- 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 5 of 7
EBITDA grows 49%
The Group’s earnings before interest, taxes, depreciation and amortisation as well as impairment/reversal of impairment losses on property, plant and equipment and intangible assets (EBITDA) increased 49% to € 1.159 billion in 2010 (2009: € 780 million) see 
22. Depreciation and amortisation expense for tangible and intangible assets with limited useful lives declined 12% to € 263 million in 2010 (2009: € 299 million). This development was mainly a result of lower impairment charges in 2010 compared to the prior year as well as the decrease in capital expenditure in 2009. In accordance with IFRS, intangible assets with indefinite useful lives (goodwill and trademarks) are tested annually and additionally when there are indications of potential impairment. In this connection, no impairment of intangible assets with unlimited useful lives was incurred in 2010 and 2009.
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21 Other operating expenses by area € in millions |
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22
€ in millions |
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| 1) | Including Reebok, Rockport and Reebok-CCM Hockey from February 1, 2006 onwards. |
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23
€ in millions |
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| 1) | Including Reebok, Rockport and Reebok-CCM Hockey from February 1, 2006 onwards. |
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24 Operating profit by quarter € in millions |
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25
in % |
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| 1) | Including Reebok, Rockport and Reebok-CCM Hockey from February 1, 2006 onwards. |
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