Adidas 2000 Annual Report Download - page 77

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adidas-Salomon ANNUAL REPORT 2000
73
Notes to Consolidated Financial Statements
8. Property, Plant and Equipment
Property, plant and equipment consist of the following:
(euros in thousands) Dec. 31 Dec. 31
2000 1999
Land, land rights and buildings 218,563 188,169
Technical equipment and machinery 112,277 106,909
Other equipment, furniture
and fittings 250,242 228,064
581,082 523,142
Less: accumulated depreciation 312,211 263,471
268,871 259,671
Advance payments and
construction in progress, net 41,197 24,525
Property, plant and
equipment, net 310,068 284,196
Depreciation expense is c 74 million and c 65 million for the
years
ended December 31, 2000 and 1999 respectively.
9. Goodwill
Goodwill primarily relates to the Company’s acquisitions of the
Salomon group and subsidiaries in the United States, Australia/
New Zealand and the Netherlands/Belgium.
(euros in thousands) Dec. 31 Dec. 31
2000 1999
Goodwill 746,077 740,419
Thereof relating to the acquisition
of the Salomon group 582,561 581,386
Less: accumulated amortization 145,049 104,825
Goodwill, net 601,028 635,594
Goodwill amortization expense is c 40 million and c 39 million for
the years ended December 31, 2000 and 1999, respectively;
thereof c 29 million in each year relate to the acquisition of the
Salomon group.
The change in the goodwill for the Salomon group relates to
subsequent acquisition costs for the acquisition of Salomon
S.A. (see also note 29).
10. Other Intangible Assets
Other intangible assets consist of the following:
(euros in thousands) Dec. 31 Dec. 31
2000 1999
Software, patents, trademarks
and concessions, gross 142,209 108,343
Less: accumulated amortization 64,585 43,877
77,624 64,466
Advance payments, net 9 8,933
Other intangible assets, net 77,633 73,399
Intangible asset amortization expense is c 22 million and
c 15 million for the years ended December 31, 2000 and 1999,
respectively.