Adidas 2005 Annual Report Download - page 171

167
Supplementary Information
2005 2004 2003 2002 2001 2000 1999 19981) 1997 1996
Balance Sheet Ratios
Financial leverage4) (20.5%) 43.1% 79.2% 138.5% 165.5% 219.6% 234.0% 357.2% 103.0% 35.6%
Equity ratio4) 46.7% 34.8% 30.7% 25.4% 24.3% 20.3% 19.0% 14.4% 32.2% 37.9%
Equity-to-fi xed-assets ratio4) 194.0% 110.4% 91.1% 75.4% 77.8% 66.2% 54.9% 40.2% 92.1% 205.4%
Asset Coverage I4) 284.1% 194.1% 197.6% 196.9% 209.3% 207.7% 183.4% 68.3% 98.4% 220.6%
Asset Coverage II4) 150.4% 106.3% 108.3% 107.6% 105.9% 101.3% 99.5% 37.0% 47.9% 66.1%
Fixed asset intensity of investments 24.1% 31.6% 33.7% 33.7% 31.2% 30.7% 34.5% 36.0% 35.0% 18.5%
Current asset intensity of investments 75.9% 68.4% 66.3% 66.3% 68.8% 69.3% 65.5% 64.0% 65.0% 79.0%
Liquidity I4) 88.6% 26.8% 20.8% 5.5% 6.1% 7.7% 5.5% 2.2% 2.3% 5.9%
Liquidity II4) 142.5% 88.4% 100.8% 99.1% 96.0% 90.4% 88.0% 35.9% 33.9% 51.2%
Liquidity III4) 211.2% 156.4% 187.4% 185.3% 187.4% 185.0% 171.5% 76.8% 91.1% 127.1%
Working capital turnover4) 2.6 4.4 4.4 4.5 4.1 4.1 4.9 (15.5) 319.0 8.5
Return on equity3)4) 14.3% 20.4% 20.2% 21.1% 20.5% 22.3% 33.5% 44.2% 33.0% 32.9%
Return on capital employed3) 4) 49.3% 27.5% 22.1% 16.8% 16.7% 17.0% 20.7% 20.5% 35.8% 35.2%
Data Per Share
Share price at year-end (in €) 160.00 118.75 90.30 82.30 84.30 66.00 74.55 90.91 118.88 68.00
Basic earnings per share3) (in €) 8.19 6.88 5.72 5.04 4.60 4.01 5.02 4.52 5.22 3.54
Diluted earnings per share3) (in €) 7.73 6.54 5.72 5.04 4.60 4.01 5.02 4.52 5.22 3.54
Market capitalization at year-end (€ in millions) 8,122 5,446 4,104 3,738 3,823 2,993 3,381 4,123 5,391 3,084
Operating cash fl ow (in €) 8.13 11.68 14.32 11.77 8.47 (0.23) 7.24 2.64 0.88 2.26
Dividend per share (in €) 1.305) 1.30 1.00 1.00 0.92 0.92 0.92 0.84 0.84 0.56
Dividend payout ratio (in %) 15.9 18.9 17.5 19.8 20.0 22.9 18.3 18.6 16.1 15.8
Number of outstanding shares at year-end (in thousands) 50,762 45,859 45,454 45,423 45,349 45,349 45,349 45,349 45,349 45,349
Employees
Number of employees at year-end2) 15,935 14,254 15,686 14,716 13,941 13,362 12,829 12,036 7,993 6,986
Personnel expenses2) (€ in millions) 706 637 709 758 695 630 580 513 331 240
1) Consolidated fi nancial statements for 1998 include the Salomon group for the fi rst time.
2) 2004 and 2005 refl ect continuing operations as a result of the divestiture of the Salomon business segment.
3) Includes income from continuing and discontinued operations. In 1998 before special effect of € 369 million for acquired in-process research and development – expensed.
4) 2004 and 2003 fi gures have been restated due to application of IAS 32/IAS 39 and amendment to IAS 19 (see notes 20, 15 and 2, respectively).
5) Subject to Annual General Meeting approval
Ten-Year Overview
Ten-Year Overview