Reebok 2006 Annual Report Download - page 167
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› Notes to the Consolidated Balance SheetNotes ›163
18 » Other Current Liabilities
Other current liabilities consist of the following:
Information regarding forward contracts as well as currency and interest rate options is also
included in these Notes (see Note 24).
19 » Pensions and Similar Obligations
The Group has obligations both from defined contribution and defined benefit pension plans.
The benefits are provided pursuant to the legal, fiscal and economic conditions in each respec-
tive country.
Defined Contribution Plans
The total expense for defined contribution plans amounted to € 42 million in 2006 (2005:
€ 14 million). All other pension plans are defined benefit plans, which are partly funded by
plan assets.
Defined Benefit Plans
Given the diverse Group structure, different defined benefit plans exist, comprising both pen-
sion payments and widow’s and orphan’s pensions.
Other Current Liabilities € in millions
Dec. 31 Dec. 31
2006 2005
Liabilities due to personnel 27 13
Tax liabilities other than income taxes 65 46
Liabilities due to social security 8 10
Interest rate options 0 2
Currency options 9 14
Forward contracts 27 9
Deferred income 17 17
Sundry 79 79
Other current liabilities 232 190
Pensions and Similar Obligations € in millions
Dec. 31 Dec. 31
2006 2005
Defined benefit plans 126 131
Thereof:
adidas AG 109 123
Similar obligations 8 17
Pensions and similar obligations 134 148
Actuarial Assumptions in %
Dec. 31 Dec. 31
2006 2005
Discount rate 4.5 4.0
Salary increases 3.5 3.0
Pension increases 1.5 1.5
Expected return on plan asset 3.0 —