Adidas 2000 Annual Report Download - page 104

Download and view the complete annual report

Please find page 104 of the 2000 Adidas annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 114

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114

100
Accessories Includes products such as headwear, socks
and non-protective gloves.
Athletic A major distribution channel for adidas-
specialty Salomon products in terms of sales. These
retailers stores specialize in merchandising athletic
footwear and apparel products to the 12-24
year-old urban consumer group. Key buying
motivators for these consumers are design
and technology underpinned with strong
marketing activities.
Clearance sales These sales are made outside the course of
normal business, arising from a pre-planned
commercial decision by Management to
make discounts to the list price of articles
(normally post-season) in order to clear
excess stock. This does not include sales
where a price discount is given in the
normal course of trading with the client,
e.g. volume discounts.
Cleated Sports category comprising American
football, baseball and rugby.
Commercial Tradable unsecured promissory note issued
Paper for purposes of short-term financing. Com-
mercial Paper is issued on an ongoing,
revolving basis with maturities typically
between seven days and 12 months.
Consumer
The end user of adidas-Salomon’s products:
the public at large.
Corporate Describes the distribution of rights and
governance responsibilities among different participants
in the Company, such as the Supervisory
Board, the Executive Board, managers,
shareholders and other stakeholders, and
spells out the rules and procedures for
making decisions on corporate affairs.
Corridor A range of plus or minus 10% around the
approach Company’s best estimate of post-employ-
ment benefit obligations (IAS 19). Outside
that range, it is not reasonable to assume
that actuarial gains or losses will be offset in
future years.
Customer All wholesalers, retailers and key accounts
to whom the adidas-Salomon sales
organizations sell products.
Customization Customization at adidas-Salomon refers to
a pilot program which allows consumers to
create their own unique footwear based on
personal specifications regarding function,
fit and design.
Earnings per A performance indicator that expresses the
share Company’s net income in relation to the
number of ordinary shares issued.
Glossary