Consolidated statement of earnings
of Koninklijke Ahold nv
(xOOO)
1989
Sales
9,223,231
Less: Value added tax
309,129
Net sales
8,914,102
Less: Cost of sales
7,074,535
Gross profit
1,839,567
Less: Selling expenses
1,408,550
General and admin
istrative expenses
267,870
Operating results
163,147
Income from unconsoli
dated subsidiaries and
affiliates
16,198
Interest received
7,946
Interest paid
(58,555)
Financial income and
expenditures
(34,411)
Operating earnings
before income taxes
128,736
Income taxes
(26,999)
Operating earnings
after income taxes
101,737
Extraordinary item:
Gain on sale of real estate
(141)
Income taxes
50
Extraordinary item,
net of income taxes
(91)
Third parties
(55)
Net earnings
101,591
Appropriation of
earnings:
Reserves/
Retained earnings
69,413
Dividend common stock
31,666
Dividend preferred stock
512
101,591
1989
1988*
1988
Dfl
Dfl
Dfl
17,667,098
592,136
15,274,800
637,145
15,274,800
637,145
17,074,962
13,551,272
14,637,655
11,697,584
14,637,655
11,697,584
3,523,690
2,698,078
2,940,071
2,287,899
2,940,071
2,287,899
513,104
413,942
374,469
312,508
238,230
277,703
31,028
15,220
(112,162)
24,268
24,142
(95,997)
10,245
15,566
(104,674)
(65,914)
(47,587)
(78,863)
246,594
(51,716)
190,643
(44,423)
198,840
(52,581)
194,878
146,220
146,259
(270)
95
(564)
227
1,125
(453)
(175)
(337)
672
(106)
(178)
(1,226)
194,597
145,705
145,705
132,961 102,247 102,247
60,655 43,456 43,456
981 2 2
194,597 145,705 145,705
32
*Restated, see notes, page 35,
under the heading General
Note: Dollarfigures herein are
translatedfrom the underlying
guilder figures for reader
convenience at Dfl 1.9155 Si
