Reebok 2015 Annual Report Download - page 250

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4
CONSOLIDATED FINANCIAL STATEMENTS
Notes – Additional Information
Commitments with respect to promotion and advertising contracts maturing after five years have remaining
terms of up to 15 years from December 31, 2015.
Compared to December 31, 2014, commitments for promotion and advertising contracts mainly
increased due to the prolongation of the existing partnership with FC Bayern München.
Information regarding commitments under lease and service contracts is also included in these Notes
SEE NOTE 28.
Litigation and other legal risks
The Group is currently engaged in various lawsuits resulting from the normal course of business, mainly in
connection with distribution agreements as well as intellectual property rights. The risks regarding these
lawsuits are covered by provisions when a reliable estimate of the amount of the obligation can be made
SEE NOTE 20. In the opinion of Management, the ultimate liabilities resulting from such claims will not
materially affect the assets, liabilities, financial position and profit or loss of the Group.
In connection with the financial irregularities at Reebok India Company in 2012, various legal uncertainties
were identified. The risks cannot be assessed conclusively. However, based on legal opinions and internal
assessments, Management assumes that the effects will not have any material influence on the assets,
liabilities, financial position and profit or loss of the Group.
According to the definitions of IAS 24 ‘Related Party Disclosures’, the Supervisory Board and the Executive
Board of adidas AG were identified as related parties who solely received remuneration in connection with
their function as key management personnel. For information about the remuneration of the Supervisory
Board and the Executive Board of adidas AG SEE NOTE 40 and SEE COMPENSATION REPORT, P. 36.
In addition, adidas Pension Trust e.V., a registered association, is regarded as a related party. Based
on a Contractual Trust Arrangement, adidas Pension Trust e.V. manages the plan assets in the form of
an administrative trust to fund and protect part of the pension obligations of adidas AG SEE NOTE 24.
Employees, senior executives and members of the Executive Board of adidas AG can be members of the
registered association. adidas AG has the right to claim a refund of pension payments from adidas Pension
Trust e.V. under specific contractually agreed conditions.
Employees
The average numbers of employees (continuing operations) are as follows:
EMPLOYEES
Year ending
Dec. 31, 2015
Year ending
Dec. 31, 2014
Own retail 32,249 30,785
Sales 3,955 4,095
Logistics 6,023 6,034
Marketing 4,536 3,999
Central administration 4,660 4,569
Production 1,366 1,499
Research and development 984 1,036
Information technology 1,147 1,108
Total 54,921 53,125
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RELATED PARTY
DISCLOSURES
40
OTHER
INFORMATION