Reserves/Retained Earnings
1995 1994
Beginning of fiscal year
2,070,174 1,991,867
Appropriation of earnings
Appropriation of earnings, prior years
Paid-in capital from issued shares:
274,258 254,955
2,707 1,478
Optional stock dividend
145,256 114,324
27,973 13,720
(319,532) (153,824)
Exercise of option rights
Goodwill
Adjustment in valuation
Exchange rate differences in foreign interests
(531) 2,468
(113,706) (154,814)
End of fiscal year
2,086,599 2,070,174
Commitments and
contingencies
Paid-in capital from issued shares amounts to 928,097 (1994: 904,252). The legal reserve totaled 135,231 at vear end
(1994:186,252).
Guarantees and securities
Guarantees to third parties have been given totaling 18,525 (1994: 17,965).
Rentals
The annual amount of rental commitments to third parties which has not been accrued in the balance sheet chiefly
for rentals of real estate, totals 417,762 (1994: 360,242). The rental commitments cover 1 to 25 years.
Capital investment commitments
At the end of 1995, commitments on orders already issued amounted to 333,868 (1994: 442,800).
50
Annual Report 1995 Royal Ahold
