The recognition of provisions forrestructuring can only be recognized when

Provisions are not recognized for thisconcept since they do not meet thedefinition of a liability or the criteria forrecognizing provisions.

Contingent liability

Contingent asset

The entity has a legal or implicit obligationas a result of a past event

Resources are likely to be released to settlethe obligation

A reliable estimate of the timing of theobligation can be made

Provision: liability in which there isuncertainty about its amount or maturity

Contingent liability: Possible obligationarising from past events

Contingent asset: possible asset as a resultof past events whose existence must beconfirmed only by the occurrence or not offuture events.