ASSETS Cash and cash equivalents 3 369.3 190.6 Inventories 4 201.1 196.2 Trade receivables and other receivables 5 189.6 175.6 Other short-term financial assets 6 0.3 1.9 Total current assets 760.3 564.3 Deferred income taxes 7 51.6 36.5 Property, plant and equipment 8 84.7 66.5 Goodwill 9 20.0 22.3 Other intangible assets 10 7.2 5.9 Other long-term financial assets 11 5.3 4.1 Investment in associated companies 12 0.6 0.6 Total assets 929.6 700.1 LIABILITIES AND EQUITY Financial liabilities 13 12.9 16.8 Trade payables 14 136.9 132.6 Other liabilities 14 123.3 69.0 Total current liabilities 273.1 218.5 Pension 15 21.2 18.5 Tax provisions 16 33.7 27.1 Other provisions 17 53.8 49.0 Total provisions 108.7 94.6 Long-term interest bearing liabilities 13 0.0 0.0 Deferred income taxes 7 9.6 3.2 Minority interest 18 2.4 0.8 Subscribed capital PUMA AG 42.7 41.6 Group reserves 178.8 84.0 Accumulated profits 414.6 278.5 Treasury stock -100.2 -20.9 Shareholders’ equity 19 535.8 383.0 Total liabilities and shareholders’ equity 929.6 700.1 Dec. 31, 2004 Dec. 31, 2003 Notes € million € million Foreword | Mission | Management Report | Share | Marketing |  Consolidated Financial Statements - IFRS - | Report of Supervisory Board | Board of Management 60 Consolidated Balance Sheet