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16. other provIsIons
t.44 t.1
Provisions for:
2011 2012
Currency
adjustments,
transfers
Addition
Utilization
Reversal
€ million € million € million € million € million € million
Warranties 10,6 -0,1 2,4 -5,6 -0,5 6.8
Purchasing risks 6,0 -0,1 2,6 -1,7 -0,7 6.1
Restructuring 0,0 -0,4 125,4 -29,8 0,0 95,2
Special items 5,3 0,0 0,0 -4,9 -0,4 0.0
Other 48,2 -1,3 20,6 -15,4 -3,8 48.3
total 70,1 -1,9 151,0 -57,4 5,4 156.4
The warranty provision is determined on the basis of the historical value of sales generated
during the past six months. It is expected that a large amount of these expenses will fall due
within the first six months of the next financial year.
Purchasing risks relate primarily to materials and molds that are required for the manufacturing
of shoes. The provision will probably result in a payment in the following year.
The provision for restructuring includes expenses associated with the package of measures
as part of the company-wide transformation and cost reduction program.
Other provisions consist primarily of risks associated with legal disputes, provisions for
anticipated losses from pending business and other risks.
The provision for restructuring in the amount of € 8.1 million (previous year: € 0.0 million)
includes long-term provisions. Other provisions also include long-term provisions in the
amount of € 30.2 million (previous year: € 26.3 million).
PUMA BUsiness And sUstAinABility RePoRt 2012
17. lIabIlItIes From the acQuIsItIon oF busIness entItIes
Pursuant to the contracts entered into, purchase price liabilities associated with acquisitions
of business enterprises lead to prorated payments. The resulting nominal amounts
were discounted at a reasonable market interest rate, depending on the expected date of
payment.
The purchase price liability consists of:
t.45 t.1
CONsOlidated FiNaNCial statemeNts
2012 2011
€ million € million
Due within one year 2.6 93.6
Due in more than one year 3.3 6.8
total 5.9 100.4
The decrease in liabilities from the acquisition of business entities during the reporting
year is associated in particular with the acquisition of the remaining outstanding shares of
Dobotex.
18. shareholDers’ eQuItY
subscrIbeD capItal The subscribed capital corresponds to the subscribed capital of
PUMA SE. As of the balance sheet date, the subscribed capital amounted to € 38.6 million
and is divided into 15,082,464 fully paid-in bearer shares. Each no-par value share corresponds
to € 2.56 of the share capital. Capital reserves rose by € 3.2 million as a result of the
valuation of stock option programs for management (previous year: € 6.5 million).
Changes in the circulating shares:
t.46
t.1
2012 2011
circulating shares as of January 1 share 14,934,633 14,980,871
Conversion from Management Incentive Program share 4,646 78,335
Share buy-back share 0 -124,573
circulating shares as of December 31 share 14,939,279 14,934,633