Restructuring

Provisions for restructuring includes costs related to certain compensation to staff and costs which are directly associated with plans to execute specific activities and closing down of facilities. For all restructurings a detailed plan exists and the implementation of the plan has started or the plan has been announced before the balance sheet date.

The 2009 additions charged of EUR 11.8 million mainly relate to the animal nutrition activities in Canada and the acquired business activities in Spain. An amount of EUR 9.8 million is recognised as personnel costs and the remaining part of EUR 2.0 million is recognised as other operating expenses in the income statement.

In 2008 mainly as a consequence of the restructuring of compound feed activities in South and West Europe and premix and specialty feed activities in Italy an amount of EUR 6.3 million was recognised as other operational expenses in the income statement.

Claims

A number of claims are pending against the Group. These claims were issued by suppliers, customers, former employees and consumers. Part of these claims was provided for in previous years.

While the outcome of these disputes cannot be predicted with certainty, management believes that, based upon legal advice and information received, the final decision will not materially affect the consolidated position of Nutreco. To the extent management has been able to estimate the expected outcome of these claims, a provision has been recorded as at 31 December 2009.

The major part of the provision for claims as at 31 December 2009 consists of exposures from several customers of Nutreco which relate to discussions about past supplies.

Most claims are expected to be completed within two years from the balance sheet date.

Guarantees

The provision for guarantees as at 31 December 2009 relates to bank guarantees issued by Nutreco for loans made by third parties to Group customers.

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