Reebok 2007 Annual Report Download - page 193
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189
ANNUAL REPORT 2007 --- adidas Group
30 ADDITIONAL CASH FLOW INFORMATION In 2007 the line item “Acquisition of subsidiaries
and other business units net of cash acquired” from the consolidated statement of cash fl ows
includes the acquisition of Mitchell & Ness as part of an asset deal. see Note 4
In 2006, this line item includes the acquisition of Reebok International Ltd. see Note 4
31 COMMITMENTS AND CONTINGENCIES
OTHER FINANCIAL COMMITMENTS The Group has other fi nancial commitments for promotion
and advertising contracts, which mature as follows:
FINANCIAL COMMITMENTS FOR PROMOTION AND ADVERTISING
€
in million
s
D
ec.
3
1 Dec. 31
200
7 2006
Within 1 year
Between 1 and 5 years
After 5 years
T
o
t
a
l
443 364
1,1
3
4 970
17
6
218
1,753 1,552
2
Commitments with respect to advertising and promotion maturing after fi ve years have remain-
ing terms of up to 15 years from December 31, 2007.
Information regarding commitments under lease and service contracts is also included in
these Notes. see Note 22
LITIGATION The Group is currently engaged in various lawsuits resulting from the normal course
of business, mainly in connection with license and distribution agreements as well as competi-
tion issues. The risks regarding these lawsuits are covered by provisions when a reliable esti-
mate of the amount of the obligation can be made see Note 16. In the opinion of Management, the
ultimate liabilities resulting from such claims will not materially affect the consolidated fi nancial
position of the Group.
32 EQUITY COMPENSATION BENEFITS
MANAGEMENT SHARE OPTION PLAN (MSOP) OF ADIDAS AG Under the Management Share
Option Plan (MSOP) adopted by the shareholders of adidas AG on May 20, 1999, and amended by
resolution of the Annual General Meeting on May 8, 2002, and on May 13, 2004, the Executive
Board was authorized to issue non-transferable stock options for up to 1,373,350 no-par-value
bearer shares to members of the Executive Board of adidas AG as well as to managing direc-
tors / senior vice presidents of its related companies and to other executives of adidas AG and its
related companies until August 27, 2004. The granting of stock options took place in tranches
not exceeding 25 % of the total volume for each fi scal year.
A two-year vesting period and a term of approximately seven years upon their respective
issue applies for the stock options.
05