Reebok 2015 Annual Report Download - page 218

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CONSOLIDATED FINANCIAL STATEMENTS
Notes – Notes to the Consolidated Statement of Financial Position
Marketing provisions mainly consist of provisions for promotion contracts.
Provisions for personnel mainly consist of provisions for short- and long-term variable compensation
components as well as of provisions for social plans relating to restructuring measures. With regard to
provisions for early retirement, claims for reimbursement in an amount of € 0 million (2014: € 0 million)
are shown under other non-current assets.
Provisions for returns, allowances and warranty primarily arise due to bonus agreements with customers
and the obligation of fulfilling customer claims with regard to the return of products sold by the Group.
The amount of the provision follows the historical development of returns, allowances and warranty as
well as current agreements.
Provisions for taxes other than income taxes mainly relate to value added tax, real estate tax and motor
vehicle tax.
Sundry provisions mainly include provisions for customs risks, earn-out components for Runtastic as
well as provisions for litigation and other legal risks.
The reversal of sundry provisions in 2015 is mainly related to the completion of customs audits and a
risk reassessment.
Management follows past experience from similar transactions when assessing the recognition and
the measurement of other provisions; in particular external legal opinions are considered for provisions
for customs risks and for litigation and other legal risks. All evidence from events until the preparation of
the consolidated financial statements is taken into account.
Accrued liabilities consist of the following:
ACCRUED LIABILITIES
€ in millions Jan. 1,
2015
Currency
translation
differences
Usage Reversals Changes in
companies
consoli-
dated
Additions Transfers Dec. 31,
2015
Thereof
non-
current
Goods and services
not yet invoiced 494 15 (371) (10) – 473 2 604 14
Marketing and
sales 442 19 (340) (16) – 571 12 688 2
Personnel 352 11 (222) (13) 1 341 1 470 99
Sundry 42 1 (35) (0) – 35 (1) 42 6
Accrued liabilities 1,330 47 (969) (38) 11,420 14 1,805 120
Marketing accrued liabilities mainly consist of accruals for distribution, such as discounts, rebates and
sales commissions.
Accrued liabilities for personnel mainly consist of accruals for outstanding salary payments, such as
bonuses and overtime, as well as outstanding vacation.
Sundry accrued liabilities mainly include accruals for promotion contracts as well as accruals for
interest.
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ACCRUED
LIABILITIES