Reebok 2012 Annual Report Download - page 239

adidas Group
/
2012 Annual Report
Consolidated Financial Statements
217
2012
/
04.8
/
Notes
/
Notes to the Consolidated Statement of Financial Position
20 Other provisions
Other provisions consist of the following:
Other provisions (€ in millions)
Jan. 1, 2012 1) Currency
translation
differences
Usage Reversals Changes in
companies
consolidated
Additions Transfers Dec. 31, 2012 Thereof
non-current
Marketing 69 (0) (58) (2) – 52 – 61 –
Personnel 103 (2) (28) (1) – 45 (28) 89 32
Returns, allowances and
warranty 194 (8) (111) (0) 2 109 29 215 –
Taxes, other than income taxes 26 (0) (6) – 0 1 (0) 21 0
Sundry 212 (3) (54) (2) – 93 0 246 37
Other provisions 604 (13) (257) (5) 2 300 1 632 69
1) Restated according to IAS 8, see Note 03.
Marketing provisions mainly consist of provisions for promotion
contracts.
Provisions for personnel mainly consist of provisions for short-
and long-term variable compensation components. With regard to
provisions for early retirement, claims for reimbursement in an amount
of € 1 million (2011: € 1 million) are shown under other non-current
assets.
Provisions for returns, allowances and warranty primarily arise due
to bonus agreements with customers and the obligation of fulfilling
customer claims with regard to the return of products sold by the
Group. The amount of the provision follows the historical development of
returns, allowances and warranty as well as current agreements.
Provisions for taxes other than income taxes mainly relate to value
added tax, real estate tax and motor vehicle tax.
Sundry provisions mainly include provisions for customs risks as
well as anticipated losses from purchases and other transactions, and
contingent losses from pending lawsuits.
Management follows past experience from similar transactions
when estimating the amounts recognised as other provisions while
considering all evidence from events until the preparation of the
consolidated financial statements.
21 Accrued liabilities
Accrued liabilities consist of the following:
Accrued liabilities (€ in millions)
Jan. 1, 2012 1) Currency
translation
differences
Usage Reversals Changes in
companies
consolidated
Additions Transfers Dec. 31, 2012 Thereof
non-current
Goods and services not yet
invoiced 415 (7) (268) (14) (0) 308 (5) 429 0
Marketing and sales 267 1 (158) (3) 1 202 3 313 2
Personnel 295 (1) (211) (9) 1 250 3 328 35
Sundry 60 (1) (40) (1) 0 38 (2) 54 3
Accrued liabilities 1,037 (8) (677) (27) 2 798 (1) 1,124 40
1) Restated according to IAS 8, see Note 03.
Marketing accrued liabilities mainly consist of accruals for distribution,
such as discounts, rebates and sales commissions.
Accrued liabilities for personnel mainly consist of accruals for
outstanding salary payments, such as bonuses and overtime, as well as
outstanding vacation.
Sundry accrued liabilities partly include accruals for interest.