Reebok 2014 Annual Report Download - page 260

adidas Group
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2014 Annual Report
Additional Information
256
2014
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05.1
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Ten-Year Overview
Rounding differences may arise in percentages and totals.
1) 2011 restated according to IAS 8 in the 2012 consolidated financial statements.
2) Including Reebok, Rockport and Reebok-CCM Hockey from February 1, 2006 onwards.
3) 2014 and 2013 reflect continuing operations as a result of the planned divestiture of the Rockport business.
4) 2005 reflects continuing operations as a result of the divestiture of the Salomon business segment.
5) 2014 excluding goodwill impairment of € 78 million.
6) 2013 excluding goodwill impairment of € 52 million.
7) 2012 excluding goodwill impairment of € 265 million.
8) Includes income from continuing and discontinued operations.
9) 2014 and 2013 net sales for Rockport are reflected within discontinued operations.
10) Figures adjusted for 1: 4 share split conducted on June 6, 2006.
11) Subject to Annual General Meeting approval.
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Ten-Year Overview (continued)
2014 2013 2012
Balance Sheet Ratios
Net borrowings/EBITDA 3) 4) 0.1 (0.2) (0.3)
Average operating working capital in % of net sales 3) 22.4% 21.3% 20.0%
Financial leverage 3.3% (5.4%) (8.5%)
Equity ratio 45.3% 47.3% 45.5%
Equity-to-fixed-assets ratio 110.9% 115.8% 111.1%
Asset coverage I 158.7% 145.0% 152.7%
Asset coverage II 105.9% 93.2% 100.4%
Fixed asset intensity of investments 40.8% 40.9% 41.0%
Current asset intensity of investments 59.2% 59.1% 59.0%
Liquidity I 38.6% 34.4% 44.3%
Liquidity II 83.0% 72.6% 82.9%
Liquidity III 140.7% 128.3% 139.7%
Working capital turnover 3) 4.9 6.7 5.9
Return on equity 8) 8.7% 14.3% 9.9%
Return on capital employed 8) 13.8% 23.6% 19.3%
Data Per Share 10)
Share price at year-end (in €) 57.62 92.64 67.33
Basic earnings 5) 6) 7) 8) (in €) 2.72 4.01 3.78
Diluted earnings 5) 6) 7) 8) (in €) 2.72 4.01 3.78
Price/earnings ratio at year-end 5) 6) 7) 8) 21.2 23.1 17.8
Market capitalisation at year-end (€ in millions) 11,773 19,382 14,087
Net cash generated from operating activities 8) (in €) 3.36 3.03 4.50
Dividend (in €) 1.50 11) 1.50 1.35
Dividend payout ratio 5) 6) 7) 8) (in %) 53.9 37.4 35.7
Number of shares outstanding at year-end (in thousands) 204,327 209,216 209,216
Employees
Number of employees at year-end 3) 4) 53,731 49,808 46,306
Personnel expenses 3) 4) (€ in millions) 1,842 1,833 1,872