26 | Provisions
| in TUSD | 2021 | 2020 |
|---|---|---|
| Balance as at 1 January | 185,768 | 217,256 |
| Provisions made during the year | 4,001 | 16 |
| Provisions released during the year | -8,325 | -781 |
| Provisions used during the year | -546 | -319 |
| Reclassifications from accrued expenses | 0 | 4,119 |
| Exchange differences | -8,213 | -34,523 |
| Balance as at 31 December | 172,685 | 185,768 |
The provisions cover primarily various legal matters with respect to disputes concerning FIFA’s core business. No detailed information can be provided at this point since legal disputes and their corresponding timing of settlement are sensitive matters. The mere fact that a provision for certain matters has been set up might be misinterpreted and thus prejudice FIFA’s position in such proceedings. In accordance with acknowledged rules, provisions are recognised if and when an obligation has arisen from a past event, it is probable that FIFA will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.
