Reebok 2015 Annual Report Download - page 219

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CONSOLIDATED FINANCIAL STATEMENTS
Notes – Notes to the Consolidated Statement of Financial Position
Other current liabilities consist of the following:
OTHER CURRENT LIABILITIES
€ in millions Dec. 31, 2015 Dec. 31, 2014
Tax liabilities other than income taxes 111 105
Liabilities due to personnel 57 48
Liabilities due to social security 21 20
Deferred income 33 30
Customers with credit balances 54 42
Sundry 55 42
Other current liabilities 331 287
Other non-current financial liabilities consist of the following:
OTHER NON-CURRENT FINANCIAL LIABILITIES
€ in millions Dec. 31, 2015 Dec. 31, 2014
Currency options 0 2
Forward exchange contracts 0 –
Finance lease obligations 6 7
Sundry 12 0
Other non-current financial liabilities 18 9
The increase in the line item ‘Sundry’ mainly relates to the earn-out components for Runtastic. For further
information about currency options and forward exchange contracts SEE NOTE 29. For information
about finance lease obligations SEE NOTE 28. For further information about earn-out components
SEE NOTE 04.
The Group has recognised post-employment benefit obligations arising from defined benefit plans. The
benefits are provided pursuant to the legal, fiscal and economic conditions in each respective country and
mainly depend on the employees’ years of service and remuneration.
PENSIONSAND SIMILAR OBLIGATIONS
€ in millions Dec. 31, 2015 Dec. 31, 2014
Liability arising from defined benefit pension plans 246 271
Similar obligations 26 14
Pensions and similar obligations 273 284
Defined contribution pension plans
The total expense for defined contribution plans amounted to € 59 million in 2015 (2014: € 46 million).
Defined benefit pension plans
Given the diverse Group structure, different defined benefit pension plans exist, comprising a variety
of post-employment benefit arrangements. The Group’s major defined benefit pension plans relate to
adidas AG and its subsidiaries in the UK and South Korea. The defined benefit pension plans generally
provide payments in case of death, disability or retirement to former employees and their survivors. The
obligations arising from defined benefit pension plans are partly covered by plan assets.
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OTHER CURRENT
LIABILITIES
23
OTHER
NON-CURRENT
FINANCIAL
LIABILITIES
24
PENSIONS
AND SIMILAR
OBLIGATIONS