Reebok 2011 Annual Report Download - page 230
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adidas Group
2011 Annual Report
ADDITIONAL INFORMATION
226
2011
05.1 Ten-Year Overview
05.1
.. Ten-Year Overview (continued)
2011 2010 2009
Balance Sheet Ratios
Net borrowings/EBITDA 2) (0.1) 0.2 1.2
Average operating working capital as a percentage of net sales 20.8% 20.8% 24.3%
Financial leverage 4) (1.7%) 4.8% 24.3%
Equity ratio 4) 46.8% 43.5% 42.5%
Equity-to-fixed-assets ratio 4) 107.7% 97.4% 85.9%
Asset Coverage I 4) 143.5% 141.5% 137.4%
Asset Coverage II 4) 95.5% 97.7% 102.9%
Fixed asset intensity of investments 43.5% 44.6% 49.5%
Current asset intensity of investments 56.5% 55.4% 50.5%
Liquidity I 4) 32.0% 35.5% 30.0%
Liquidity II 4) 71.9% 78.2% 80.4%
Liquidity III 4) 129.9% 132.4% 132.2%
Working capital turnover 4) 6.2 6.1 6.3
Return on equity 4) 5) 12.6% 12.3% 6.5%
Return on capital employed 4) 5) 20.7% 20.2% 11.3%
Data Per Share 6)
Share price at year-end (in €) 50.26 48.89 37.77
Basic earnings 5) (in €) 3.20 2.71 1.25
Diluted earnings 5) (in €) 3.20 2.71 1.22
Price/earnings ratio at year-end 15.7 18.0 31.0
Market capitalisation at year-end (€ in millions) 10,758 10,229 7,902
Net cash generated from operating activities (in €) 3.79 4.28 6.11
Dividend (in €) 1.00 7) 0.80 0.35
Dividend payout ratio (in %) 31.2 29.5 29.8
Number of shares outstanding at year-end (in thousands) 209,216 209,216 209,216
Employees
Number of employees at year-end 2) 46,824 42,541 39,596
Personnel expenses 2) (€ in millions) 1,646 1,521 1,352
Rounding differences may arise in percentages and totals.
1) Including Reebok, Rockport and Reebok-CCM Hockey 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.