-
Break-down by currency and type of interest
Long-term loans broken down by currency and type of interest:
Fixed Floating Total Total
("1000) interest interest 1995 1994
United States Dollar loans USD 723,658 LSD 7,612 NLG 1,171,860 NLG 1,271,351
Dutch Guilder loans NLG 100,436 NLG 585,000 NLG 685,436 NLG 730^223
Portuguese Escudo loans PTE 16,682,836 PTE 8,545,000 NLG 270,442 NLG 243,200
NLG 1,438,938 NLG 688,800 NLG 2,127,738
The break-down of loans between fixed
and variable interest at January 1,1995 NLG 1,646,990 NLG 597,784 NLG 2,244,774
For the floating interest loans, Ahold has purchased interest rate options to limit interest rate increases above a
certain level. The notional value of these interest rate options amounts to NI ,G 225 million.
Other provisions
Beginning
Exchange rate
Acquisitions
Other
Deductions
End of
of fiscal year
differences
additions
fiscal year
Pensions
121,537
(2,538)
23,413
(2,687)
139,725
Early-retirement fund
40,359
-
47,044
(22,674)
64,729
Self-insurance
150,842
(11,311)
12,599
81,688
(53,621)
180,197
Restructuring
103,082
(494)
-
72,471
(12,735)
162,324
Commitments and
contingencies
112,377
(1,732)
12,844
42,046
(39,404)
126,131
Equalization of
building maintenance
42,030
9
146
12,034
(8,167)
46,052
570,227
(16,066)
25,589
278,696
(139,288)
719,158
The changes
during 1994 were: 496,856 (23,075) 2,789 216,178 (122,521) 570,227
The provisions tend to be long-term.
1 he provision for pensions reflects commitments for pensions not placed with other funds, and has been based on
actuarial calculations. 'I his item also includes an amount for future increases in benefits and for possible inflation.
On the basis of collective labor agreements, a provision for early-retirement commitments has been formed,
according to a dynamic system. Retirement rights due now have been placed with the 'Stichting Ahold Pensioen
fonds' (Ahold pension fund) by means of single-premium payments.
The provision for 'Self-insurance' includes estimated commitments with respect to liability and disability which
have not been placed with third parties. This provision mainly refers to the US operating companies. The level of
this provision is evaluated periodically, based on actuarial calculations.
1 he provision for 'Restructuring' refers to the planned restructuring of the retail trade and production companies
and the distribution activities.
I he pro\ ision for 'Commitments and contingencies' largely consists of estimated amounts connected with the
termination or upgrading of business activities.
The provision for 'Equilization of building maintenance' represents know n and estimable repair and upkeep of
buildings (primarily in The Netherlands) and is calculated according to a dynamic system.
48 Annual Report 1995 Royal Ahold
