Independent We have audited the consolidated balance sheet and the balance sheet of Koninklijke Ahold nv as of
Auditor's Report December 31, 1989, and related statements of earnings and cash flows for the year then ended.
We conducted our audit in accordance with generally accepted auditing standards. Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our audit provides a reasonable basis for our
opinion.
On the legal Dutch 1989 financial statements of Koninklijke Ahold nv we issued an unqualified opinion
dated March 22, 1990.
This 1989 annual report Koninklijke Ahold nv in English has been prepared for the convenience of
English-language readers interested in Koninklijke Ahold nv. The financial data contained herein have
been derived from the above-mentioned audited financial statements of Koninklijke Ahold nv.
Touche Ross Nederland
R.H. Veenstra, RA
Amsterdam, March 22,1990
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