Annual Report Analysis for Adidas
2011
Annual Report Analysis for Adidas
Prepared for Professor Tabor
Prepared by Jena Howell
2011
Annual Report Analysis for Adidas
Prepared for Professor Tabor
Prepared by Jena Howell
Table of Contents Introduction 2 Annual Report Analysis of Adidas 2 Auditors 2 Subsequent Events 3 Trends in Total Assets and Total Liabilities 3 Three Largest Assets and Liabilities for Recent Year 4 Stock Options 4 Income Statement 4 Net Income 5 Comprehensive Income 5 Direct or Indirect Cash Flow Statement 5 Items Included in Cash from Investing Activities 5 Summary 6
Introduction
Adidas is a name brand that most people know about. Have you ever wondered though, what goes on behind the scenes? Well, that is what is going to be discussed in this paper. Some of the main ideas we are going to look are who the auditors are, the trends in assets and liabilities, the largest assets and liabilities, the types of stocks that are available, the type of income statement that is used, the trend of net income, the type of cash flow statement that is used, and the two largest items included in cash from investing. The purpose of this document is to get you better informed on the current standing of the Adidas Corporation.
Annual Report Analysis of Adidas
Let’s first discuss who the auditors are and what opinion they have on the company’s financial statements.
Auditors
The KPMG AG group is who audits Adidas. They audited Adidas on Feb. 15, 2011. Kozikowski & Wolper (2010) stated, “In our opinion, based on the findings of our audit, the consolidated financial statements comply with IFRS, as adopted by the EU, the additional requirements of German commercial law pursuant to § 315a (1) HGB and give a true and fair view of the net assets, financial position and profit or loss of the Group in accordance with these requirements. The Group management report is consistent with the consolidated financial statements and as a whole provides a
Annual Report Analysis for Adidas
Prepared for Professor Tabor
Prepared by Jena Howell
2011
Annual Report Analysis for Adidas
Prepared for Professor Tabor
Prepared by Jena Howell
Table of Contents Introduction 2 Annual Report Analysis of Adidas 2 Auditors 2 Subsequent Events 3 Trends in Total Assets and Total Liabilities 3 Three Largest Assets and Liabilities for Recent Year 4 Stock Options 4 Income Statement 4 Net Income 5 Comprehensive Income 5 Direct or Indirect Cash Flow Statement 5 Items Included in Cash from Investing Activities 5 Summary 6
Introduction
Adidas is a name brand that most people know about. Have you ever wondered though, what goes on behind the scenes? Well, that is what is going to be discussed in this paper. Some of the main ideas we are going to look are who the auditors are, the trends in assets and liabilities, the largest assets and liabilities, the types of stocks that are available, the type of income statement that is used, the trend of net income, the type of cash flow statement that is used, and the two largest items included in cash from investing. The purpose of this document is to get you better informed on the current standing of the Adidas Corporation.
Annual Report Analysis of Adidas
Let’s first discuss who the auditors are and what opinion they have on the company’s financial statements.
Auditors
The KPMG AG group is who audits Adidas. They audited Adidas on Feb. 15, 2011. Kozikowski & Wolper (2010) stated, “In our opinion, based on the findings of our audit, the consolidated financial statements comply with IFRS, as adopted by the EU, the additional requirements of German commercial law pursuant to § 315a (1) HGB and give a true and fair view of the net assets, financial position and profit or loss of the Group in accordance with these requirements. The Group management report is consistent with the consolidated financial statements and as a whole provides a
Cited: (2010). Consolidated Balance Sheet. Adidas Group. http://adidas-group.corporate-publications.com/2009/gb/en/consolidated-financial-statements/consolidated-balance-sheet.html (2010). Consolidated Cash Flow Statement. Adidas Group. http://adidas-group.corporate-publications.com/2009/gb/en/consolidated-financial-statements/consolidated-statement-of-cash-flows.html (2010). Consolidated Income Statement. Adidas Group. http://adidas-group.corporate-publications.com/2009/gb/en/consolidated-financial-statements/consolidated-income-statement.html Kozikowski, M., & Wolper, A. (2010). Auditors Report. http://adidas-group.corporate-publications.com/2009/gb/en/consolidated-financial-statements/independent-auditors-report.html