Reebok 2010 Annual Report Download - page 239

Additional Information Ten-Year Overview 235
Balance Sheet Data (€ in millions)
Total assets 4) 10,618 8,875 9,533 8,325 8,379 5,750 4,434 4,188 4,261 4,183
Inventories 2,119 1,471 1,995 1,629 1,607 1,230 1,155 1,164 1,190 1,273
Receivables and other current assets 2,324 2,038 2,523 2,048 1,913 1,551 1,425 1,335 1,560 1,520
Working capital 4) 1,972 1,649 1,290 1,522 1,733 2,644 1,336 1,433 1,445 1,485
Net borrowings 221 917 2,189 1,766 2,231 (551) 665 1,018 1,498 1,679
Shareholders’ equity 4) 4,616 3,771 3,386 3,023 2,828 2,684 1,544 1,285 1,081 1,015
Balance Sheet Ratios
Net borrowings/EBITDA 2 ) 0.2 1.2 1.7 1.5 2.1 (0.7) 0.9 1.6 2.4 2.7
Financial leverage 4) 4.8% 24.3% 64.6% 58.4% 78.9% (20.5%) 43.1% 79.2% 138.5% 165.5%
Equity ratio 4) 43.5% 42.5% 35.5% 36.3% 33.8% 46.7% 34.8% 30.7% 25.4% 24.3%
Equity-to-fixed-assets ratio 4) 97.4% 85.9% 73.6% 72.2% 63.5% 194.0% 110.4% 91.1% 75.4% 77.8%
Asset coverage I 4) 141.5% 137.4% 127.7% 136.1% 138.7% 284.1% 194.1% 197.6% 196.9% 209.3%
Asset coverage II 4) 97.7% 102.9% 89.1% 98.0% 102.0% 150.4% 106.3% 108.3% 107.6% 105.9%
Fixed asset intensity of investments 44.6% 49.5% 48.2% 50.3% 53.2% 24.1% 31.6% 33.7% 33.7% 31.2%
Current asset intensity of investments 55.4% 50.5% 51.8% 49.7% 46.8% 75.9% 68.4% 66.3% 66.3% 68.8%
Liquidity I 4) 35.5% 30.0% 10.5% 14.5% 15.8% 92.0% 26.8% 20.8% 5.5% 6.1%
Liquidity II 4) 78.2% 80.4% 55.1% 70.3% 80.4% 148.0% 88.4% 100.8% 99.1% 96.0%
Liquidity III 4) 132.4% 132.2% 109.8% 132.6% 153.7% 219.4% 156.4% 187.4% 185.3% 187.4%
Working capital turnover 4) 6.1 6.3 8.4 6.8 5.8 2.6 4.4 4.4 4.5 4.1
Return on equity 4) 5) 12.3% 6.5% 18.9% 18.2% 17.1% 14.3% 20.4% 20.2% 21.1% 20.5%
Return on capital employed 4) 5) 20.2% 11.3% 19.8% 20.2% 17.6% 49.3% 27.5% 22.1% 16.8% 16.7%
Data Per Share 6 )
Share price at year-end (in €) 48.89 37.77 27.14 51.26 37.73 40.00 29.69 22.58 20.58 21.08
Basic earnings 5 ) (in €) 2.71 1.25 3.25 2.71 2.37 2.05 1.72 1.43 1.26 1.15
Diluted earnings 5 ) (in €) 2.71 1.22 3.07 2.57 2.25 1.93 1.64 1.43 1.26 1.15
Price/earnings ratio at year-end 18.0 31.0 8.8 19.9 16.8 20.7 18.1 15.8 16.3 18.3
Market capitalisation at year-end (€ in millions) 10,229 7,902 5,252 10,438 7,679 8,122 5,446 4,104 3,738 3,823
Operating cash flow (in €) 4.28 6.11 2.52 3.83 3.74 1.88 3.17 3.58 2.94 2.12
Dividend (in €) 0.807) 0.35 0.50 0.50 0.42 0.33 0.33 0.25 0.25 0.23
Dividend payout ratio (in %) 29.5 29.8 15.1 18.0 17.7 17.2 18.9 17.5 19.8 20.0
Number of shares outstanding at year-end (in thousands) 209,216 209,216 193,516 203,629 203,537 203,047 183,436 181,816 181,692 181,396
Employees
Number of employees at year-end 2 ) 42,541 39,596 38,982 31,344 26,376 15,935 14,254 15,686 14,716 13,941
Personnel expenses 2 ) (€ in millions) 1,521 1,352 1,283 1,186 1,087 706 637 709 758 695
Rounding differences may arise in percentages and totals.
1) Including Reebok, Reebok-CCM Hockey and Rockport from February 1, 2006 onwards. 2) 2004 and 2005 reflect continuing operations as a result of the divestiture of the Salomon business segment.
3) Operating profit figures prior to 2004 exclude royalty and commission income and goodwill amortisation. 4) 2003 and 2004 figures have been restated due to application of IAS 32/IAS 39 and amendment to IAS 19.
5) Includes income from continuing and discontinued operations. 6) Figures adjusted for 1:4 share split conducted on June 6, 2006. 7) Subject to Annual General Meeting approval.
Ten-Year Overview
2010 2009 2008 2007 2006 1 ) 2005 2004 2003 2002 2001