Reebok 2014 Annual Report Download - page 119

Group Management Report – Financial Review
115
2014
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03.2
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adidas Group
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2014 Annual Report
Group Business Performance
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Statement of Financial Position and Statement of Cash Flows
Statement of Financial Position and
Statement of Cash Flows
Accounting policy
The Group’s consolidated financial statements are prepared in accordance with the International
Financial Reporting Standards (IFRS), as adopted by the EU. In 2014, new standards and
interpretations and amendments to existing standards and interpretations were applicable. The
changes mainly require additional disclosures in the Group’s financial statements.
Planned Rockport divestiture impacts balance sheet items
At December 31, 2014, all assets and liabilities of the Rockport operating segment are presented
as assets and liabilities classified as held for sale due to the existence of a concrete plan to sell this
operating segment. At the end of 2014, assets of € 260 million and liabilities of € 46 million were
allocated to the Rockport operating segment. However, a restatement of the 2013 balance sheet
items is not allowed under IFRS.
see Note 01, p. 196
see Note 03, p. 206
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Structure of statement of financial position 1) (in % of total assets)
2014 2013
Assets (€ in millions) 12,417 11,599
Cash and cash equivalents 13.6% 13.7%
Accounts receivable 15.7% 15.6%
Inventories 20.3% 22.7%
Fixed assets 35.0% 35.7%
Other assets 15.4% 12.3%
■ 2014 ■ 2013
1) For absolute figures see adidas AG Consolidated Statement of Financial Position, p. 190.
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Structure of statement of financial position 1) (in % of total liabilities and equity)
2014 2013
Liabilities and equity (€ in millions) 12,417 11,599
Short-term borrowings 2.3% 5.9%
Accounts payable 13.3% 15.7%
Long-term borrowings 12.8% 5.6%
Other liabilities 26.4% 25.5%
Total equity 45.2% 47.3%
■ 2014 ■ 2013
1) For absolute figures see adidas AG Consolidated Statement of Financial Position, p. 190.