Reebok 2008 Annual Report Download - page 192
Download and view the complete annual report
Please find page 192 of the 2008 Reebok annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182 -
183 -
184 -
185 -
186 -
187 -
188 -
189 -
190 -
191 -
192 -
193 -
194 -
195 -
196 -
197 -
198 -
199 -
200 -
201 -
202 -
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
 |
 |
188 Consolidated Financial Statements Notes
27 Financial income /fi nancial expenses
Financial result consists of the following:
Financial income
€ in millions
Year ending
Dec. 31, 2008
Year ending
Dec. 31, 2007
Interest income from fi nancial instruments measured at amortised cost 30 23
Interest income from fi nancial instruments at fair value through profi t or loss 7 4
Interest income from non-fi nancial assets — —
Net foreign exchange gains — 7
Fair value gains from available-for-sale investments — —
Other 0 2
Financial income 37 36
Financial expenses
€ in millions
Year ending
Dec. 31, 2008
Year ending
Dec. 31, 2007
Interest expense on fi nancial instruments measured at amortised cost (178) (163)
Interest expense on fi nancial instruments at fair value through profi t or loss — (1)
Interest expense on provisions and non-fi nancial liabilities — (2)
Net foreign exchange losses (25) —
Other — (4)
Financial expenses (203) (170)
Interest income from fi nancial instruments, measured at amortised cost, mainly consists of
interest income from bank deposits and loans.
Interest income /expense from fi nancial instruments at fair value through profi t or loss mainly
includes interest payments from investment funds as well as net interest payments from inter-
est derivatives not being part of a hedging relationship. Unrealised gains /losses from fair value
measurement of such fi nancial assets are shown in other fi nancial income or expenses.
Interest expense on fi nancial instruments measured at amortised cost mainly includes interest
on borrowings and effects from using the “effective interest method”.
Interest expense on provisions and non-fi nancial liabilities particularly includes effects from
measurement of provisions at present value and interest on non-fi nancial liabilities such as tax
payables.
Other fi nancial expenses include impairment losses on other fi nancial assets amounting to
€ 0 million and € 4 million for the years ending December 31, 2008 and 2007, respectively. Also
included in other fi nancial expenses are minority interests, which are not recorded in equity
according to IAS 32.
Information regarding the Group’s available-for-sale investments, borrowings and fi nancial
instruments is also included in these Notes see Notes 6, 13, 15 and 23.