Reebok 2008 Annual Report Download - page 211

adidas Group Annual Report 2008 207
Ten-year overview
2008 2007 2006 1) 2005 2004 2003 2002 2001 2000 1999
Balance Sheet Ratios
Financial leverage 4) 64.6% 58.4% 78.9% (20.5%) 43.1% 79.2% 138.5% 165.5% 219.6% 234.0%
Equity ratio 4) 35.5% 36.3% 33.8% 46.7% 34.8% 30.7% 25.4% 24.3% 20.3% 19.0%
Equity-to-fi xed-assets ratio 4) 73.6% 72.2% 63.5% 194.0% 110.4% 91.1% 75.4% 77.8% 66.2% 54.9%
Asset Coverage I 4) 127.7% 136.1% 138.7% 284.1% 194.1% 197.6% 196.9% 209.3% 207.7% 183.4%
Asset Coverage II 4) 89.1% 98.0% 102.0% 150.4% 106.3% 108.3% 107.6% 105.9% 101.3% 99.5%
Fixed asset intensity of investments 48.2% 50.3% 53.2% 24.1% 31.6% 33.7% 33.7% 31.2% 30.7% 34.5%
Current asset intensity of investments 51.8% 49.7% 46.8% 75.9% 68.4% 66.3% 66.3% 68.8% 69.3% 65.5%
Liquidity I 4) 10.5% 14.5% 15.8% 92.0% 26.8% 20.8% 5.5% 6.1% 7.7% 5.5%
Liquidity II 4) 55.1% 70.3% 80.4% 148.0% 88.4% 100.8% 99.1% 96.0% 90.4% 88.0%
Liquidity III 4) 109.8% 132.6% 153.7% 219.4% 156.4% 187.4% 185.3% 187.4% 185.0% 171.5%
Working capital turnover 4) 8.4 6.8 5.8 2.6 4.4 4.4 4.5 4.1 4.1 4.9
Return on equity 4) 5) 18.9% 18.2% 17.1% 14.3% 20.4% 20.2% 21.1% 20.5% 22.3% 33.5%
Return on capital employed 4) 5) 19.8% 20.2% 17.6% 49.3% 27.5% 22.1% 16.8% 16.7% 17.0% 20.7%
Data Per Share 6)
Share price at year-end (in €) 27.14 51.26 37.73 40.00 29.69 22.58 20.58 21.08 16.50 18.58
Basic earnings 5) (in €) 3.25 2.71 2.37 2.05 1.72 1.43 1.26 1.15 1.00 1.26
Diluted earnings 5) (in €) 3.07 2.57 2.25 1.93 1.64 1.43 1.26 1.15 1.00 1.26
Price /earnings ratio at year-end 8.8 19.9 16.8 20.7 18.1 15.8 16.3 18.3 16.5 14.8
Market capitalisation at year-end (€ in millions) 5,252 10,438 7,679 8,122 5,446 4,104 3,738 3,823 2,993 3,381
Operating cash fl ow (in €) 2.52 3.83 3.74 1.88 3.17 3.58 2.94 2.12 (0.06) 1.81
Dividend (in €) 0.50 7) 0.50 0.42 0.33 0.33 0.25 0.25 0.23 0.23 0.23
Dividend payout ratio (in %) 15.1 8) 18.0 17.7 17.2 18.9 17.5 19.8 20.0 22.9 18.3
Number of outstanding shares at year-end (in thousands) 193,516 203,629 203,537 203,047 183,436 181,816 181,692 181,396 181,396 181,396
Employees
Number of employees at year-end 2) 38,982 31,344 26,376 15,935 14,254 15,686 14,716 13,941 13,362 12,829
Personnel expenses 2) (€ in millions) 1,283 1,186 1,087 706 637 709 758 695 630 580
1) Including Reebok business segment from February 1, 2006 onwards. Including Greg Norman apparel business from February 1, 2006 to November 30, 2006.
2) 2004 and 2005 refl ect continuing operations as a result of the divestiture of the Salomon business segment.
3) Operating profi t fi gures prior to 2004 exclude royalty and commission income and goodwill amortisation.
4) 2003 and 2004 fi gures have been restated due to application of IAS 32/IAS 39 and amendment to IAS 19.
5) Includes income from continuing and discontinued operations.
6) Figures adjusted for 1: 4 share split conducted on June 6, 2006.
7) Subject to Annual General Meeting approval.
8) Based on number of shares outstanding at year-end.