Financial highlights
(Amounts in EUR millions except where specified)
Sales
1999*
1999
1998"
United States
USD
20,340
USD
16,182
Europe
10,454
9,449
Latin America
3,497
2,116
Asia
476
410
Total
USD
33,811
33,560
26,484
Operating results
1999
1999
1998
United States
USD
1,001
USD
714
Europe
459
402
Latin America
97
63
Asia
(41)
(47)
Corporate costs
(44)
(40)
Total
USD
1,425
1,415
1,017
/Is a percentage of sales
4.22%
3.84%
Net earnings and balance sheet
1999
1999
1998
Earnings after income taxes
USD
771
765
575
/As a percentage of sales
2.28%
2.17%
Net earnings
USD
758
752
547
Depreciation and amortization
USD
875
868
673
Cash flow
USD
1,653
1,641
1,259
Investments in tangible fixed assets***
USD
1,746
1,733
1,320
Total assets
USD
14,392
14,286
11,426
Capital accounts
USD
3,346
3,322
2,656
Capital accounts/total assets
23.3%
23.2%
Interest bearing debt
USD
6,014
5,970
4,803
Net gearing
206%
238%
Interest coverage ratio
3.91
4.18
Share data
1999
1999
1998
Number of shares issued and outstanding
at year end (x 1,000)
Common shares
646,484
639,305
Cumulative preferred financing shares
144,000
144,000
Data per common share
Net earnings
USD
1.16
EUR
1.15
EUR
0.92
Cash flow
USD
2.55
EUR
2.53
EUR
2.13
Share price at year end
USD
29.61
EUR
29.39
EUR
30.94
Cash dividends****
Interim
EUR
0.14
EUR
0.12
Final (proposed)
EUR
0.35
EUR
0.26
Total
EUR
0.49
EUR
0.38
Associates
1999
1999
1998
Number of associates
At year-end
308,793
279,255
Fulltime equivalents, average
208,983
162,746
Salaries and benefits
USD
4,580
4,546
3,308
The dollar figures in this column are translated for 1998: 53 weeks
reader convenience from the underlying Euro figures Excluding EUR 181 million (1998: EUR 131 million) capital leases
at EUR 0.9926 per USD Cash and/or share dividend
6
Royal Ahold Annual Report 1999
