FINANCIAL STATEMENTS AND MANAGEMENT REPORT OF ADIDAS AG (page 151-154)

Base the numbers in € millions,

Financial assets decreased from %44 to %40 between 2019-2020. Intercompany accounts  assents were at 32%  in 2019 also it was at 21% in
2020.  Net sales were decreased from 4,444 to 3,991 million between 2019 and 2020. İt means that net  sales decreased 10% because of the
corona virus. Other operating income increased from 590 to 986 in 2020. Positive currency effect causes this and the change was 67%
improvement. Cost of materials were 1,611 in 2019 and it were 1,4661 in 2020. Personal expenses fell from 796 to 655 between 2019 and
2020. Depreciation and amortization rose from 120 to 127 between 2019 and 2020. This change was 6% and software of amortaziation were
reason of this rise. Other operating expenses were 2,337 in 2019 and ıt climbed to 2,564. Operating profit were 170 in 2019 and it fell to 166
in 2020. Financial result decreased from 1,938 to 585 between 2019 and 2020. Lower income from dividens were the reason; higher profit
transfers of  companies had lower profit. Taxes were 161 in 2019 and it was 77 in 2020. Total income decreased to 1,947 to 674 between
2019 and 2020. Retained earnings brought forward was 41 in 2019 and it was increased to 828 million. Allocation to other revenue reserves
was 750 m in 2019 and it fell to 336 €. There is not utilization for the repurchase of adidas AG shares in 2020. Retained earnings was 1,666
in 2020 and it rose from 828 € millions. Adidas germany was 1,275 in 2019. It was 1,216 in 2020. Foreign subsidiaries was 48 € millions in
2019. It fell to 35 million euros in 2020. Central distribution was 191 in 2019 and ıt fell to 119 in 2020. Other revanues was 611 in 2020.
When looking at the total; it decreased from 4,444 € millions to 3,991 million euros between 2019 and 2020. When analise grew of total
assets were 19% with 11,959 € billion and 10,070 € billion in 2019. Rising in cash as well as securities also fell in receivables. Shareholders
were 3,533 billion at 2020 and it changed 14%. Provisions were 686 million € in 2020 and it resulted from low provisions. Liabilities and
other items were 7,740 € and it changed 24% between 2019 and 2020. The reason was newly issued bonds. For result cash outflow was 703
million € in 2020. İt was 468 milion € in 2019. The reason of this change was decrease in net income. Total cash inflow was € 1,162 billion
which caused by financing activities. İt relates to the issue of bonds also lower repurchases of AG shares. İn conclusion, cash equivalents and
cashes rose to € 1,256 billion in 2020.
Geographical and Product Segments
North American market at 35% of institutional shareholdings and it was 43% in 2019, the UK and Ireland was at  26% in 2020. It was 26%
in 2019. German investors were at 11% of institutional shareholdings and it was 10% in 2019. Other European countries for 22% and it rose
to 24% in 2020. other regions of the world  was 3% in 2020 and it was 4% in 2019.
Footwear product was  11,128 million in 2020 and it was 13,521 in 2019. The changed was  18%. Apparel product was 7,687 million in 2020
and it was  8,963 million in 2019. The changed rate was  14%. Accessories & Gear products were  1,028 million in 2020 and  1,156 million
in 2019.the rate of changed was 11%. In conlusion, total product was 19,844 million in 2020 and it was 23,640 million in 2019.
NADYA MELİSA LİMON 
School No Q1021385