Reebok 2011 Annual Report Download - page 202

adidas Group
2011 Annual Report
CONSOLIDATED FINANCIAL STATEMENTS
198
2011
198
2011
04.8
04.8 Notes Notes to the Consolidated Statement of Financial Position
The expected payments for 2012 amount to € 9 million. Thereof,
€ 6 million relate to benefits paid directly by the Group companies and
€ 3 million to employer contributions paid into the plan assets. In 2011,
the actual return on plan assets was € 0 million (2010: € 5 million).
Constitution of plan assets (€ in millions)
Dec. 31, 2011 Dec. 31, 2010
Equity instruments 21 21
Bonds 9 14
Real estate 1 1
Pension plan reinsurance 22 21
Other assets 14 10
Fair value of plan assets 67 67
Historical development (€ in millions)
Dec. 31, 2011 Dec. 31, 2010 Dec. 31, 2009 Dec. 31, 2008 Dec. 31, 2007
Present value of defined benefit obligation 260 237 207 172 171
Fair value of plan assets 67 67 61 53 60
Thereof: defined benefit assets (1) (1) (2) (5) (4)
Deficit in plans 194 171 148 124 115
Experience adjustments arising on the plan liabilities (4) (1) (3) 2 (1)
Experience adjustments arising on the plan assets (4) 1 3 (8) 4
24 Other non-current liabilities
Other non-current liabilities consist of the following:
Other non-current liabilities (€ in millions)
Dec. 31, 2011 Dec. 31, 2010
Liabilities due to personnel 11 16
Deferred income 25 19
Sundry 0 1
Other non-current liabilities 36 36
25 Shareholders’ equity
The nominal capital of adidas AG (“the company”) has remained
unchanged since December 31, 2010. As at the balance sheet date,
and in the period beyond, up to and including February 15, 2012, it
amounted to € 209,216,186 divided into 209,216,186 registered
no-par-value shares (“registered shares”) and is fully paid in.
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).
Neither at the balance sheet date nor at February 15, 2012 does the
company hold any treasury shares.
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 2011 finan-
cial year or in the period beyond the balance sheet date up to and
including February 15, 2012. The following description of the existing
authorised capital does not contain the cancellation of the Authorised
Capital 2009/II, resolved by the Annual General Meeting on May 12,
2011, which had also not been made use of up to May 12, 2011.