Adidas 1996 Annual Report Download - page 42

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ADIDAS AG AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
At December 31,
(in thousands of DM) Note 1996 1995
Assets
Cash and cash equivalents (17) 83,976 40,835
Inventories (4) 1,088,048 843,027
Receivables and other current assets (5) 817,807 562,828
Total current assets 1,989,831 1,446,690
Property and equipment, net (6) 241,091 198,632
Intangible and other assets (7) 224,625 132,001
Total assets (16) 2,455,547 1,777,323
Liabilities and shareholders’ equity
Short-term borrowings and current portion of long-term liabilities (8) 465,940 428,875
Accounts payable 529,340 358,451
Other current liabilities (9) 439,120 316,314
Total current liabilities 1,434,400 1,103,640
Long-term bank borrowings (10) 4,941 19,144
Deferred taxes 3,376 2,762
Other long-term liabilities (13) 62,818 54,621
Minority interests 45,684 20,570
Shareholders’ equity (11) 904,328 576,586
Total liabilities and shareholders’ equity 2,455,547 1,777,323
42
See accompanying notes to the consolidated financial statements