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p : 184 | c :8
t.60 t.1
proDuct
External Sales Gross Profit Margin
1-12 / 2012 1-12 / 2011 1-12 / 2012 1-12 / 2011
€ million € million € million € million
Footwear 1,595.2 1,539.5 46.5% 49.1%
apparel 1,151.9 1,035.6 49.8% 49.6%
accessories 523.6 433.9 50.5% 51.6%
total 3,270.7 3,009.0 48.3% 49.6%
t.61
t.1
transItIon to ebt
1-12 / 2012 1-12 / 2011
€ million € million
ebIt 113.2 333.2
Financial result -0.9 -12.8
ebt 112.3 320.4
26. notes to the cash Flow statement
The cash flow statement was prepared in accordance with IAS 7 and is structured based
on cash flows from operating, investment and financing activities. The indirect method is
used to determine the cash inflow from operating activities. The gross cash flow, derived
from earnings before income taxes and adjusted for non-cash income and expense items,
is determined within the cash flow from operating activities. Cash inflow from operating
activities, reduced by investments in property, plant and equipment as well as intangible
assets is referred to as “free cash flow”.
The financial resource fund reported in the cash flow statement includes all payment methods
and equivalent payment methods shown under “Cash and cash equivalents”, i.e., cash
in hand, checks and bank balances.
PUMA BUsiness And sUstAinABility RePoRt 2012
CONsOlidated FiNaNCial statemeNts
27. contIngencIes anD contIngent lIabIlItIes
contIngencIes As in the previous year, there were no reportable contingencies.
contIngent lIabIlItIes As in the previous year, there were no reportable contingent
liabilities.
28. other FInancIal oblIgatIons
oblIgatIons From operatIng lease The Company rents and leases offices, warehouses,
facilities and fleets of vehicles and sales rooms for its own retail business. Rental agreements
for the retail business are concluded for terms of between five and fifteen years. The
remaining rental and lease agreements have residual terms of between one and five years.
Some agreements include options of renewal and price adjustment clauses.