
0.5
1.8
(1.2)
Closing provision at 25 January 2025
0.1
0.5
0.1
0.4
1.1
Business Customer related
reorganisation
provisions
£m
£m
Repairs/
Dilapidations
£m
Total
£m
Company
Business change
projects
£m
Opening provision at 29 January 2023
Provision utilised during the year
–
–
0.3
(0.3)
0.1
–
0.2
–
0.6
(0.3)
Closing provision at 28 January 2024
Provision created during the year
Provision acquired on hive up
Provision utilised during the year
–
0.1
0.5
(0.5)
–
0.7
–
(0.5)
0.1
–
–
–
0.2
0.2
–
(0.2)
0.3
1.0
0.5
(1.2)
Closing provision at 25 January 2025
0.1
0.2
0.1
0.2
0.6
The business change projects relates to the costs associated with two projects. Firstly, the closure of the Barr Direct operations and associated move to a larger field sales team
to support our sales to the convenience channel. And secondly, the integration of the Boost business into Barr Soft Drinks which supports elimination of duplicated activities
and provides access to the wider Barr Soft Drinks sales channels.
The business reorganisation provision relates to costs associated with a number of smaller business reorganisations not related to the business change projects.
The customer related provision relates to costs for vendor and chiller disposal and the repairs and dilapidations provision relates to costs provided to make good leased
properties on exit.
The majority of these provisions are expected to be utilised within 12 months.
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