Annual Report 2023

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Boys playing soccer in front of a goal (Photo)

Consolidated Statement of Changes in Equity

adidas AG Consolidated Statement of Changes in Equity (IFRS) € in millions

 

 

Note

 

Share capital

 

Capital reserve

 

Cumulative currency trans­lation differ­ences

 

Hedging reserve

 

Cost of hedging reserve – options

 

Cost of hedging reserve – forward contracts

 

Other reserves

 

Retained earnings

 

Share-holders’ equity

 

Non-controll­ing interests

 

Total equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2021

 

 

 

192

 

1,294

 

(542)

 

(64)

 

(8)

 

(12)

 

(200)

 

6,860

 

7,519

 

318

 

7,837

Other comprehensive income

 

 

 

–

 

–

 

(70)

 

(26)

 

(1)

 

(36)

 

131

 

–

 

(2)

 

21

 

18

Net income

 

 

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

612

 

612

 

26

 

638

Total comprehensive income

 

 

 

–

 

–

 

(70)

 

(26)

 

(1)

 

(36)

 

131

 

612

 

610

 

47

 

656

Repurchase of adidas AG shares

 

25

 

(13)

 

–

 

–

 

–

 

–

 

–

 

–

 

(2,487)

 

(2,500)

 

–

 

(2,500)

Repurchase of adidas AG shares due to equity-settled share-based payment

 

25

 

(0)

 

–

 

–

 

–

 

–

 

–

 

–

 

(22)

 

(22)

 

–

 

(22)

Reissuance of treasury shares due to equity-settled share-based payment

 

25

 

0

 

–

 

–

 

–

 

–

 

–

 

–

 

41

 

41

 

–

 

41

Dividend payment

 

 

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

(610)

 

(610)

 

(22)

 

(632)

Equity-settled share-based payment

 

26

 

–

 

32

 

–

 

–

 

–

 

–

 

–

 

(35)

 

(4)

 

–

 

(4)

Acquisition of shares from non-controlling interests shareholders in accordance with IAS 32

 

 

 

–

 

–

 

4

 

–

 

–

 

–

 

(48)

 

–

 

(44)

 

17

 

(27)

Cancellation of treasury shares

 

 

 

–

 

12

 

–

 

–

 

–

 

–

 

–

 

(12)

 

–

 

–

 

–

Balance at December 31, 2022/January 1, 2023

 

 

 

179

 

1,338

 

(608)

 

(90)

 

(9)

 

(48)

 

(116)

 

4,347

 

4,991

 

360

 

5,351

Other comprehensive income

 

 

 

–

 

–

 

(142)

 

(126)

 

7

 

46

 

(10)

 

–

 

(225)

 

(14)

 

(238)

Net (loss)/income

 

 

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

(75)

 

(75)

 

61

 

(14)

Total comprehensive income

 

 

 

–

 

–

 

(142)

 

(126)

 

7

 

46

 

(10)

 

(75)

 

(300)

 

48

 

(252)

Repurchase of adidas AG shares due to equity-settled share-based payment

 

25

 

(0)

 

–

 

–

 

–

 

–

 

–

 

–

 

(29)

 

(29)

 

–

 

(29)

Reissuance of treasury shares due to equity-settled share-based payment

 

25

 

0

 

–

 

–

 

–

 

–

 

–

 

–

 

29

 

29

 

–

 

29

Dividend payment

 

 

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

(125)

 

(125)

 

(33)

 

(158)

Equity-settled share-based payment

 

26

 

0

 

17

 

–

 

–

 

–

 

–

 

–

 

(2)

 

15

 

–

 

15

Other

 

 

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

(29)

 

(29)

Balance at December 31, 2023

 

 

 

179

 

1,355

 

(750)

 

(217)

 

(2)

 

(2)

 

(126)

 

4,145

 

4,580

 

345

 

4,925

The accompanying Notes are an integral part of these consolidated financial statements.