- Intro
- To our Shareholders
- Group Management Report - Our Group
- Group Management Report - Financial Review
- Consolidated Financial Statements
- Responsibility Statement
- Auditor’s Report
- Consolidated Statement of Financial Position
- Consolidated Income Statement
- Consolidated Statement of Comprehensive Income
- Consolidated Statement of Changes in Equity
- Consolidated Statement of Cash Flows
- Notes
- 01 General
- 02 Summary of significant accounting policies
- 03 Acquisition/disposal of subsidiaries as well as assets and liabilities
- 04 Cash and cash equivalents
- 05 Short-term financial assets
- 06 Accounts receivable
- 07 Other current financial assets
- 08 Inventories
- 09 Other current assets
- 10 Assets/liabilities classified as held for sale
- 11 Property, plant and equipment
- 12 Goodwill
- 13 Trademarks and other intangible assets
- 14 Long-term financial assets
- 15 Other non-current financial assets
- 16 Other non-current assets
- 17 Borrowings and credit lines
- 18 Other current financial liabilities
- 19 Other provisions
- 20 Accrued liabilities
- 21 Other current liabilities
- 22 Other non-current financial liabilities
- 23 Pensions and similar obligations
- 24 Other non-current liabilities
- 25 Shareholders’ equity
- 26 Non-controlling interests
- 27 Leasing and service arrangements
- 28 Financial instruments
- 29 Other operating income
- 30 Other operating expenses
- 31 Cost by nature
- 32 Financial income/financial expenses
- 33 Income taxes
- 34 Earnings per share
- 35 Segmental information
- 36 Additional cash flow information
- 37 Commitments and contingencies
- 38 Equity compensation benefits
- 39 Related party disclosures
- 40 Other information
- 41 Information relating to the German Corporate Governance Code
- 42 Events after the balance sheet date
- Statement of Movements of Intangible and Tangible Assets
- Shareholdings
- Kampagne
- Additional Information
- Fit for the Future
Page 2 of 5
Diluted Earnings Per Share (Diluted EPS)
Performance indicator used to gauge a company’s earnings per share, assuming that all stock options and conversion rights related to a convertible bond are exercised, which would result in an increase of the number of shares outstanding.
Diluted EPS = (net income + interest expense on convertible bonds net of tax) / (weighted average number of shares outstanding during the year + weighted share options + shares from assumed conversion of convertible bonds).
Dow Jones Sustainability Index
The Dow Jones Sustainability Index (DJSI) measures companies’ sustainability initiatives, focusing on how a company recognises the risks and opportunities arising from sustainability issues in its business strategy.
E
EBITDA
Earnings before interest, taxes, depreciation, amortisation and impairment losses as well as reversals of impairment losses for tangible and intangible assets.
Emerging markets
Developing countries showing potential for growth in both economic strength and private wealth in the future. For the adidas Group, emerging markets are the developing countries of Asia, Eastern Europe, Latin America and Africa.
Enterprise Resource Planning (ERP)
A business management system that integrates all facets of the business, including planning, manufacturing, sales and marketing.
Equity derivatives
Class of derivatives whose value is at least partly derived from one or more underlying equity securities. Options and futures are by far the most common equity derivatives, however there are many other types of equity derivatives that are actively traded.
Equity ratio
Shows the role of shareholders’ equity within the overall financing structure of a company.
Equity ratio = (shareholders’ equity / total assets) × 100.
Equity-to-fixed-asset ratio
Defines the percentage of non-current assets financed by equity.
Equity-to-fixed-asset ratio = equity / non-current assets.
E-tailer
Retailer that primarily uses the internet as a medium for consumers to shop for the goods or services provided. E-tailers optimise the internet potential to attract, convert and retain consumers.
F
Fair Factories Clearinghouse
The Fair Factories Clearinghouse (FFC) was established in 2004 with the purpose of improving social, environmental and security standards and helping create humane working conditions for workers making consumer goods globally. Membership includes many sporting and consumer goods companies as well as a wide range of consumer goods suppliers see also www.fairfactories.org.
Fair Labor Association (FLA)
The Fair Labor Association (FLA), a non-profit labour rights organisation, is a multi-stakeholder initiative bringing together companies, colleges and universities, and civil society organisations to improve working conditions worldwide by promoting adherence to international and national labour laws see also www.fairlabor.org.
Fair value
Amount at which assets are traded fairly between business parties. Fair value is often identical to market price.
Finance lease
Method of acquiring an asset that involves a lease with a special leasing company for a specific, non-terminable initial leasing term. The investment risk is borne by the lessee.
Financial leverage
Ratio reflecting the role of borrowings within the financing structure of a company.
Financial leverage = (net borrowings / shareholders’ equity) × 100.
Forward contract
Agreement to exchange amounts of one currency for another currency at an agreed fixed rate at a future date.
Franchising
Form of business by which the owner (franchisor) of a product, service or method obtains distribution through affiliated dealers (franchisees). The franchisor offers assistance in organising, training, merchandising, marketing and managing in return for a monetary consideration.
Free cash flow
Cash that is generated by a company’s operating activities after the deduction of capital expenditure and other cash expenses such as taxes and interest from the operating profit.
Free cash flow = operating profit + depreciation and amortisation (incl. goodwill) +/– changes in operating working capital – capital expenditure +/- non-operating components.
G
German Co-Determination Act
Mitbestimmungsgesetz (MitbestG). This act governs the form of co-determination of employees in corporations employing more than 2,000 employees. It stipulates, among other things, that such a corporation’s Supervisory Board must be composed of an equal number of employee and shareholder representatives.
Goodwill
Intangible asset that quantifies the price that a buyer of a company has paid for the reputation, know-how and market position of the acquired company. Goodwill is the excess of the amount paid over the fair value of the net assets acquired at the purchase date.
Go-to-market
All instruments, tools and channels used to connect with consumers in order to best fulfil their needs.
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