Reebok 2013 Annual Report Download - page 215

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adidas Group
/
2013 Annual Report
Consolidated Financial Statements
211
2013
/
04.8
/
Notes
/
Notes to the Consolidated Statement of Financial Position
Other current financial liabilities consist of the following:
Other current financial liabilities
(€ in millions) Dec. 31, 2013 Dec. 31, 2012
Currency options 3 5
Forward contracts 77 52
Finance lease obligations 4 5
Sundry 29 21
Other current financial liabilities 113 83
For further information about currency options and forward contracts
/
SEE NOTE 28. For information about finance
lease obligations
/
SEE NOTE 27.
Other provisions consist of the following:
Other provisions
(€ in millions) Jan. 1,
2013
Currency
translation
differences
Usage Reversals Additions Transfers Dec. 31,
2013
Thereof
non-current
Marketing 61 (2) (16) (0) 14 — 57 —
Personnel 89 (3) (65) (1) 39 (2) 57 8
Returns, allowances and
warranty 215 (28) (128) (0) 109 (1) 167 —
Taxes, other than income taxes 21 (1) (6) (4) 9 — 19 0
Sundry 246 (7) (43) (46) 39 (14) 175 17
Other provisions 632 (41) (258) (51) 210 (17) 475 25
Marketing provisions mainly consist of provisions for promotion contracts.
Provisions for personnel mainly consist of provisions for short- and long-term variable compensation
components as well as of provisions for social plans relating to restructuring measures. With regard to provisions
for early retirement, claims for reimbursement in an amount of € 0 million (2012: € 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.
The reversal of sundry provisions in 2013 is mainly related to the completion of customs audits and a risk
reassessment.
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.
18
Other current financial
liabilities
19
Other provisions