Reebok 2015 Annual Report Download - page 245

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4
CONSOLIDATED FINANCIAL STATEMENTS
Notes – Additional Information
The operating segment TaylorMade-adidas Golf comprises the brands TaylorMade, adidas Golf, Adams
Golf and Ashworth.
Rockport predominantly designs and distributes leather footwear for men and women.
Reebok-CCM Hockey designs, produces and distributes ice hockey equipment such as sticks, skates
and protection gear. In addition, Reebok-CCM Hockey designs, produces and distributes apparel mainly
under the brand names Reebok Hockey and CCM.
Runtastic operates in the digital health and fitness space. The company provides a comprehensive
ecosystem for tracking and managing health and fitness data.
Other centrally managed businesses primarily includes the business activities of the labels Y-3 and
Porsche Design Sport by adidas as well as the business activities of the brand Five Ten in the outdoor action
sports sector. Furthermore, the segment also comprises the own-retail activities of the adidas neo label
as well as International Clearance Management.
Certain centralised Group functions do not meet the definition of IFRS 8 for a reportable operating
segment. This includes functions such as Global Brands and Global Sales (central brand and distribution
management for the brands adidas and Reebok), central treasury, global sourcing as well as other
headquarter departments. Assets, liabilities, income and expenses relating to these corporate functions
are presented together with other non-allocable items and intersegment eliminations in the reconciliations.
The chief operating decision maker for the adidas Group has been defined as the joint Executive Board
of adidas AG.
There are no intersegment sales between the reportable segments. Accounting and valuation
policies applied for reporting segmental information are the same as those used for the adidas Group
SEE NOTE 02.
The results of the operating segments are reported in the line item ‘Segmental operating profit’. This
was formerly defined as gross profit minus costs directly attributable to the segment or the group of
segments (primarily sales and logistics costs) before expenditure for marketing investments and operating
overhead costs not directly attributable. As of January 1, 2015, segmental operating profit is defined as
gross profit minus other operating expenses (including expenditure for marketing investments) plus royalty
and commission income and other operating income attributable to the segment or group of segments
(operating profit).
Segmental assets include accounts receivable as well as inventories. Only these items are reported
to the chief operating decision maker on a regular basis. Depreciation, amortisation, impairment losses
(except for goodwill) and reversals of impairment losses as well as capital expenditures for tangible
and intangible assets are part of the segmental reporting, even though segmental assets do not contain
tangible and intangible assets. Depreciation and amortisation as well as impairment losses and reversals
of impairment losses not directly attributable to a segment or a group of segments are presented under
HQ/Consolidation in the reconciliations.
Segmental liabilities only contain accounts payable from operating activities as there are no other
liability items reported regularly to the chief operating decision maker.
Interest income and interest expenses as well as income taxes are not allocated to the reportable
segments and are not reported separately to the chief operating decision maker.