Income statement information for adidas Group, a German footwear, apparel, and accessories manufacturer, for the year ended December 31 , 2011

Income statement information for adidas Group, a German footwear, apparel, and accessories
manufacturer, for the year ended December 31 , 2011, follows. The company applies IFRS, as adopted
by the European Union, and reports its results in millions of Euros.
Net income
Financial income
Financial expenses
Operating profit
Cost of sales
Income taxes
Income before taxes
Gross profit
al~/ and commission income
Other operating income
Other operating expenses
Net sales
€ 670
31
115
1,011
7,000
257
927
6,344
93
98
5,524
13,344
1. Prepare the multiple-step income statement for the company for the year ended December 31, 2011.
(Enter your answers in millions.)

2. Prepare the single-step income statement for tile company for tile year ended December 31, 2011.
(Enter your answers in millions.)