Adidas 1996 Annual Report Download - page 2

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2
ADIDAS GROUP
SELECTED FINANCIAL DATA
(INTERNATIONAL ACCOUNTING STANDARDS)
(DM million) 1996 1995 1994 1993 1992*
Net sales 4,709 3,500 3,196 2,544 2,675
Gross profit 1,877 1,389 1,141 827 796
Gross margin (%) 39.8 39.7 35.7 32.5 29.8
Income (loss) from operations 360 243 90 (27) (152)
Income (loss) from operations (% of net sales) 7.6 6.9 2.8 (1.1) (5.7)
Royalty and commission income 97 100 97 85 75
Financial expenses, net 13 47 36 33 58
Income (loss) before taxes and minority interests 444 296 151 25 (135)
Net income (loss) 314 245 117 14 (152)
Net income (loss) (% of net sales) 6.7 7.0 3.7 0.6 (5.7)
Net income (loss) per ordinary share (DM) 6.93 5.40 2.59 0.31 (3.35)
Inventories 1,088 843 687 605 636
Receivables and other current assets 818 563 475 424 398
Total current assets 1,990 1,447 1,200 1,071 1,095
Total assets 2,456 1,777 1,442 1,293 1,309
Working capital 555 343 353 285 252
Total borrowings, net 340 407 300 349 397
Total liabilities 1,506 1,180 1,000 955 1,023
Shareholders’ equity 904 577 423 324 283
Net sales footwear 2,171 1,790 1,749 1,360 1,452
Net sales apparel 2,314 1,528 1,256 1,007 1,051
Net sales hardware 181 131 132 117 118
Net sales Europe 3,111 2,335 2,101 1,860 1,995
Net sales North America 1,026 767 768 490 417
Net sales Asia/Pacific 464 307 243 129 150
Net sales Latin America 108 91 85 65 113
Total net sales of the brand
– adidas 4,709 3,500 3,196 2,544 2,675
– Licensees 1,374 1,450 1,466 1,367 1,249
Number of employees (year-end) 6,986 5,730 5,087 5,096 6,401
* The 1992 IAS financial data included in this table is unaudited.
The Company produced audited accounts for 1992 in accordance with German GAAP.