Adidas 2001 Annual Report Download - page 82
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77
Consolidated Accounts
13. Accrued Liabilities and Provisions
Accrued liabilities and provisions consist of the following:
Provisions for marketing mainly consist of provisions for distribution,
such as discounts, rebates and sales commissions, as well as promotion.
The usage of the restructuring provision is mainly related to the restruc-
turing plans in connection with the acquisition of the Salomon group.
These restructuring activities are now finalized.
The balance of restructuring provision as at December 31, 2001 repre-
sents mainly warehousing and production restructuring initiatives within
Europe.
Other accrued liabilities and provisions mainly include items not other-
wise allocated and also anticipated losses from purchase and other trans-
actions and contingent losses from pending lawsuits.
Dec. 31 Currency Usage Release Addition Transfers Dec. 31
(euros in millions) 2000 effect 2001
Goods and services not yet invoiced 86 2 78 8 77 (2) 77
Marketing 80 2 72 5 65 3 73
Payroll, commissions and
employee benefits 62 1 52 3 72 – 80
Returns, allowances, warranty 40 1 26 6 27 – 36
Restructuring 42 – 18 9 5 – 20
Taxes, other than income taxes 8 – 6 1 6 – 7
Other 72 1 22 13 17 (1) 54
Accrued liabilities and provisions 390 7 274 45 269 0 347