Currency Studies

Assurance of Learning Exercise 4A
Adidas’ Income Statement for 2009 Currency in
Millions of Euros | : | | Dec 31
2009
EUR | | | | Revenues | | 10,381.0 | | | | TOTAL REVENUES | | 10,381.0 | | | | Cost of Goods Sold | | 5,669.0 | | | | GROSS PROFIT | | 4,712.0 | | | | Selling General & Admin Expenses, Total | | 1,376.0 | | | | Other Operating Expenses | | 2,796.0 | | | | OTHER OPERATING EXPENSES, TOTAL | | 4,172.0 | | | | OPERATING INCOME | | 540.0 | | | | Interest Expense | | -138.0 | | | | Interest and Investment Income | | 16.0 | | | | Other Non-Operating Expenses, Total | | -28.0 | | | | Other Non-Operating Income (Expenses) | | -3.0 | | | | Impairment of Goodwill | | -- | | | | Gain (Loss) on Sale of Assets | | 3.0 | | | | Other Unusual Items, Total | | -35.0 | | | | EBT, INCLUDING UNUSUAL ITEMS | | 358.0 | | | | Income Tax Expense | | 113.0 | | | | Minority Interest in Earnings | | -- | | | | Earnings from Continuing Operations | | 245.0 | | | | NET INCOME | | 245.0 | | | | NET INCOME TO COMMON INCLUDING EXTRA ITEMS | | 245.0 | | | | NET INCOME TO COMMON EXCLUDING EXTRA ITEMS | | 245.0 | | | |

Adidas’ Balance Sheet for 2009 Currency in
Millions of Euros | | Dec 31
2009
EUR | Assets | | Cash and Equivalents | 775.0 | Short-Term Investments | 58.0 | Trading Asset Securities | 75.0 | TOTAL CASH AND SHORT TERM INVESTMENTS | 908.0 | Accounts Receivable | 1,429.0 | Other Receivables | 169.0 | Inventory | 1,471.0 | Prepaid Expenses | 208.0 | Other Current Assets | 300.0 | TOTAL CURRENT ASSETS | 4,485.0 | NET PROPERTY PLANT AND EQUIPMENT | 723.0 | Long-Term Investments | 107.0 | Goodwill | 1,478.0 | Other Intangibles | 1,502.0 | Other Long-Term Assets | 168.0 | TOTAL ASSETS | 8,875.0 | | | LIABILITIES & EQUITY | | Accounts Payable | 1,166.0 | Accrued Expenses |