Adidas 2003 Annual Report Download - page 167

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163
adidas-Salomon SUMMARY OF KEY FINANCIAL DATA: OVERVIEW SINCE IPO
2003 2002 2001 2000 1999 19981) 1997 1996 1995
Balance Sheet Data € in millions
Total assets 4,183 4,261 4,183 4,018 3,587 3,206 2,224 1,288 909
Inventories 1,164 1,190 1,273 1,294 1,045 975 821 556 431
Receivables and other current assets 1,335 1,560 1,520 1,387 1,234 1,026 592 418 288
Working capital 1,433 1,445 1,485 1,417 1,096 (327) 11 284 175
Net total borrowings 946 1,498 1,679 1,791 1,591 1,655 738 174 208
Shareholders’ equity 1,356 1,081 1,015 815 680 463 717 489 295
Balance Sheet Ratios
Equity ratio 32.4% 25.4% 24.3% 20.3% 19.0% 14.4% 32.2% 37.9% 32.4%
Return on equity2) 19.2% 21.1% 20.5% 22.3% 33.5% 44.2% 33.0% 32.9% 42.5%
Financial leverage 69.8% 138.5% 165.5% 219.6% 234.0% 357.2% 103.0% 35.6% 70.6%
Equity-to-fixed-assets ratio 96.1% 75.4% 77.8% 66.2% 54.9% 40.2% 92.1% 205.4% 174.4%
Asset coverage I 197.6% 196.9% 209.3% 207.7% 183.4% 68.3% 98.4% 220.6% 197.5%
Asset coverage II 108.3% 107.6% 105.9% 101.3% 99.5% 37.0% 47.9% 66.1% 55.6%
Current asset intensity of investments 66.3% 66.3% 68.8% 69.3% 65.5% 64.0% 65.0% 79.0% 81.4%
Liquidity I 20.8% 5.5% 6.1% 7.7% 5.5% 2.2% 2.3% 5.9% 3.7%
Liquidity II 100.8% 99.1% 96.0% 90.4% 88.0% 35.9% 33.9% 51.2% 45.7%
Liquidity III 187.4% 185.3% 187.4% 185.0% 171.5% 76.8% 91.1% 127.1% 122.1%
Data Per Share €
Basic earnings per share2) 5.72 5.04 4.60 4.01 5.02 4.52 5.22 3.54 2.76
Operating cash flow 14.32 11.77 8.47 (0.23) 7.24 2.64 0.88 2.26 1.48
Dividend per share 1.003) 1.00 0.92 0.92 0.92 0.84 0.84 0.56 0.13
Dividend payout (in thousands) 45,454 45,423 41,721 41,721 41,721 38,093 38,093 25,396 5,797
Number of outstanding shares at year-end (in thousands) 45,454 45,423 45,349 45,349 45,349 45,349 45,349 45,349 45,349
Share price at year-end 90.30 82.30 84.30 66.00 74.55 90.91 118.88 68.00 38.60
Share price high 91.36 88.95 84.30 73.10 103.00 167.96 139.51 75.67 40.14
Share price low 69.53 64.28 47.70 49.81 67.90 80.73 66.47 38.86 35.92
Employees
Number of employees at year-end 15,686 14,716 13,941 13,362 12,829 12,036 7,993 6,986 5,730
Personnel expenses (€ in millions) 709 758 695 630 580 513 331 240 199
1)Consolidated financial statements for 1998 include the Salomon group for the first time.
2)In 1998 before special effect of € 369 million for acquired in-process research and development – expensed
3)Subject to Annual General Meeting approval