27 » Non-Controlling Interests

This line item within equity comprises the non-controlling interests in subsidiaries which are not directly or indirectly attributable to adidas AG.

Non-controlling interests are assigned to three subsidiaries both as at December 31, 2021, and as at December 31, 2020. SEE SHAREHOLDINGS

For the following subsidiaries with non-controlling interests, the main financial information is presented combined.

Subsidiaries with non-controlling interests

Legal entity name

 

Principal place of business

 

Ownership interests held by
non-controlling interests (in %)

 

 

 

 

Dec. 31, 2021

 

Dec. 31, 2020

Agron, Inc.

 

USA

 

100%

 

100%

adidas Israel Ltd.

 

Israel

 

15%

 

15%

Reebok India Company

 

India

 

6.85%

 

6.85%

The following table presents the main financial information on subsidiaries with significant non-controlling interests before elimination.

Financial information on subsidiaries with non-controlling interests € in millions

 

 

Non-controlling interests

 

 

Dec. 31, 2021

 

Dec. 31, 2020

 

 

Total

 

Thereof: Agron, Inc.

 

Total

 

Thereof: Agron, Inc.

Net sales

 

651

 

424

 

517

 

349

Net income

 

56

 

40

 

4

 

12

Net income attributable to non-controlling interests

 

42

 

40

 

11

 

12

 

 

 

 

 

 

 

 

 

Other comprehensive income

 

30

 

39

 

7

 

(23)

Total comprehensive income

 

85

 

79

 

10

 

(11)

Total comprehensive income attributable to non-controlling interests

 

81

 

79

 

(10)

 

(11)

 

 

 

 

 

 

 

 

 

Current assets

 

433

 

290

 

315

 

185

Non-current assets

 

156

 

111

 

172

 

119

Current liabilities

 

(162)

 

(72)

 

(158)

 

(53)

Non-current liabilities

 

(23)

 

 

(28)

 

(1)

Net assets

 

403

 

328

 

301

 

249

Net assets attributable to non-controlling interests according to the consolidated statement of financial position

 

318

 

328

 

237

 

249

 

 

 

 

 

 

 

 

 

Net cash generated from operating activities

 

117

 

66

 

65

 

51

Net cash (used in)/generated from investing activities

 

(1)

 

(0)

 

(25)

 

(20)

Net cash used in financing activities

 

(37)

 

0

 

(31)

 

(15)

Net increase of cash and cash equivalents

 

79

 

66

 

9

 

16

Dividends paid to non-controlling interests during the year1

 

 

 

17

 

17

1

Included in net cash used in financing activities.