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Accounting and Annual Audit

adidas AG prepares its consolidated financial statements and interim financial report in accordance with International Financial Reporting Standards (IFRS) as applicable in the European Union.

The statutory annual financial statements of adidas AG relevant for the distribution of dividends are prepared in accordance with the provisions of the German Commercial Code (Handelsgesetzbuch - HGB) and the German Stock Corporation Act (Aktiengesetz - AktG). The annual consolidated financial statements and the interim financial report of the adidas Group are prepared by the Executive Board in accordance with the principles of the International Financial Reporting Standards (IFRS) as applicable in the European Union. The annual accounts are audited and approved by the Supervisory Board. The annual financial statements of adidas AG prepared in accordance with the German Commercial Code are therewith adopted.

KPMG AG Wirtschaftsprüfungsgesellschaft, Berlin, audited the consolidated financial statements for 2019 prepared by the Executive Board in accordance with the above-mentioned provisions and issued an unqualified opinion thereon. The auditor also approved without qualification the 2019 annual financial statements of adidas AG prepared in accordance with HGB requirements.

On August 11, 2020, the Annual General Meeting appointed KPMG AG Wirtschaftsprüfungsgesellschaft, Berlin, as auditor for the adidas AG annual financial statements and the consolidated financial statements for the 2020 financial year.

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