Reebok 2007 Annual Report Download - page 92

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ANNUAL REPORT 2007 --- adidas Group GROUP MANAGEMENT REPORT - OUR FINANCIAL YEAR -- Group Business Performance - Balance Sheet and Cash Flow Statement
B
ALANCE SHEET AND CASH FLOW STATEMENT
NO CHANGES IN ACCOUNTING POLICY The Group’s consoli-
dated fi nancial statements are prepared in accordance with
International Financial Reporting Standards (IFRS). In line
with IFRS, several new or amended standards and interpre-
tations were applied for the fi rst time in 2007.  see Note 1, p. 157
In 2007, there were no changes in the Group’s consolidation
and accounting principles. Therefore, changes in accounting
policy and changes in management discretion in the applica-
tion of accounting standards had no impact on the structure of
the Group’s balance sheet in the reporting period.
Asse
t
s
200
7 2006
Total asset
s
(
€ in millions
)
8,
3
2
5
8,379
1) For absolute fi
g
ures  see Consolidated Balance Sheet, p. 152
.
Li
ab
i
l
i
t
i
es and equ
i
ty
200
7 2006
Total l
i
ab
i
l
i
t
i
es and e
q
u
i
ty
(
€ in millions
)
8
,
3
25 8,379
1
) For absolute fi
g
ures  see Consolidated Balance Sheet, p. 152
.
C
ash and cash e
q
uivalents
3
.
5
Inv
e
nt
o
r
ies
19
.
6
Fixed assets 44.8
Other assets
1
4.6 33.8
9
.
0
30.8
2
6.4
12.6
3
.7
16.9
19.2
47.6
BALANCE SHEET STRUCTURE 1)
i
n
%
of total assets BALANCE SHEET STRUCTURE 1) in
%
of total liabilities and equity
Accounts receivable 17.5
A
ccounts paya
bl
e
10
.
2
Long-term borrowings 25.8
O
ther liabilities
2
7.
6
Total equity 36.4