Consolidated Statements of Earnings of Royal Ahold
(Amounts in thousands)
1995
USD
1995
NLG
1994
NLG
Net sales
Cost of sales
18,481,951
14,706,840
29,617,326
23,567,710
29,009,682
23,111,200
Gross profit
Selling expenses
General and administrative expenses
3,775,111
2,809,708
394,132
6,049,616
4,502,557
631,597
5,898,482
4,443,175
636,375
Operating results
571,271
915,462
818,932
Income from unconsolidated subsidiaries and affiliates
Interest income
Interest expense
4,715
25,703
(182,624)
7,556
41,189
(292,656)
9,915
41,641
(282,891)
Net financial expense
(152,206)
(243,911)
(231,335)
Earnings before income taxes
Income taxes
419,065
(111,836)
671,551
(179,217)
587,597
(155,342)
Earnings after income taxes
307,229
492,334
432,255
Minority interests
(22,311)
(35,753)
(22,714)
Net earnings
284,918
456,581
409,541
Appropriation of earnings:
Reserves/Retained earnings
Dividends
171,144
113,774
274,258
182,323
254,955
154,586
284,918
456,581
409,541
Note: Dollar figures herein
are translated for reader
convenience from the
underlying guilder figures at
NLG 1.6025per USD
38 Annual Report 1995 Royal Ahold
