Reebok 2013 Annual Report Download - page 209

Download and view the complete annual report

Please find page 209 of the 2013 Reebok annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 264

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264

adidas Group
/
2013 Annual Report
Consolidated Financial Statements
205
2013
/
04.8
/
Notes
/
Notes to the Consolidated Statement of Financial Position
Effective August 31, 2012, adidas AG acquired the remaining 15% of the shares of its subsidiary in Hungary, adidas
Budapest Kft., Budapest, for a purchase price of € 1 million. This acquisition represented an equity transaction,
whereby no goodwill has been incurred.
At September 30, 2012, 90% of the shares in Immobilieninvest und Betriebsgesellschaft Herzo-Base GmbH &
Co. KG, whose assets and liabilities were classified as held for sale, were sold for a purchase price of € 14 million.
The remaining 10% of the shares continue to be held by the Group and are recorded under long-term financial
assets
/
SEE NOTE 14. The sale led to a gain of € 1 million.
Notes to the Consolidated Statement of Financial Position
Cash and cash equivalents consist of cash at banks, cash on hand, short-term bank deposits and investments in
money market funds. Short-term financial assets are only shown as cash and cash equivalents if they are readily
convertible to a known amount of cash and are subject to an insignificant risk of changes in value.
Short-term financial assets are classified at “fair value through profit or loss”. Changes in the fair value are
recognised in the income statement as they occur.
The majority of short-term financial assets are time deposits.
Accounts receivable consist mainly of the currencies euro, US dollar and Japanese yen and are as follows:
Accounts receivable
(€ in millions) Dec. 31, 2013 Dec. 31, 2012
Accounts receivable, gross 1,929 1,809
Less: accumulated allowances for doubtful accounts (120) (121)
Accounts receivable, net 1,809 1,688
Movement in allowances for doubtful accounts
(€ in millions) 2013 2012
Allowances at January 1 121 145
Additions 51 48
Reversals (41) (50)
Write-offs charged against the allowance accounts (8) (23)
Currency translation differences (4) (0)
Other changes 1 1
Allowances at December 31 120 121
Accounts receivable past due but not impaired
(€ in millions) Past due
1 – 30 days
Past due
31 – 60 days
Past due
61 – 90 days
Past due
91 – 180 days
Past due
> 180 days
Dec. 31, 2013 162 52 8 4 0
Dec. 31, 2012 141 76 11 5 1
04
Cash and cash equivalents
05
Short-term financial
assets
06
Accounts receivable