Additional Information
Auditor's report Introduction
We have audited the 1995 financial statements of Koninklijke Ahold nv in Zaandam. These financial statements
are the responsibility of company's management. Our responsibility is to express an opinion on these financial
statements based on our audit.
Scope
We conducted our audit in accordance with auditing standards generally accepted in The Netherlands. Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall financial statements presentation.
We believe that our audit provides a reasonable basis for our opinion.
The English version of the 1995 financial statements does not include the separate financial statements of the
parent company nor the statutory regulation concerning appropriation of earnings as required by Dutch law.
Opinion
In our opinion, the consolidated financial statements of Koninklijke Ahold nv give a true and fair view of the
consolidated financial position of the company as of December 31, 1995 and of the results for the year then ended
in accordance with accounting principles generally accepted in The Netherlands.
Deloitte Touche, Registeraccountants
Amsterdam, March 27, 1996
Subsequent events On February 20,1996 Argyll, Casino and Ahold have decided to terminate their cross share holdings. Ahold has
arranged for its shares held by Casino and Argyll to be placed with four major Dutch institutional investors.
The proceeds for Ahold resulting from the sale of Argyll and Casino shares amounted to NLG 198 million.
The book loss of NLG 34 million deriving from the transactions will be charged against stockholders' equity.
Ahold will seek shareholders' approval at the General Meeting of Stockholders on May 14, 1996 to introduce a new
class of preferred shares. Subject to this approval, Ahold will place a minimum of 21 million preferred shares at
NLG 6.25.
The proceeds of both transactions will be used to repay outstanding loans and to finance future growth.
The effect on earnings per share will be neutral and slightly positive on balance sheet ratios.
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Annual Report 1995 Royal Ahold
