- 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
35 Events after the Balance Sheet Date
Group-Specific Subsequent Events
Effective January 2008, the adidas Group acquired additional shares of its subsidiary in Greece, adidas Hellas A. E ., Thessaloniki.
Effective January 3, 2008, adidas Canada acquired 100 % of the shares of Saxon Athletic Manufacturing Inc. for a purchase price in the amount of CAD 4.6 million. Based in Brantford / Ontario (Canada), Saxon Athletic is a design, development, marketing and manufacturing company for team uniforms worn by professional and amateur teams throughout North America. The purchase price allocation is not finalized so far.
On January 29, 2008, adidas AG announced the launch of a share buyback program. Treasury shares of up to 5 % of the Company’s stock (up to 10,182,248 shares) with an aggregate value of up to € 420 million (excluding incidental purchasing costs) shall be repurchased, exclusively via the stock exchange. adidas AG intends to cancel the repurchased shares, thus reducing its stock capital.
Effective February 11, 2008, TaylorMade-adidas Golf divested the Maxfli brand. The divested business accounted for approximately 1 % of TaylorMade-adidas Golf sales in 2007.
Date of Authorization for Issue
The Executive Board of adidas AG approved the consolidated financial statements for submission to the Supervisory Board on February 15, 2008. It is the Supervisory Board’s task to examine the consolidated financial statements and give their approval and authorization for issue.
Herzogenaurach, February 15, 2008
The Executive Board of adidas AG
