Reebok 2009 Annual Report Download - page 190
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186 CONSOLIDATED FINANCIAL STATEMENTS Notes
Provisions 19
Provisions consist of the following:
N
°-
1 9
PROVISIONS
€ IN MILLIONS
Jan. 1, 2009
Currency
translation
differences Usage Reversals
Changes in
companies
consolidated Additions Transfers Dec. 31, 2009
Thereof
non-
current
Marketing 54 — 24 1 — 16 — 45 —
Employee benefits 42 (1) 20 1 — 35 — 55 11
Returns, allowances, warranty 114 (1) 70 1 — 63 — 105 2
Taxes, other than income taxes 13 — 5 — — 4 — 12 —
Other provisions 129 (1) 21 4 — 29 — 132 16
Total provisions 352 (3) 140 7 — 147 — 349 29
Marketing provisions mainly consist of provisions for promotion contracts.
Provisions for employee benefits mainly consist of provisions for profit-sharing plans. With
regard to provisions for early retirement, claims for reimbursement in an amount of € 3 million
(December 31, 2008: € 2 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.
Management follows past experience from similar transactions when estimating the
amounts recognised as provisions while considering all evidence from events until the preparation
of the consolidated financial statements.
Accrued liabilities 20
Accrued liabilities consist of the following:
N
°-
20
ACCRUED LIABILITIES
€ IN MILLIONS
Jan. 1, 2009
Currency
translation
differences Usage Reversals
Changes in
companies
consolidated Additions Transfers Dec. 31, 2009
Thereof
non-
current
Goods and services not yet invoiced 321 (5) 245 5 — 186 — 252 1
Marketing 155 3 107 6 — 109 — 154 1
Payroll and commissions 157 (1) 87 14 — 107 — 162 16
Other accruals 88 — 48 1 — 40 — 79 4
Total accrued liabilities 721 (3) 487 26 — 442 — 647 22
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.