Adidas 2000 Annual Report Download - page 80
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76
13. Accrued Liabilities and Provisions
Accrued liabilities and provisions consist of the following:
(euros in millions) Dec. 31 Currency Dec. 31
1999 effect Usage Release Additions 2000
Goods and services not yet invoiced 90 5 76 19 86 86
Marketing 68 3 38 11 58 80
Payroll, commissions and employee benefits 54 2 34 5 45 62
Returns, allowances, warranty 45 2 27 11 31 40
Restructuring 42 - 15 3 18 42
Taxes, other than income taxes 4 - 2 2 8 8
Other 90 - 17 32 31 72
Accrued liabilities and provisions 393 12 209 83 277 390
Provisions for marketing mainly consist of provisions for distri-
bution, such as discounts, rebates and sales commissions,
and promotion.
Restructuring provisions relate to restructuring plans in connec-
tion with the acquisition of the Salomon group, which focus on
the integration of the Salomon group into the adidas structure.
The plans include further integration activities and will be com-
pleted by the end of the year 2001. In addition, provisions for
the reorganization of warehouse capacities in France, Switzer-
land, Benelux and Portugal were set up in 2000.
Other accrued liabilities and provisions mainly include items not
otherwise allocated and also anticipated losses from purchase
and other transactions and contingent losses from pending
lawsuits.