Reebok 2010 Annual Report Download - page 227

Consolidated Financial Statements Notes Notes – Additional Information 223
Related party disclosures 39
According to the definitions of IAS 24 “Related Party Disclosures“, the Supervisory Board and the
Executive Board of adidas AG were identified as related parties who solely received remuneration
in connection with their function as key management personnel. For information about the
remuneration of the Supervisory Board and the Executive Board of adidas AG see Note 40 and
Compensation Report, p. 30.
40 » Other information 40
Employees Employees
The average numbers of employees are as follows:
Employees
Year ending
Dec. 31, 2010 Year ending Dec. 31, 2009
Own retail 21,883 19,460
Sales 4,064 3,905
Logistics 4,749 5,484
Marketing 3,527 3,375
Central administration 3,260 3,075
Production 1,886 1,892
Research and development 991 1,005
Information technology 927 875
Total 41,287 39,071
Accountant service fees for the auditor of the financial statementsAccountant service fees for the auditor of the financial statements
In 2010, the expenses for the professional service fees of the auditor KPMG Europe LLP amounted
to € 1.6 million (2009: € 1.8 million).
Expenses for tax consultancy services provided by the auditor, for other confirmation services
provided by the auditor and for other services provided by the auditor amounted to € 0.2 million
(2009: € 0.3 million), € 0.0 million (2009: € 0.1 million) and € 0.0 million (2009: € 0.0 million),
respectively.
Remuneration of the Supervisory Board and the Executive Board of adidas AG Remuneration of the Supervisory Board and the Executive Board of adidas AG
Supervisory Board
Pursuant to the Articles of Association, the Supervisory Board members’ fixed annual payment
amounted to € 0.9 million (2009: € 0.9 million).
Members of the Supervisory Board were not granted any loans in 2010.
Executive Board
In 2010, the overall compensation of the members of the Executive Board totalled € 11.5 million
(2009: € 10.5 million): € 7.1 million thereof relates to short-term benefits (2009: € 6.8 million)
and € 4.4 million to long-term benefits (2009: € 3.7 million). Post-employment benefits (costs for
accrued pension entitlements for members of the Executive Board) totalled € 0.5 million (2009:
€ 0.4 million).
In 2010, former members of the Executive Board and their survivors received pension
payments totalling € 3.2 million (2009: € 2.6 million).
Provisions for pension obligations relating to former members of the Executive Board and
their survivors amount in total to € 45.9 million (2009: € 45.7 million).
Members of the Executive Board were not granted any loans in 2010.
Members of the Executive Board have not been granted any stock options since 2004. In 2010
and 2009, current and former members of the Executive Board did not exercise any stock options.
Details of the Management Share Option Plan are also included in these Notes see Note 38.
Further information on disclosures according to § 314 section 1 no. 6a German Commercial
Code (Handelsgesetzbuch – HGB) is provided in the Compensation Report see Compensation Report,
p. 30.
Information relating to the German Corporate Governance Code 41
Information pursuant to § 161 German Stock Corporation Act (Aktiengesetz – AktG)Information pursuant to § 161 German Stock Corporation Act (Aktiengesetz – AktG)
On February 11, 2011, the Executive Board and Supervisory Board of adidas AG issued the
updated declaration of conformity in accordance with §161 AktG. The full text of the Declaration of
Compliance is available on the Group’s corporate website.
Events after the balance sheet date 42
Group-specific subsequent events Group-specific subsequent events
No Group-specific subsequent events are known which might have a material influence on the
assets, liabilities, financial position and profit or loss of the Group.
Date of preparationDate of preparation
The Executive Board of adidas AG prepared and approved the consolidated financial statements
for submission to the Supervisory Board on February 15, 2011. It is the Supervisory Board’s task to
examine the consolidated financial statements and give their approval and authorisation for issue.
Herzogenaurach, February 15, 2011
The Executive Board of adidas AG