Adidas 2002 Annual Report Download - page 153

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151
RETURN ON EQUITY /// An indicator of company profitability related to the shareholders’ financ-
ing. It is calculated by dividing net income by shareholders’ equity.
SEGMENTAL Information regarding the financial position and results of operations
REPORTING /// in individual brands and regions (segments). This gives an indication of
developments in the individual segments and their contribution to a
group’s results.
SG&A (SELLING, Expenses for sales, marketing and research and development, as well
GENERAL AND as for logistics and central finance and administration.
ADMINISTRATIVE
EXPENSES) ///
SHAREHOLDER VALUE ///
A management concept that focuses strategic and operational decision
-
making on steadily increasing the company’s value for shareholders.
SOURCING /// The process of managing external suppliers in order to commercialize,
produce and deliver final products to our customers.
STAKEHOLDERS /// All parties that have a direct or indirect interest in a company’s per-
formance and results. For adidas-Salomon, this includes consumers,
retailers, distributors, licensees, supply chain business partners,
shareholders, employees, international sports bodies, non-govern-
mental organizations, the media, etc.
SUPPLY CHAIN The process of developing, producing and transporting products to
MANAGEMENT /// customers.
THERMO-MOLDABLE
A ski boot liner that can be heated and then molded to fit an individual’s
LINER /// foot, providing optimal comfort.
TWC – TUNABLE Technology developed to precisely tune the weight and balance of a
WEIGHT CARTRIGE /// metalwood’s clubhead with the shaft.
WORKING CAPITAL /// Working capital is a company’s short-term disposable capital used to
finance the day-to-day operations of providing sports footwear, apparel
and hardware to customers. It is calculated as current assets minus
current liabilities. See also Operating Working Capital
WORKING CAPITAL An indicator expressing how efficiently a company uses its working
TURNOVER /// capital. Working capital turnover is defined as net sales divided by
working capital.