Reebok 2014 Annual Report Download - page 225

adidas Group
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2014 Annual Report
Consolidated Financial Statements
221
2014
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04.8
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Notes
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Notes to the Consolidated Statement of Financial Position
The expected payments for the 2015 financial year amount to € 12 million. Thereof, € 7 million relates to benefits
directly paid to pensioners by the Group companies and € 4 million to employer contributions paid into the plan
assets. In 2014, the actual return on plan assets was € 6 million (2013: € 6 million).
Composition of plan assets
(€ in millions) Dec. 31, 2014 Dec. 31, 2013
Cash and cash equivalents 31 14
Equity instruments 51 28
Bonds 41 11
Real estate 1 1
Pension plan reinsurance 27 25
Insurance policies 5 4
Other assets 0 0
Fair value of plan assets 157 83
All equities and bonds are traded freely and have a quoted market price in an active market. The other assets
consist predominantly of foreign insurance products.
At each balance sheet date, the company analyses the over- or underfunding and, where appropriate, adjusts
the composition of plan assets.
Other non-current liabilities consist of the following:
Other non-current liabilities
(€ in millions) Dec. 31, 2014 Dec. 31, 2013
Liabilities due to personnel 5 7
Deferred income 29 22
Sundry 1 0
Other non-current liabilities 35 29
The nominal capital of adidas AG (‘the company’) has remained unchanged since December 31, 2013. As at the
balance sheet date, and in the period beyond, up to and including February 13, 2015, it amounted to € 209,216,186
divided into 209,216,186 registered no-par-value shares (‘registered shares’) and is fully paid in.
Each share grants one vote and is entitled to dividends starting from the beginning of the year it was issued.
Treasury shares held directly or indirectly are not entitled to dividend payment in accordance with § 71b German
Stock Corporation Act (Aktiengesetz – AktG). At the balance sheet date, and in the period beyond, up to and
including February 13, 2015, the company holds 4,889,142 treasury shares, corresponding to a notional amount of
€ 4,889,142 in the nominal capital and consequently 2.34% of the nominal capital.
Authorised Capital
The Executive Board of adidas AG did not utilise the existing amounts of authorised capital of up to € 95 million
in the 2014 financial year or in the period beyond the balance sheet date up to and including February 13, 2015.
The authorised capital of the company, which is set out in § 4 sections 2, 3 and 4 of the Articles of Association as
at the balance sheet date, entitles the Executive Board, subject to Supervisory Board approval, to increase the
nominal capital
until June 30, 2018
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by issuing new shares against contributions in cash once or several times by no more than € 50 million and,
subject to Supervisory Board approval, to exclude residual amounts from shareholders’ subscription rights
(Authorised Capital 2013/I);
until June 30, 2016
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by issuing new shares against contributions in kind once or several times by no more than € 25 million and,
subject to Supervisory Board approval, to exclude shareholders’ subscription rights (Authorised Capital 2013/II);
25
Other non-current
liabilities
26
Shareholders’ equity