Reebok 2012 Annual Report Download - page 234
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adidas Group
/
2012 Annual Report
Consolidated Financial Statements
212
2012
/
04.8
/
Notes
/
Notes to the Consolidated Statement of Financial Position
08 Other current financial assets
Other current financial assets consist of the following:
Other current financial assets (€ in millions)
Dec. 31, 2012 Dec. 31, 2011 1)
Currency options 8 26
Forward contracts 53 137
Security deposits 82 74
Sundry 49 52
Other current financial assets 192 289
1) Restated according to IAS 8, see Note 03.
Information in relation to currency options and forward contracts is also
included in these Notes
/
SEE NOTE 29.
09 Inventories
Inventories by major classification are as follows:
Inventories (€ in millions)
Dec. 31, 2012 Dec. 31, 2011 1)
Gross
value
Allowance for
obsolescence
Net
value
Gross
value
Allowance for
obsolescence
Net
value
Merchandise and finished goods on hand 1,717 (80) 1,637 1,809 (87) 1,722
Goods in transit 817 – 817 746 – 746
Raw materials 27 (1) 26 28 (1) 27
Work in progress 6 – 6 7 – 7
Inventories 2,567 (81) 2,486 2,590 (88) 2,502
1) Restated according to IAS 8, see Note 03.
Goods in transit mainly relate to shipments of finished goods and
merchandise from suppliers in Asia to subsidiaries in Europe, Asia,
North America and Latin America. The carrying amount of inventories
which is measured at fair value less costs to sell amounts to
€ 177 million and € 143 million (restated) as at December 31, 2012 and
2011, respectively
/
SEE NOTE 02.