- Responsibility Statement
- Independent Auditor´s Report
- Consolidated Balance Sheet
- Consolidated Income Statement
- Consolidated Statement of Cash Flows
- Consolidated Statement of Recognized Income and Expense
- Notes
- Statement of Movements of Intangible and Tangible Assets and Financial Assets
- Shareholdings
18 Pensions and Similar Obligations
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The Group has obligations both from defined contribution and defined benefit pension plans. The benefits are provided pursuant to the legal, fiscal and economic conditions in each respective country.
| Pensions and Similar Obligations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| € in millions |
|
Dec. 31 2007 |
Dec. 31 2006 |
|
|
|
||
| Defined benefit plans |
115 | 126 |
| Thereof: adidas AG |
99 | 109 |
| Similar obligations | 9 | 8 |
| Pensions and similar obligations | 124 |
134 |
Defined Contribution Plans
The total expense for defined contribution plans amounted to
€ 39 million in 2007 (2006: € 42 million). All other pension plans are defined benefit plans, which
are partly funded by plan assets.
Defined Benefit Plans
Given the diverse Group structure, different defined benefit plans
exist,
comprising both pension payments and widow’s and orphan’s pensions as well as other
post-employment benefits for employees and members of the Executive Board. These plans are
partly funded.
| Actuarial Ass umptions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
in % |
|
Dec. 31 2007 |
Dec. 31 2006 |
|
|
|
||
| Discount rate | 5,6 | 4,5 |
| Salary increases | 3,5 | 3,5 |
| Pension increases | 1,8 | 1,5 |
| Expected return on plan assets | 5,7 | 3,0 |
