Additional information
Schuitema nv As mentioned on page 35, Schuitema nv, in which Ahold holds a 63% interest, is not included in the
consolidation.
The consolidated balance sheet and statement of earnings, as published by Schuitema nv on March 13,
1990, are as follows:
Consolidated balance sheet (x Dfl 1 million
1989
1988
Current assets
198
201
Fixed assets
122
102
320
303
Current liabilities
143
130
Long-term liabilities
13
13
Provisions
32
29
Deferred investment credits
5
6
Stockholders' equity
127
125
320
303
Consolidated statement of earnings (x DJl 1 million)
1989
1988
Net sales
2,254
2,054
Gross profit
134
121
Selling and administrative expenses
(106)
(94)
Operating results
28
27
Income from unconsolidated subsidiaries
1
1
Interest received
5
5
Interest paid
(1)
(1)
Financial income and expenditures
5
5
Operating earnings before income taxes
33
32
Income taxes
(11)
(12)
Net earnings
22
20
The 1989 annual report of Schuitema nv in Dutch will be published on
May 23, 1990, and is
available on
request.
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