33 Other Information

Print

Employees
The average numbers of employees are as follows:

Employees
 
  2007 Year ending Dec. 31
2006
 
 
Own retail 11,180 6,790
Sales 4,065 5,527
Logistics 4,550 4,000
Marketing 2,842 2,552
Central functions and administration 2,929 2,619
Production 1,910 1,847
Research and development 973 1,014
Information technology 769 718
Total 29,218 25,067
   

Accountant Service Fees

Following the formation of KPMG Europe LLP effective October 1, 2007, KPMG LLP (UK) is an affiliated company of KPMG Germany as defined under § 271 section 2 HGB. The disclosure requirement for audit and accounting services fees provided by KPMG LLP (UK) relate to services rendered after September 30, 2007.

In 2007, adidas AG recorded € 1.2 million (2006: € 0.5 million) as expense for the professional service fee for the auditor of the annual and consolidated financial statements.

Expenses for tax consultancy services provided by the auditor, for other confirmation services provided by the auditor and for other services provided by the auditor amounted to € 0.1 million (2006: € 0.3 million), € 0.0 million (2006: € 0.3 million) and € 0.5 million (2006: € 0.0 million), respectively.


Remuneration of the Supervisory Board and the Executive Board of adidas AG

Supervisory Board
Pursuant to the Articles of Association, Supervisory Board members’ fixed annual payment amounted to € 0.3 million (2006: € 0.3 million). Furthermore, € 0.2 million in 2007 and € 0.5 million in 2006 was paid due to project-related fixed-term advisory contracts to one member of the Supervisory Board in 2007 and two members of the Supervisory Board in 2006, respectively. Total compensation of the Supervisory Board in 2007 thus amounted to € 0.5 million (2006: € 0.8 million).

No members of the Supervisory Board were granted loans in 2007.

EXECUTIVE BOARD
In 2007, the overall compensation of the members of the Executive Board totaled € 11.1 million (2006: € 9.4 million).

In 2007, former members of the Executive Board received pension payments totaling € 1.7 million (2006: € 1.9 million).

Pension provisions for pension obligations relating to former members of the Executive Board amount to € 37.6 million (2006: € 42.1 million) in total.

No members of the Executive Board were granted loans in 2007.

Under the Management Share Option Plan (MSOP) of adidas AG, members of the Executive Board held non-transferable stock options for 0 and 2,800 shares of adidas AG as at December 31, 2007 and 2006, respectively. In addition, former members of the Executive Board held nontransferable stock options on 0 and 1,300 shares of adidas AG as at December 31, 2007 and 2006, respectively. Members of the Executive Board have not received any stock options since 2003. In 2007, current and former members of the Executive Board exercised 4,100 stock options (2006: 12,100). Details of the Management Share Option Plan are also included in these Notes.  see Note 32

Further information on disclosures according to § 314 section 1 no. 6a HGB (German commercial law) is provided in the Compensation Report.  see Compensation Report
 

  • Print page
  • Save as PDF
  • Add to Cart
  • Recommend Page