Reebok 2007 Annual Report Download - page 175

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171
ANNUAL REPORT 2007 --- adidas Group
17 OTHER CURRENT LIABILITIES Other current liabilities consist of the following:
OTHER CURRENT LIABILITIES
€
in million
s
D
ec.
3
1 Dec. 31
200
7 2006
Liabilities due to personnel
Tax liabilities other than income taxes
Liabilities due to social security
Deferred income
Financial liabilities
Interest rate derivatives
Currency options
Forward contracts
Other fi nancial liabilities
Sundry
O
th
e
r
cu
rr
e
nt li
ab
iliti
es
29
27
5
5 65
8
8
14
17
—
—
26
9
6
3
27
14 15
57
64
266 232
2
Information regarding forward contracts as well as currency options and interest rate derivatives
is also included in these Notes. see Note 23
18 PENSIONS AND SIMILAR OBLIGATIONS The Group has obligations both from defi ned
contribution and defi ned benefi t pension plans. The benefi ts are provided pursuant to the legal,
fi scal and economic conditions in each respective country.
PENSIONS AND SIMILAR OBLIGATIONS
€ in million
s
Dec. 3
1
Dec. 31
2007
2006
Defi ned benefi t plans
Thereof:
adidas AG
Similar obligations
P
ensions and similar obli
g
ation
s
11
5
126
99
109
9 8
124 134
4
DEFINED CONTRIBUTION PLANS The total expense for defi ned contribution plans amounted to
€ 39 million in 2007 (2006: € 42 million). All other pension plans are defi ned benefi t plans, which
are partly funded by plan assets.
DEFINED BENEFIT PLANS Given the diverse Group structure, different defi ned benefi t plans
exist, comprising both pension payments and widow’s and orphan’s pensions as well as other
post-employment benefi ts for employees and members of the Executive Board. These plans are
partly funded.
ACTUARIAL ASSUMPTIONS
in
%
Dec. 3
1
Dec. 31
2007
2006
Discount rate
Salary increases
Pension increases
Expected return on plan assets
5
.
6
4.5
3
.
5
3.5
1
.
8
1.5
5
.
7
3.0
05