Adidas 1997 Annual Report Download - page 34

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32
At December 31,
1997 1996
ASSETS (Note)
Cash and cash equivalents (18) 63,574 83,976
Inventories (4) 1,606,101 1,088,048
Receivables and other current assets (5) 1,157,704 817,807
Total current assets 2,827,379 1,989,831
Property and equipment, net (6) 274,585 241,091
Goodwill and other intangible assets (7) 234,810 194,169
Investments and other long-term assets (8) 957,486 30,456
Total assets (17) 4,294,260 2,455,547
LIABILITIES AND SHAREHOLDERS’ EQUITY
Short-term borrowings and current portion of long-term liabilities (9) 1,524,825 465,940
Accounts payable 685,307 529,340
Other current liabilities (10) 596,295 439,120
Total current liabilities 2,806,427 1,434,400
Long-term bank borrowings 0 4,941
Deferred taxes 8,880 3,376
Other long-term liabilities (13) 85,814 62,818
Minority interests 41,286 45,684
Shareholders’ equity (11) 1,351,853 904,328
Total liabilities and shareholders’ equity 4,294,260 2,455,547
See accompanying notes to the consolidated financial statements
adidas-Salomon AG and Subsidiaries
Consolidated Balance Sheets
(in thousands of DM)