Adidas 2003 Annual Report Download - page 126

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122 FINANCIAL ANALYSIS CONSOLIDATED FINANCIAL STATEMENTS (IFRS) CONSOLIDATED BALANCE SHEET
CONSOLIDATED BALANCE SHEET € in thousands
(Note) Dec. 31 Dec. 31 Change
2003 2002 in %
Cash and cash equivalents (5) 189,503 67,455 180.9
Short-term financial assets (6) 89,411 8,501 951.8
Accounts receivable (7) 1,075,092 1,292,667 (16.8)
Inventories (8) 1,163,518 1,189,933 (2.2)
Other current assets (9) 259,427 267,435 (3.0)
Total current assets 2,776,951 2,825,991 (1.7)
Property, plant and equipment, net (10) 344,554 365,756 (5.8)
Goodwill, net (11) 591,045 638,742 (7.5)
Other intangible assets, net (12) 103,797 115,495 (10.1)
Long-term financial assets (13) 88,408 87,474 1.1
Deferred tax assets (27) 178,484 169,692 5.2
Other non-current assets (14) 104,569 57,661 81.4
Total non-current assets 1,410,857 1,434,820 (1.7)
Total assets 4,187,808 4,260,811 (1.7)
Accounts payable 592,273 668,461 (11.4)
Income taxes (27) 157,764 112,461 40.3
Accrued liabilities and provisions (16) 454,573 450,748 0.8
Other current liabilities (17) 139,095 148,959 (6.6)
Total current liabilities 1,343,705 1,380,629 (2.7)
Long-term borrowings (15) 1,225,385 1,574,046 (22.2)
Pensions and similar obligations (18) 105,264 98,959 6.4
Deferred tax liabilities (27) 65,807 51,398 28.0
Other non-current liabilities (19) 35,278 18,907 86.6
Total non-current liabilities 1,431,734 1,743,310 (17.9)
Minority interests (20) 56,579 55,513 1.9
Shareholders’ equity (21) 1,355,790 1,081,359 25.4
Total liabilities, minority interests and shareholders’ equity 4,187,808 4,260,811 (1.7)
The accompanying notes are an integral part of these consolidated financial statements.