Reebok 2007 Annual Report Download - page 177

173
ANNUAL REPORT 2007 --- adidas Group
CONSTITUTION OF PLAN ASSETS
€
in million
s
Dec
3
1
.
2007
Equity instruments
Bonds
Pension plan reinsurance
Other assets
Fair value of
p
lan assets
28
5
16
11
6
0
HISTORICAL DEVELOPMENT
€
in milli
o
n
s
Dec. 31 Dec. 31 Dec. 31 Dec. 31 Dec. 31
2
007
2006 2005 2004 2003
Present value of defi ned benefi t obligation
Fair value of plan assets
Non-deductible plan assets
Defi cit in plan
Experience adjustments
171
170 131 118 100
6
0
46 — — —
(
4
)
(2) — — —
131 118 100
8
115 126
6
(
1
)
4 1 — —
 19 OTHER NON-CURRENT LIABILITIES Other non-current liabilities consist of the following:
OTHER NON-CURRENT LIABILITIES
€
in milli
o
n
s
D
ec.
3
1 Dec. 31
2007 2006
Financial lease obligations
Liabilities due to personnel
Deferred income
Financial liabilities
Interest rate derivatives
Currency options
Forward contracts
Other fi nancial liabilities
Sundry
O
th
e
r n
o
n-
cu
rr
e
nt li
ab
iliti
es
3
5
6
4
14
12
1
0
12
16
1
1
6
—
1
1
3
8
69 43
3
Information regarding fi nance lease obligations, forward contracts as well as currency options
and interest rate derivatives is also included in these Notes.  see Notes 22 and 23
Liabilities due after more than fi ve years amounted to € 15 million at December 31, 2007
(2006: € 15 million).
 20 MINORITY INTERESTS This line item within equity comprises the equity of third parties in
a number of our consolidated companies. Minority interests are attributable to three subsidiar-
ies as at December 31, of both 2007 and 2006.  see Shareholdings (Attachment II to these Notes)
These subsidiaries were mainly purchased as part of the acquisition of the Reebok business.
In accordance with IAS 32, the following minority interests are not reported within minority
interests: GEV Grundstücksgesellschaft Herzogenaurach mbH & Co. KG (Germany), as the com-
pany is a limited partnership, and adidas Hellas A. E. (Greece), as this minority is held with a put
option. The fair value of these minorities is shown within other liabilities. The difference between
the fair value and the minority interests is shown as goodwill less accumulated amortization.
The result for these minorities is reported within fi nancial expenses.
 21 SHAREHOLDERS’ EQUITY On December 31, 2006, the nominal capital of adidas AG
amounted to € 203,536,860 and was divided into 203,536,860 no-par-value bearer shares
(“shares”) and was fully paid in.
In January 2007, the nominal capital increased to a total of € 203,567,060 divided into
203,567,060 shares, as a result of the exercise of a total of 7,550 stock options in November 2006
and the issuance of 30,200 shares associated with the Management Share Option Plan (MSOP) of
adidas AG. Capital reserves thus increased by € 175,296.
Furthermore, in July 2007, the nominal capital increased to a total of € 203,625,060 divided
into 203,625,060 shares, as a result of the exercise of a total of 14,500 stock options in May 2007
and the issuance of 58,000 shares associated with the Management Share Option Plan. In Octo-
ber 2007, the nominal capital again increased as a result of the exercise of a total of 975 stock
options in August 2007 and the issuance of 3,900 shares associated with the Management Share
Option Plan.
At the balance sheet date, the nominal capital of adidas AG amounted to a total of
€ 203,628,960 and was divided into 203,628,960 shares. The nominal capital is fully paid in.
In January 2008, the nominal capital of adidas AG was then increased by a further € 16,000
as a result of the exercise of 4,000 stock options in November 2007 and the issuance of 16,000
shares associated with the Management Share Option Plan.
On February 15, 2008, the nominal capital of adidas AG therefore amounted to € 203,644,960
and was divided into 203,644,960 shares.
The corresponding adjustment of the amount of the nominal capital resulting from the above
transactions up to and including January 2008 was registered with the Commercial Register on
February 4, 2008.
Each share is entitled to one vote and, starting from the year it was issued, is also entitled to
a dividend. Treasury shares held directly or indirectly and repurchased based on the authoriza-
tion of the Executive Board granted by resolution of the Annual General Meeting on May 10, 2007,
are not entitled to a dividend payment in accordance with § 71 b German Stock Corporation Act
(AktG – Aktiengesetz).
05