Adidas 2000 Annual Report Download - page 109

Download and view the complete annual report

Please find page 109 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

adidas-Salomon ANNUAL REPORT 2000
105
Financial Highlights: Five Year Overview
(euros in millions)
2000 1999 1998 2) 1997 1) 1996 1)
Balance Sheet Data
Total assets 4,018 3,587 3,206 2,224 1,288
Inventories 1,294 1,045 975 821 556
Receivables and other current assets 1,387 1,234 1,026 592 418
Working capital 1,417 1,096 (327) 11 284
Net total borrowings 1,791 1,591 1,655 738 174
Shareholders’ equity 815 680 463 717 489
Balance Sheet Ratios
Financial leverage 219.6% 234.0% 357.2% 103.0% 35.6%
Equity ratio 20.3% 19.0% 14.4% 32.2% 37.9%
Data Per Share
Earnings per share 3) 4.01 5.02 4.52 5.22 3.54
Operating cash flow (0.23) 7.24 2.64 0.88 2.26
Dividend per ordinary share 0.92 4) 0.92 0.84 0.84 0.56
Number of outstanding shares (in thousands) 45,349 45,349 45,349 45,349 45,349
Employees
Number of employees at year-end 13,362 12,829 12,036 7,993 6,986
Personnel expenses 630 580 513 331 240
1) 1997 and 1996 comparatives are restated due to the application of IAS 12 (revised 1996) ‘Income Taxes’.
2) Consolidated financial statements for 1998 include the Salomon group for the first time.
3) In 1998 before special effect of c369 million for acquired in-process research and development – expensed.
4) Dividend proposal – subject to Annual General Meeting approval.