Reebok 2015 Annual Report Download - page 215

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211
4
CONSOLIDATED FINANCIAL STATEMENTS
Notes – Notes to the Consolidated Statement of Financial Position
Long-term financial assets primarily include an 8.33% investment in FC Bayern München AG (2014: 8.33%)
of € 81 million (2014: € 80 million). This investment is classified as ‘fair value through profit or loss’ and
recorded at fair value. This equity security does not have a quoted market price in an active market.
Therefore, existing contractual arrangements were used in order to calculate the fair value as at
December 31, 2015.
The line item ‘Investments and other financial assets’ comprises the shares in Immobilieninvest und
Betriebsgesellschaft Herzo-Base GmbH & Co. KG as well as other minority shareholdings amounting to
€ 22 million (2014: € 16 million) which are classified as ‘Available-for-sale’ and measured at amortised cost
as a reliable determination of the fair value is impossible without having concrete negotiations regarding a
sale. These shares are unlisted and do not have an active market. There is no intention to sell these shares.
Additionally, long-term financial assets include investments which are mainly invested in insurance
products and are measured at fair value, as well as other financial assets.
LONG-TERM FINANCIAL ASSETS
€ in millions Dec. 31, 2015 Dec. 31, 2014
Investment in FC Bayern München AG 81 80
Investments and other financial assets 59 49
Long-term financial assets 140 129
Other non-current financial assets consist of the following:
OTHER NON-CURRENT FINANCIAL ASSETS
€ in millions Dec. 31, 2015 Dec. 31, 2014
Currency options 20 10
Forward exchange contracts 2 5
Security deposits 26 27
Promissory notes 42 –
Sundry 10 0
Other non-current financial assets 99 42
For further information about currency options and forward exchange contracts
SEE NOTE 29
. For
information about promissory notes SEE NOTE 03.
Other non-current assets consist of the following:
OTHER NON-CURRENTASSETS
€ in millions Dec. 31, 2015 Dec. 31, 2014
Prepaid expenses 122 99
Sundry 2 6
Other non-current assets 124 105
Prepaid expenses mainly include prepayments for long-term promotion contracts and rents SEE NOTES
38 AND 28.
15
LONG-TERM
FINANCIAL ASSETS
16
OTHER
NON-CURRENT
FINANCIAL ASSETS
17
OTHER
NON-CURRENT
ASSETS