Reebok 2015 Annual Report Download - page 244

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4
CONSOLIDATED FINANCIAL STATEMENTS
Notes – Additional Information
EARNINGS PER SHARE
Year ending
Dec. 31, 2015
Year ending
Dec. 31, 2014
Net income from continuing operations
(€ in millions) 686 564
Net income attributable to non-controlling interests
(€ in millions) 6 6
Net income from continuing operations attributable to shareholders
(€ in millions) 680 558
Weighted average number of shares 201,536,418 208,776,457
Basic and diluted earnings per share from continuing operations
(in €) 3.37 2.67
Net income attributable to shareholders
(€ in millions) 634 490
Weighted average number of shares 201,536,418 208,776,457
Basic and diluted earnings per share from continuing and discontinued
operations (in €) 3.15 2.35
For further information on basic and diluted earnings per share from discontinued operations
SEE NOTE 03.
ADDITIONAL INFORMATION
The Group operates predominantly in one industry segment – the design, distribution and marketing of
athletic and sports lifestyle products.
In connection with the new strategic business plan announced at the beginning of 2015, the Group has
realigned its internal organisational structure and changed the composition of its reportable segments
accordingly. The new organisational structure is based on a Group-wide omni-channel go-to-market
approach. The internal reporting of the Group for management purposes for the brands adidas and
Reebok is now structured by markets rather than by distribution channels. As a consequence, of the
six initial operating segments, the operating segments Wholesale and Retail were replaced by regional
markets. Reflecting this development, the Group has restated the segmental information for the year
ending December 31, 2014.
As at December 31, 2015, following the Group’s new internal management reporting by markets and
in accordance with the definition of IFRS 8 ‘Operating Segments’, 13 operating segments were identified:
Western Europe, North America, Greater China, Russia/CIS, Latin America, Japan, Middle East, South
Korea, Southeast Asia/Pacific, TaylorMade-adidas Golf, Reebok-CCM Hockey, Runtastic and Other
centrally managed businesses. Due to the divestiture of the Rockport operating segment on July 31, 2015,
income and expenses of the Rockport operating segment are reported as discontinued operations as at
December 31, 2015 and 2014, respectively. The markets Middle East, South Korea and Southeast Asia/
Pacific were aggregated to the segment MEAA (’Middle East, Africa and other Asian markets’). According
to the criteria of IFRS 8 for reportable segments, the business segments Western Europe, North America,
Greater China, Russia/CIS, Latin America, Japan and MEAA are reported separately. The remaining operating
segments are aggregated under Other Businesses due to their only subordinate materiality. Historic and
estimated future economic indicators that have been assessed in determining that the aggregated operating
segments share similar characteristics were profitability characteristics on net margin and contribution
level, Gross Domestic Product (GDP) growth rates as well as consumer price inflation.
Each market comprises all wholesale, retail and e-commerce business activities relating to the
distribution and sale of adidas and Reebok products to retail customers and end consumers.
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SEGMENTAL
INFORMATION