Adidas 2005 Annual Report Download - page 159

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155
Consolidated Financial Statements (IFRS)
Europe1) North America1) Asia1) Latin America1)
2005 2004 2005 2004 2005 2004 2005 2004
Net sales 3,179 3,095 1,606 1,379 1,526 1,195 319 224
Intersegment sales 13 27 45 47 3 3 0 0
Net sales to third parties 3,166 3,068 1,561 1,332 1,523 1,192 319 224
Gross profi t 1,542 1,434 568 483 752 593 130 87
in % of net sales 48.5% 46.3% 35.4% 35.0% 49.3% 49.7% 40.6% 39.0%
Operating profi t2) 365 291 13 2 162 130 41 27
Assets 1,376 1,203 325 267 617 456 176 113
Liabilities 553 467 243 138 348 302 88 54
Capital expenditure 57 43 51 26 37 22 5 1
Amortization and depreciation (excl. goodwill amortization) 43 28 26 20 19 15 2 1
Segmental Information by Region € in millions
HQ/Consolidation1) Total Continuing Operations Discontinued Operations adidas Group
2005 2004 2005 2004 2005 2004 2005 2004
Net sales 2,507 2,206 9,137 8,099 538 940 9,675 9,039
Intersegment sales 2,441 2,162 2,501 2,239 178 322 2,679 2,561
Net sales to third parties 66 44 6,636 5,860 360 618 6,996 6,478
Gross profi t 205 216 3,197 2,813 137 245 3,334 3,058
in % of net sales 48.2% 48.0% 38.1% 39.6% 47.7% 47.2%
Operating profi t2) 126 135 707 584 (21) (7) 686 577
Assets 3,256 1,741 5,750 3,780 0 654 5,750 4,434
Liabilities 1,725 1,669 2,957 2,630 0 169 2,957 2,799
Capital expenditure 50 29 200 121 11 19 211 140
Amortization and depreciation (excl. goodwill amortization) 22 30 112 95 3 7 115 102
1) Figures refl ect continuing operations as a result of the divestiture of the Salomon segment.
2) 2004 fi gures have been adjusted to refl ect the changes in IFRS.
Notes – Additional Information