adidas AG

Consolidated Balance Sheet
in Euro Millions
Yr Ending Projected
12/31/2009 12/31/2010

Projected
Projected
12/31/2011 12/31/2012

Projected
12/31/2013

Cash and cash equivalents
Short-term financial assets
Accounts receivable
Other current financial assets
Inventories
Income tax receivables
Other current assets
Assets classified as held for sale
Total Current Assets   

775
75
1,429
160
1,471
89
360
126
4,485

853
83
1,572
176
1,618
98
396
139
4,934

955
92
1,761
197
1,812
110
444
155
5,526

1,098
106
2,025
227
2,084
126
510
179
6,354

1,318
128
2,430
272
2,501
151
612
214
7,625

Property, plant and equipment
Goodwill
Trademarks
Other intangible assets
Long-term financial assets
Other non-current financial assets
Deferred tax assets
Other non-current assets
Total Non-Current Assets   

723
1,478
1,342
160
91
58
412
126
4,390

795
1,626
1,476
176
100
64
453
139
4,829

891
1,821
1,653
197
112
71
508
155
5,408

1,024
2,094
1,901
227
129
82
584
179
6,220

1,229
2,513
2,282
272
155
99
700
214
7,464

TOTAL ASSETS

8,875

9,763

10,934

12,574

15,089

Short-term borrowings
Accounts payable
Other current financial liabilities
Income taxes
Provisions
Accrued liabilities
Other current liabilities
Total Current Liabilities 

198
1,166
101
194
320
625
232
2,386

218
1,283
111
213
352
688
255
2,625

244
1,437
124
239
394
770
286
2,940

281
1,652
143
275
453
886
329
3,380

337
1,982
172
330
544
1,063
394
4,057

Long-term borrowings
Other non-current financial liabilities
Pensions and similar obligations
Deferred tax liabilities
Non-current provisions
Non-current accrued liabilities
Other non-current liabilities
Total Non-Current Liabilities

1,569
25
157
433
29
22
28
2,263

1,726
28
173
476
32
24
31
2,489

1,933
31
193
533
36
27
34
2,788

2,223
35
222
613
41
31
40
3,206

2,668
43
267
736
49
37
48
3,847

Share capital
Reserves
Retained earnings
Shareholders’ equity
Minority interests
Total Shareholders' Equity    

209
212
3,350
3,771
5
3,776

230
233
3,685
4,148
6
4,154

257
261
4,127
4,646
6
4,652

296
300
4,746
5,343
7
5,350

355
360
5,696
6,411
9
6,420

TOTAL LIABILITIES and
SHAREHOLDERS' EQUITY

8,875

9,763

10,934

12,574

15,089