Royal Ahold
Consolidated Statements of Operations
Fiscal years 2002, 2001 (as restated) and 2000 (as restated)
00 Ahold ANNUAL REPORT 2002 89
BOARD GOVERNANCE HIGHLIGHTS OPERATING REVIEW FINANCIAL INVESTOR REL AT IONS
(in EUR millions, except per share data)
Note
Fiscal 2002
Fiscal 2001
Fiscal 2000
(as restated -
(as restated -
see Note 3)
see Note 3)
Net sales
62,683
54,213
40,833
Cost of sales
(49,222)
(42,227)
(31,279)
Gross profit
13,461
11,986
9,554
Operating Expenses
Selling expenses
(9,073)
(8,080)
(6,534)
General and administrative expenses
(1,989)
(1,843)
(1,365)
Goodwill and intangible assets amortization 6/14
(433)
(256)
(50)
Impairment of goodwill and other intangible assets 6/14
(1,287)
(8)
Impairment of other long-lived assets 15
(137)
(10)
Gain on disposal of tangible fixed assetss
69
122
30
Exceptional loss on related party default guarantee 5
(372)
Total operating expenses
(13,222)
(10,075)
(7,919)
Operating Income
239
1,911
1,635
Financial expense, net
Interest income
59
109
99
Interest expense
(1,003)
(921)
(699)
Gain (loss) on foreign exchange
(50)
108
39
Other financial income and expense
(14)
(3)
(7)
Net financial expense
(1,008)
(707)
(568)
Income (loss) before income taxes
(769)
1,204
1,067
Income taxes 12
(390)
(270)
(235)
Income (loss) after income taxes
(1,159)
934
832
Share in income (loss) of joint ventures and equity investees
(38)
(192)
78
Minority interests
(11)
8
10
Net income (loss)
(1,208)
750
920
Dividends on cumulative preferred financing shares
(38)
(38)
(17)
Net income (loss) after preferred dividends
(1,246)
712
903
Net income (loss) after preferred dividends per common share - basic 13
(1.34)
0.83
1.22
Weighted average number of common shares outstanding (x 1,000) - basic
926,546
857,509
737,403
Net income (loss) after preferred dividends per common share - diluted 13
(1.34)
0.82
1.19
Weighted average number of common shares outstanding (x 1,000) - diluted
926,546
887,391
797,121
The accompanying notes are an integral part of these consolidated financial statements
