Reebok 2010 Annual Report Download - page 208

204 Consolidated Financial Statements Notes Notes to the Consolidated Statement of Financial Position
Constitution of plan assets
€ in millions
Dec. 31, 2010 Dec. 31, 2009
Equity instruments 21 19
Bonds 14 13
Real estate 1 1
Pension plan reinsurance 21 19
Other assets 10 9
Fair value of plan assets 67 61
Historical development
€ in millions
Dec. 31, 2010 Dec. 31, 2009 Dec. 31, 2008 Dec. 31, 2007 Dec. 31, 2006
Present value of defined benefit obligation 237 207 172 171 170
Fair value of plan assets 67 61 53 60 46
Thereof: defined benefit assets (1) (2) (5) (4) (2)
Deficit in plan 171 148 124 115 126
Experience adjustments arising
on the plan liabilities (1) (3) 2 (1) 4
Experience adjustments arising
on the plan assets 1 3 (8) 4 —
Other non-current liabilities 24
Other non-current liabilities consist of the following:
Other non-current liabilities
€ in millions
Dec. 31, 2010 Dec. 31, 2009
Finance lease obligations 1 ) — 2
Liabilities due to personnel 16 7
Deferred income 19 17
Sundry 1 2
Other non-current liabilities 36 28
1) From 2010 onwards, non-current finance lease obligations are presented under other non-current financial liabilities
see Note 22.
Liabilities due after more than five years amounted to € 12 million at December 31, 2010 (2009:
€ 10 million).
Shareholders’ equity 25
On December 31, 2009, the nominal capital of adidas AG (“the company”) amounted to
€ 209,216,186 divided into 209,216,186 no-par-value bearer shares and was fully paid in.
On May 6, 2010, the Annual General Meeting of the company resolved the conversion from
no-par-value bearer shares into registered no-par-value shares. The corresponding amendments
to the Articles of Association were entered into the commercial register on July 13, 2010 and
thus became effective on the same date. On October 11, 2010, the no-par-value bearer shares of
the company were converted into registered no-par-value shares (“registered shares”) see Our
Share, p. 34.
At the balance sheet date, the nominal capital of the company amounted to a total of
€ 209,216,186 and was divided into 209,216,186 registered shares. The nominal capital is fully
paid in.
The nominal capital remained unchanged. Consequently, on February 15, 2011, the nominal
capital of adidas AG amounts to € 209,216,186 and is divided into 209,216,186 registered shares.
Each share grants one vote and is entitled to dividends starting from the beginning of the year
it was issued. Treasury shares held directly or indirectly are not entitled to dividend payment in
accordance with § 71b German Stock Corporation Act (Aktiengesetz – AktG). As at February 15,
2011, the company does not hold any treasury shares.
Authorised Capital Authorised Capital
The Executive Board of adidas AG did not make use of the existing amounts of authorised capital
of up to € 95,000,000 in the 2010 financial year or in the period beyond the balance sheet date up
to and including February 15, 2011. The following description of the existing authorised capital
does not contain the cancellation of the Authorised Capital 2006, resolved by the Annual General
Meeting on May 6, 2010, which had also not been made use of up to May 6, 2010.
The authorised capital of the company, which is set out in § 4 sections 2, 3 and 4 of the Articles
of Association as at the balance sheet date, entitles the Executive Board, subject to Supervisory
Board approval, to increase the nominal capital
until June 21, 2014
– by issuing new shares against contributions in cash once or several times by no more than
€ 50,000,000 and, subject to Supervisory Board approval, to exclude residual amounts from
shareholders’ subscription rights (Authorised Capital 2009/I);
until June 21, 2012
– by issuing new shares against contributions in kind once or several times by no more than
€ 25,000,000 and, subject to Supervisory Board approval, to exclude shareholders’ subscription
rights (Authorised Capital 2009/II);