Reebok 2015 Annual Report Download - page 224

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4
CONSOLIDATED FINANCIAL STATEMENTS
Notes – Notes to the Consolidated Statement of Financial Position
COMPOSITION OF PLAN ASSETS
€ in millions Dec. 31, 2015 Dec. 31, 2014
Cash and cash equivalents 45 31
Equity instruments 57 51
Bonds 29 41
Real estate 0 1
Pension plan reinsurance 29 27
Insurance policies 13 5
Other assets 1 0
Fair value of plan assets 173 157
All equities and bonds are traded freely and have a quoted market price in an active market.
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, 2015 Dec. 31, 2014
Liabilities due to personnel 6 5
Deferred income 34 29
Sundry 1 1
Other non-current liabilities 40 35
The nominal capital of adidas AG has remained unchanged since December 31, 2014. As at the balance
sheet date, and in the period beyond, up to and including February 15, 2016, 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 15, 2016, the company holds 9,018,769 treasury shares, corresponding
to a notional amount of € 9,018,769 in the nominal capital and consequently 4.31% 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 2015 financial year or in the period beyond the balance sheet date up to and including
February 15, 2016.
The following overview of the existing amounts of authorised capital refers to § 4 sections 2, 3 and 4 of
the Articles of Association and consequently does not include the Authorised Capital 2013/II cancelled by
the Annual General Meeting on May 7, 2015, which had also not been utilised up to May 7, 2015.
The authorised capital of the company entitles the Executive Board, subject to Supervisory Board
approval, to increase the nominal capital
until June 30, 2018
•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);
25
OTHER
NON-CURRENT
LIABILITIES
26
SHAREHOLDERS’
EQUITY