Adidas 2003 Annual Report Download - page 141
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16 /// ACCRUED LIABILITIES AND PROVISIONS
Accrued liabilities and provisions consist of the following:
ACCRUED LIABILITIES AND PROVISIONS € in millions
Dec. 31 Currency Usage Release Addition Dec. 31
2002 translation 2003
differences
Goods and services not yet invoiced 116 (7) 93 14 121 123
Marketing 82 (5) 61 4 80 92
Payroll, commissions and employee benefits 102 (10) 64 9 62 81
Returns, allowances, warranty 45 (5) 29 4 35 42
Restructuring 17 0 6 1 17 27
Taxes, other than income taxes 26 (1) 23 1 9 10
Other 63 (2) 27 13 59 80
Accrued liabilities and provisions 451 (30) 303 46 383 455
Marketing provisions mainly consist of provisions for distribution, such as discounts, rebates
and sales commissions, as well as promotion.
The usage of the restructuring provision was mainly related to warehouses and production
restructuring initiatives within Europe.
The balance of the restructuring provision as at December 31, 2003 mainly represents produc-
tion restructuring initiatives and indemnities in connection with early retirement plans.
Other accrued liabilities and provisions mainly include items not otherwise allocated and
also anticipated losses from purchase and other transactions and contingent losses from pending
lawsuits.
17 /// OTHER CURRENT LIABILITIES
Other current liabilities consist of the following:
OTHER CURRENT LIABILITIES € in thousands
Dec. 31 Dec. 31
2003 2002
Liabilities due to personnel 17,066 14,444
Tax liabilities other than income taxes 18,677 27,680
Liabilities due to social security 20,656 16,576
Currency options 21,289 16,449
Forward contracts 19,700 35,498
Liabilities due to affiliated companies 329 452
Deferred income 1,357 92
Sundry 40,021 37,768
Other current liabilities 139,095 148,959
Information regarding forward contracts and currency options is also included in these notes
(see note 23).
18 /// PENSIONS AND SIMILAR OBLIGATIONS
The Group sponsors and/or contributes to various pension plans. The benefits are provided pur-
suant to the legal, fiscal and economic conditions in each respective country.
The provision for pensions and similar obligations consists of the following:
PENSIONS AND SIMILAR OBLIGATIONS € in thousands
Dec. 31 Dec. 31
2003 2002
Defined benefit plans 94,747 89,391
Thereof:
adidas-Salomon AG 77,195 70,391
Similar obligations 10,517 9,568
Pensions and similar obligations 105,264 98,959
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