Adidas 2000 Annual Report Download - page 107

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adidas-Salomon ANNUAL REPORT 2000
103
Glossary
Return This is an indicator of the Company’s
on capital profitability related to the total financing.
employed It is calculated by dividing income before
taxes, minority interests and the financial
and extraordinary results by capital
employed (defined as the average of
shareholders’ equity plus minority
interests plus net total borrowings for
the year).
Return on equity This indicates the Company’s profitability
related to the shareholders’ financing.
It is calculated by dividing net income by
shareholders’ equity.
Risk The process of analyzing the Company’s
management exposure to risk and determining how to
best reduce, control and transfer it as
appropriate.
Segmental
Provides information on the financial position,
reporting results of operations in individual operating
areas and regions (segments). This gives an
indication of developments in the individual
segments
and their contribution to the
Group’s results.
Shareholder Management concept that focuses strategic
value and operational decision-making on steadily
increasing the Company’s value for share-
holders.
Sourcing The process of managing our suppliers in
order to be able to deliver the final product
to our customers.
Standing The SIC rules on controversial accounting
Interpretations issues. Its interpretations are approved by
Committee (SIC) the International Accounting Standards
Committee (IASC) and, once adopted, are
binding on all IAS users.
Supply chain The process of developing, producing and
transporting our products to customers.
Sustainable Refers to a business practice which aims
development to meet the needs of the present without
compromising the ability of future generations
to meet their own needs.
Vertical retailer Fully integrated sporting goods supplier,
producing goods with genuine concept
and design only for own-retail activities.