27 » Non-Controlling Interests
This line item within equity comprises the non-controlling interests in subsidiaries that are not directly or indirectly attributable to adidas AG.
Non-controlling interests are assigned to one subsidiary as at December 31, 2024, and to two subsidiaries as at December 31, 2023.
The remaining non-controlling interest of 15% of adidas Israel Ltd., were acquired on January 31, 2024.
For the following subsidiaries with non-controlling interests, the main financial information is presented combined.
Legal entity name |
|
Principal place of business |
|
Ownership interests held by non-controlling interests |
||
|---|---|---|---|---|---|---|
|
|
|
|
Dec. 31, 2024 |
|
Dec. 31, 2023 |
Agron, Inc. |
|
USA |
|
100% |
|
100% |
adidas Israel Ltd. |
|
Israel |
|
– |
|
15% |
The following table presents the main financial information on subsidiaries with significant non-controlling interests before elimination.
|
|
Non-controlling interests |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
|
Dec. 31, 2024 |
|
Dec. 31, 2023 |
||||||
|
|
Total |
|
Total |
|
Thereof: Agron, Inc. |
||||
Net sales |
|
504 |
|
669 |
|
520 |
||||
Net income |
|
68 |
|
61 |
|
62 |
||||
Net income attributable to non-controlling interests |
|
68 |
|
61 |
|
62 |
||||
|
|
|
|
|
|
|
||||
Other comprehensive income |
|
24 |
|
(14) |
|
(14) |
||||
Total comprehensive income |
|
92 |
|
47 |
|
48 |
||||
Total comprehensive income attributable to non-controlling interests |
|
92 |
|
48 |
|
48 |
||||
|
|
|
|
|
|
|
||||
Current assets |
|
377 |
|
384 |
|
288 |
||||
Non-current assets |
|
109 |
|
140 |
|
116 |
||||
Current liabilities |
|
(90) |
|
(139) |
|
(65) |
||||
Non-current liabilities |
|
(4) |
|
(11) |
|
– |
||||
Net assets |
|
392 |
|
373 |
|
340 |
||||
Net assets attributable to non-controlling interests according to the consolidated statement of financial position |
|
392 |
|
345 |
|
340 |
||||
|
|
|
|
|
|
|
||||
Net cash generated from operating activities |
|
129 |
|
64 |
|
77 |
||||
Net cash used in investing activities |
|
(34) |
|
(0) |
|
(10) |
||||
Net cash used in financing activities |
|
(40) |
|
(27) |
|
(33) |
||||
Net increase of cash and cash equivalents |
|
55 |
|
37 |
|
34 |
||||
Dividends paid to non-controlling interests during the year1 |
|
40 |
|
33 |
|
33 |
||||
|
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