Reebok 2014 Annual Report Download - page 166
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162
2014
Risk and Opportunity Report
/
03.5
/
adidas Group
/
2014 Annual Report
Group Management Report – Financial Review
This report focuses on what we perceive as the Group’s material risks with the exception of interest
rate risks and financing and liquidity risks. Material risks are all risks which were assessed with a
major impact as well as all risks with an impact rating of significant and a likelihood rating of at least
possible. The update of the Risk Universe affected the consolidation and aggregation of risks. As a
result, some risks illustrated in this report may not be fully comparable with risks presented in last
year’s report. The assessment of all risks is shown in the risks overview table.
see Table 03
03
/
Corporate risk overview
Potential impact Change
(2013 rating)
Likelihood Change
(2013 rating)
Strategic risks
Macroeconomic, socio-political and regulatory risks Major Possible
Risks related to risk and control environment Major Possible (Unlikely)
Risks related to media and stakeholder activities Significant Likely
Competition risks Significant Likely (Possible)
Risks related to organisational structure and change Significant Likely
Operational risks
Business partner risks Major Possible
Own-retail risks Major Unlikely (Possible)
Hazard risks Major Unlikely (Possible)
IT risks Major Unlikely
Project risks Major Unlikely
Inventory risks Significant (Moderate) Likely
Marketing risks Significant Likely
Risks related to product assortment, innovation and design Significant Likely
Logistics risks Significant (Major) Possible
Legal & Compliance risks
Risks related to competition, trade, customs and tax regulations Major Unlikely (Possible)
Product quality risks Major (Significant) Unlikely (Possible)
Fraud and corruption risks Major Unlikely
Risks related to product counterfeiting and imitation Significant Likely (Unlikely)
Financial risks
Currency risks Major Likely
Risks related to impairment of goodwill/other intangible assets Major (Significant) Possible (Unlikely)
Credit risks Major Unlikely
Interest rate risks Minor Likely
Financing and liquidity risks Minor Unlikely