Reebok 2010 Annual Report Download - page 206
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202 Consolidated Financial Statements Notes Notes to the Consolidated Statement of Financial Position
Other current liabilities 21
Other current liabilities consist of the following:
Other current liabilities
€ in millions
Dec. 31, 2010 Dec. 31, 2009
Finance lease obligations 1 ) — 1
Liabilities due to personnel 34 31
Tax liabilities other than income taxes 99 108
Liabilities due to social security 16 13
Deferred income 16 27
Sundry 76 52
Other current liabilities 241 232
1) From 2010 onwards, current finance lease obligations are presented under other current financial liabilities see Note 18.
Other non-current financial liabilities 22
Other non-current financial liabilities consist of the following:
Other non-current financial liabilities
€ in millions
Dec. 31, 2010 Dec. 31, 2009
Interest rate derivatives 5 10
Currency options 6 10
Forward contracts 1 5
Finance lease obligations 1 ) 3 —
Other financial liabilities 0 0
Other non-current financial liabilities 15 25
1) From 2010 onwards, non-current finance lease obligations are presented under other non-current financial liabilities.
For 2009 see Note 24.
Information regarding forward contracts as well as currency options and interest rate derivatives
is also included in these Notes see Note 28. For information regarding finance lease obligations
see also Note 27.
Liabilities due after more than five years amounted to € 0 million at December 31, 2010 (2009:
€ 1 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.
Pensions and similar obligations
€ in millions
Dec. 31, 2010 Dec. 31, 2009
Pension liability 172 150
Similar obligations 8 7
Pensions and similar obligations 180 157
Defined contribution plans Defined contribution plans
The total expense for defined contribution plans amounted to € 34 million in 2010 (2009:
€ 35 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.
Amounts for defined benefit plans recognised in the consolidated statement of financial position
€ in millions
Dec. 31, 2010 Dec. 31, 2009
Present value of funded obligation 74 63
Fair value of plan assets (67) (61)
Funded status 7 2
Present value of unfunded obligation 163 144
Asset ceiling effect 1 2
Net defined benefit liability 171 148
thereof defined benefit liability 172 150
thereof adidas AG 138 123
thereof defined benefit asset (1) (2)
thereof adidas AG (1) (2)
The asset ceiling effect arises from the German funded defined benefit plan and is recognised in
the consolidated statement of comprehensive income.