Reebok 2008 Annual Report Download - page 176

172 Consolidated Financial Statements Notes
16 Accrued liabilities and provisions
Accrued liabilities and provisions consist of the following:
Accrued liabilities and provisions
€ in millions
Jan. 1, 2008
Currency
translation
differences Usage Reversals
Changes in
companies
consolidated Additions Transfers Dec. 31, 2008
Thereof
non-current
Marketing 40 2 20 — — 32 — 54 —
Employee benefi ts 48 1 27 1 1 20 — 42 13
Returns, allowances, warranty 126 6 89 7 — 78 — 114 1
Taxes, other than income taxes 9 — 4 — — 7 1 13 —
Other provisions 131 — 45 6 6 38 (1) 123 14
Total provisions 354 9 185 14 7 175 — 346 28
Goods and services not yet invoiced 320 12 236 8 — 239 — 327 —
Marketing 147 (3) 90 3 — 104 — 155 4
Payroll and commissions 168 — 100 5 — 94 — 157 23
Other accruals 109 2 44 1 — 22 — 88 10
Total accrued liabilities 744 11 470 17 — 459 — 727 37
Total accrued liabilities and provisions 1,098 20 655 31 7 634 — 1,073 65
Marketing provisions mainly consist of provisions for promotion contracts.
Provisions for employee benefi ts mainly consist of provisions for profi t-sharing plans. With
regard to provisions for early retirement, claims for reimbursement in an amount of € 2 million
(December 31, 2007: € 3 million) are shown under other non-current assets.
Other provisions mainly include items not otherwise allocated as well as anticipated losses from
purchases and other transactions, and contingent losses from pending lawsuits.
Marketing accrued liabilities mainly consist of accruals for distribution, such as discounts,
rebates and sales commissions.
Accrued liabilities for payroll and commissions mainly consist of accruals for outstanding salary
payments, such as bonuses and overtime, as well as outstanding vacation.
Other accrued liabilities mainly include items not otherwise allocated and also accruals for
interest.