Adidas 2000 Annual Report Download - page 91

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adidas-Salomon ANNUAL REPORT 2000
87
Notes to Consolidated Financial Statements
25. Earnings Per Share
Basic earnings per share are computed as follows:
2000 1999
Net income (in euros) 181,683,000 227,722,000
Weighted number of ordinary
shares outstanding 45,349,200 45,349,200
Earnings per share (in euros) 4.01 5.02
Potential dilutive shares may arise under the stock option plan
of adidas-Salomon AG, which was implemented in 1999. The
calculation of diluted earnings per share is not applicable as
at December 31, 2000 and 1999, respectively as none of the
required performance criteria for the exercise of the stock options
are fulfilled at the balance sheet date (see also note 29).
26. Segmental Information
The Company operates predominately in one industry segment,
the design, wholesale and marketing of athletic and lifestyle
products. The Company is currently managed by brands and
on the basis of a regional structure.
Certain functions of the Company are centralized and an alloca-
tion to specific segments is not considered to be meaningful.
Assets, liabilities, income and expenses relating to these cor-
porate functions are presented in the Headquarter/Consolidation
column together with non-allocable items and the inter-segment
elimination.