Loans receivable 1995 1994
Beginning of fiscal year 84,522 27,429
Issued 37,269 73,182
Brought in through acquisitions 1,510
Redemptions (13,114) (12,795)
Exchange rate differences (2,877) (3,294)
End of fiscal year
Mortgages 14,272 16
Other loans 93,038 84,506
107,310 84,522
Other loans includes 36.3 million (1994: 37.5 million) of loans due from officers and employees which were made
in January 1994 to assist these officers and employees with investments in the Ahold Dutch Customer Fund
(the 'Fund'). These floating-rate loans, bearing interest based on the Dutch discount rate, are generally due in
ten years or upon an individual's termination of employment, if sooner, and are secured by each individual's
corresponding investment in the Fund. Loans to Corporate Executive Board Members amounted to 3.2 million
(1994: 3.2 million).
Investment in unconsolidated subsidiaries and affiliates 1995 1994
Groupe Casino/Argyll Group 231,560 231,560
Other unconsolidated subsidiaries and affiliates 131,651 97,098
Total investment 363,211 328,658
Due from unconsolidated subsidiaries and affiliates 76,544 47,544
439,755 376,202
With regard to the participations in Groupe Casino and Argyll Group, refer to 'Subsequent events' on page 54.
Changes in the investments are: 1995 1994
Beginning of fiscal year 328,658 285,846
Investments or consolidations 10,236 12,402
Increase 37,459 34,337
Changes in investments (12,749) (4,112)
Exchange rate differences (420) (511)
Earnings after deduction of dividends 27 696
End of fiscal year 363,211 328,658
Annual Report 1995 Royal Ahold 45
