Reebok 2015 Annual Report Download - page 229

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4
CONSOLIDATED FINANCIAL STATEMENTS
Notes – Notes to the Consolidated Statement of Financial Position
This line item within equity comprises the non-controlling interests in several subsidiaries which are not
directly or indirectly attributable to adidas AG.
Non-controlling interests are assigned to six subsidiaries as at December 31, 2015 and 2014, respectively
SEE ATTACHMENT II TOTHE CONSOLIDATED FINANCIAL STATEMENTS SEE SHAREHOLDINGS OF ADIDASAG,
HERZOGENAURACH, P. 250. These subsidiaries were partly acquired in connection with the acquisition of
Reebok and partly through purchases or foundations in the last years.
With respect to the consolidated financial statements of adidas AG, on a single basis, no subsidiary has
a material non-controlling interest.
As at December 31, 2015, signed purchase agreements which become effective as of January 2016 exist
for the non-controlling interests of Life Sport Ltd. and adidas Levant Limited. The adidas Group acquires
34% of Life Sport Ltd. and 45% of adidas Levant Limited. In accordance with the requirements of IAS 32,
financial liabilities were recognised in the amount of the purchase prices. The difference between the
purchase prices and the non-controlling interests was directly recognised in shareholders’ equity.
For the following subsidiaries with non-controlling interests the main financial information is presented
combined.
SUBSIDIARIES WITH MATERIAL NON-CONTROLLING INTERESTS
Legal entity name Principle place of business Ownership interests held by
non-controlling interests
in %
Dec. 31, 2015 Dec. 31, 2014
adidas Levant Limited Levant 45% 45%
adidas Levant Limited – Jordan Jordan 45% 45%
Life Sport Ltd. Israel 49% 49%
Reebok India Company India 6.85% 6.85%
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NON-CONTROLLING
INTERESTS