Long-term liabilities
fl
Loans Repayment commitments
After Within
five years one year 1995
1994
7% subordinated loan (a)
7.625% subordinated bonds (b)
6.75% subordinated bonds (c) 200,000
10,000 25,000
200,000
200,000
40,000
200,000
200,000
Bonds:
Ahold Vastgoed bv;
nv Ceehorn, average 12.76%
PTE Loan JMR, Lisbon, average 11.64%
1,600 23,387
21,440 214,400
24,987
217,800
Mortgage loans:
10 loans, average 7.51% 64,350
4,471 99,909
104,300
Other loans:
24 loans, average 9.30% 220,250
180,580 757,466
852,470
484,600
218,091 1,520,162
1,639,557
Current portion
218,091
163,920
Long-term portion of loans
1,302,071
1,475,637
Subordinated loans:
Redemption of the principal is subordinated to the claims of all other existing and future creditors.
Sub a: Repayment is in annual installments of 10 million.
Sub b: Maturing on January 11, 2000.
Sub c: Maturing on August 24, 2003.
Other loans:
On March 29,1994, Ahold entered into a five-year USD 400 million multi-currency revolving credit facility.
No amounts were outstanding on December 31,1995 or on January 1,1995. The agreement contains restrictive
covenants with regard to maintenance of certain financial ratios. All covenants were complied with during the fiscal
year.
Capitalized lease commitments
At the time of entering into financial lease agreements, the commitments are recorded at present value using the
interest rate applicable for long-term borrowings. At balance sheet date, existing lease commitments are recorded at
present value at an average interest rate of 10.27% (1994: 10.25%).
1995
1994
Commitments
Current portion
858,469
(32,802)
800,219
(31,082)
Long-term portion of capitalized lease commitments
825,667
769,137
Commitments payable after 5 years
682,822
638,820
Annual Report 1995 Royal Ahold 47
