Reebok 2012 Annual Report Download - page 258

adidas Group
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2012 Annual Report
Consolidated Financial Statements
236
2012
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04.8
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Notes
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Notes – Additional Information
37 Additional cash flow information
In 2012, the increase in cash generated from operating activities
compared to the prior year was primarily due to a 21% increase in
operating profit before working capital changes.
Net cash outflow from investing activities in 2012 was mainly related
to spending for property, plant and equipment such as investments in
the furnishing and fitting of stores in the Retail segment, in new office
buildings and IT systems as well as the acquisition of Adams Golf.
Cash inflows from financing activities were mainly related to proceeds
from the issue of a convertible bond in an amount of € 496 million.
Current revolving financial transactions are offset within financing
activities.
38 Commitments and contingencies
Other financial commitments
The Group has other financial commitments for promotion and
advertising contracts, which mature as follows:
Financial commitments for promotion and advertising
(€ in millions)
Dec. 31, 2012 Dec. 31, 2011
Within 1 year 679 681
Between 1 and 5 years 1,991 1,918
After 5 years 1,098 1,244
Total 3,768 3,843
Commitments with respect to advertising and promotion maturing after
five years have remaining terms of up to 18 years from December 31,
2012.
Information regarding commitments under lease and service
contracts is also included in these Notes
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SEE NOTE 28.
Litigation
The Group is currently engaged in various lawsuits resulting from
the normal course of business, mainly in connection with distribution
agreements as well as intellectual property rights. The risks regarding
these lawsuits are covered by provisions when a reliable estimate of the
amount of the obligation can be made
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SEE NOTE 20. In the opinion of
Management, the ultimate liabilities resulting from such claims will not
materially affect the consolidated financial position of the Group.
39 Related party disclosures
According to the definitions of IAS 24 “Related Party Disclosures“, the
Supervisory Board and the Executive Board of adidas AG were identified
as related parties who solely received remuneration in connection with
their function as key management personnel. For information about
the remuneration of the Supervisory Board and the Executive Board of
adidas AG
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SEE NOTE 40
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SEE COMPENSATION REPORT, P. 56.
40 Other information
Employees
The average numbers of employees are as follows:
Employees
Year ending
Dec. 31, 2012
Year ending
Dec. 31, 2011
Own retail 24,841 24,429
Sales 4,627 5,125
Logistics 5,421 5,262
Marketing 3,827 3,864
Central administration 3,933 3,891
Production 1,927 1,957
Research and development 1,052 1,001
Information technology 995 993
Total 46,623 46,522