Reebok 2009 Annual Report Download - page 191

CONSOLIDATED FINANCIAL STATEMENTS Notes 187
Other current liabilities 21
Other current liabilities consist of the following:
N °-
21
OTHER CURRENT LIABILITIES
€ IN MILLIONS
Dec. 31, 2009 Dec. 31, 2008
Finance lease obligations 1 2
Liabilities due to personnel 31 30
Tax liabilities other than income taxes 108 80
Liabilities due to social security 13 10
Deferred income 27 18
Sundry 52 76
Other current liabilities 232 216
Information regarding finance lease obligations is also included in these Notes see Note 27.
Other non-current financial liabilities 22
Other non-current financial liabilities consist of the following:
N °-
22
OTHER NON-CURRENT FINANCIAL LIABILITIES
€ IN MILLIONS
Dec. 31, 2009 Dec. 31, 2008
Interest rate derivatives 10 9
Currency options 10 13
Forward contracts 5 1
Other financial liabilities — —
Other non-current financial liabilities 25 23
Information regarding forward contracts as well as currency options and interest rate derivatives
is also included in these Notes see Note 28.
Liabilities due after more than five years amounted to € 1 million at December 31, 2009
(2008: € 2 million).
Pensions and similar obligations 23
The Group has recognised post-employment benefit obligations arising from defined benefit
plans. The benefits are provided pursuant to the legal, fiscal and economic conditions in each
respective country.
N °-
23
PENSIONS AND SIMILAR OBLIGATIONS
€ IN MILLIONS
Dec. 31, 2009 Dec. 31, 2008
Net liability 148 119
thereof defined benefit liability 150 124
thereof defined benefit asset (2) (5)
thereof adidas AG:
Defined benefit liability 123 102
Defined benefit asset (2) (5)
Similar obligations 7 8
Pensions and similar obligations 155 127
thereof defined benefit liability 157 132
thereof defined benefit asset (2) (5)
Defined contribution plans Defined contribution plans
The total expense for defined contribution plans amounted to € 35 million in 2009 (2008: € 33 million).
Defined benefit plans Defined benefit plans
Given the diverse Group structure, different defined benefit plans exist, comprising a variety of
post-employment benefit arrangements. The benefit plans generally provide payments in case of
death, disability or retirement to former employees and their survivors. The obligations arising
from defined benefit plans are partly covered by plan assets.
N °-
23
ACTUARIAL ASSUMPTIONS
IN %
Dec. 31, 2009 Dec. 31, 2008
Discount rate 5.0 5.9
Salary increases 3.3 4.3
Pension increases 2.0 2.0
Expected return on plan assets 5.4 5.0
The actuarial assumptions as at the balance sheet date are used to determine the defined benefit
liability at that date and the pension expense for the upcoming financial year.