21 » Minority Interests

This line item within equity comprises the equity of third parties in a number of consolidated companies. Minority interests are attributable to three and four subsidiaries as at December 31, 2006 and 2005, respectively (see Shareholdings).
These subsidiaries were mainly established with former independent distributors and licensees for the adidas brand or purchased as part of the acquisition of the Reebok business.
In accordance with IAS 32, the following minority interests are no longer reported within minority interests: GEV Grundstücksgesellschaft Herzogenaurach mbH & Co. KG (Germany), as the company is a limited partnership, or adidas Hellas A.E. (Greece) and adidas Suomi OY (Finland), as these minorities hold put options. The fair value of these minorities is shown within other liabilities. The difference between the fair value and the minority interests is shown as goodwill less accumulated amortization. The result for these minorities is reported within financial expenses.