Adidas 2001 Annual Report Download - page 79

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74 Consolidated Accounts
8. Property, Plant and Equipment
Property, plant and equipment consist of the following:
Depreciation expense is €80 million and €74 million for the years
ended December 31, 2001 and 2000 respectively.
9. Goodwill
Goodwill primarily relates to the Company’s acquisitions of the Salomon
group and subsidiaries in the United States, Australia/New Zealand and
Netherlands/Belgium.
Goodwill amortization expense is €40 million for the years ended
December 31, 2001 and 2000; thereof €29 million in each year relate to
the acquisition of the Salomon group.
The change in the goodwill primarily relates to the Company’s acquisition
of adidas Danmark A/S.
10. Other Intangible Assets
Other intangible assets consist of the following:
Intangible asset amortization expense is €28 million and €22 million
for the years ended December 31, 2001 and 2000, respectively.
Dec. 31 Dec. 31
(euros in thousands) 2001 2000
Land and buildings 230,746 218,563
Technical equipment and machinery 130,086 112,277
Other equipment, furniture and fittings 285,537 250,242
646,369 581,082
Less: accumulated depreciation 353,771 312,211
292,598 268,871
Advanced payments and
construction in progress, net 85,267 41,197
Property, plant and equipment, net 377,865 310,068
Dec. 31 Dec. 31
(euros in thousands) 2001 2000
Goodwill 766,252 746,077
Thereof relating to the acquisition
of the Salomon group 582,938 582,561
Less: accumulated amortization 186,183 145,049
Goodwill, net 580,069 601,028
Dec. 31 Dec. 31
(euros in thousands) 2001 2000
Software, patents, trademarks
and concessions, gross 173,082 142,209
Less: accumulated amortization 82,080 64,585
91,002 77,624
Advanced payments, net 129 9
Other intangible assets, net 91,131 77,633