Adidas 2005 Annual Report Download - page 128
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124 Financial Analysis
Dec. 31 Dec. 31 Change
(Note) 2005 20041) in %
Cash and cash equivalents (5) 1,524,916 195,997 678.0
Short-term fi nancial assets (6) 60,949 258,950 (76.5)
Accounts receivable (7) 964,814 1,046,322 (7.8)
Inventories (8) 1,230,003 1,155,374 6.5
Other current assets (9) 585,937 378,303 54.9
Total current assets 4,366,619 3,034,946 43.9
Property, plant and equipment, net (10) 424,354 367,928 15.3
Goodwill, net (11) 436,312 572,426 (23.8)
Other intangible assets, net (12) 91,241 96,312 (5.3)
Long-term fi nancial assets (13) 114,270 93,134 22.7
Deferred tax assets (27) 195,211 166,539 17.2
Other non-current assets (14) 122,234 102,599 19.1
Total non-current assets 1,383,622 1,398,938 (1.1)
Total assets 5,750,241 4,433,884 29.7
Short-term borrowings (15) – 185,837 (100.0)
Accounts payable 684,077 591,689 15.6
Income taxes (27) 282,736 167,334 69.0
Accrued liabilities and provisions (16) 633,695 558,121 13.5
Other current liabilities (17) 189,906 195,884 (3.1)
Total current liabilities 1,790,414 1,698,865 5.4
Long-term borrowings (15) 1,035,115 933,949 10.8
Pensions and similar obligations (18) 147,925 128,676 15.0
Deferred tax liabilities (27) 42,185 77,915 (45.9)
Other non-current liabilities (19) 22,289 30,784 (27.6)
Total non-current liabilities 1,247,514 1,171,324 6.5
Share capital 129,950 117,399 10.7
Reserves 700,004 (104,905) 767.3
Retained earnings 1,853,883 1,531,403 21.1
Shareholders’ equity (21) 2,683,837 1,543,897 73.8
Minority interests (20) 28,476 19,798 43.8
Total equity 2,712,313 1,563,695 73.5
Total liabilities and equity 5,750,241 4,433,884 29.7
The accompanying notes are an integral part of these consolidated fi nancial statements.
1) Restated due to application of IAS 32/IAS 39 and amendment to IAS 19 (see notes 20, 15 and 2, respectively)
Consolidated Balance Sheet € in thousands