'Loans' include:
1 Fixed loan/roll-over loan
This represents a credit facility under the following conditions:
- A fixed loan, principal Dfl 100 million. Interest 7.15%. Repayment in 5 annual installments of Dfl 20
million each. First installment at December 19, 1994;
- Roll-over loan, to a maximum of Dfl 175 million. Floating interest, based on AIBOR. Repayment on or
before March 31, 1991. As of the balance sheet date, Dfl 125 million (1988: Dfl 125 million) had been
drawn down on this facility.
1 Stockholders' equity The combined authorized capital of the real estate companies included in the combined balance sheet is
divided as follows:
1989 1988
Common share capital
Cumulative preferred share capital
83,450
31,380
57,950
31,280
114,830
89,230
Issued and outstanding as follows:
Common stock
1989
1988
Beginning of fiscal year
Shares issued
Newly combined
49,850
76
6,700
49,850
End of fiscal year
56,626
49,850
1989
1988
Cumulative preferred stock
31,280
31,280
Koninklijke Ahold nv is the direct or indirect holder of the issued common stock. The cumulative
preferred stock issued and outstanding is held by third parties.
In conformity with the Articles of Incorporation, the holders of cumulative preferred stock are entitled to
a preferred dividend floating from 6.0% to 9.1%.
In the event of the companies' being dissolved, any credit balance after the liquidation of liabilities will
first be used to pay to the holders of cumulative preferred stock the par value of their shares, augmented
by any accumulated dividend claims.
No other preferences are attached to these shares.
Revaluation reserve 1989 1988
Beginning of fiscal year
141,050
-
Revaluation as of October 10, 1988
-
141,050
Realized portion
(429)
End of fiscal year
140,621
141,050
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