Loans receivable
Movements in the loans receivable are:
1999
Beginning of fiscal year:
Mortgages
Other loans
1,790
138,529
Issued
Brought in through acquisitions
Redemptions
Exchange rate differences
End of fiscal year:
Mortgages
Other loans
140,319
45,405
2,947
(27,621)
7,354
2,203
166,201
168,404
1998
1,968
156,114
158,082
60,924
1,866
(78,657)
(1,896)
1,790
138,529
140,319
From the loans receivable 78.1 million has a maturity date of longer than five years. 'Other loans' includes EUR 61.7 million (1998: E
65 9 million) of loans due from a group of approximately 4,700 (1998: approximately 4,900) officers and associates wh.ch were granted in
1994 1996 and 1998 to assist with investments in the Ahold Dutch Customer Fund (the 'Fund'). These floating-rate loans, bearing interest
based on the Dutch discount rate, are generally due in the year 2004 (EUR 11.5 million), 2006 (EUR 17.5 million) and 2008 (EUR 32.7
million) or upon an individual's termination of employment, if sooner, and are secured by each individual's corresponding investment m the
Fund. Loans to Corporate Executive Board Members amounted to EUR 0.9 million (1998: EUR 1.3 million).
Investment in unconsolidated subsidiaries and affiliates
1999
1998
Total investment
Due from unconsolidated subsidiaries and affiliates
132,035
39,953
123,229
60,778
171,988
184,007
Movements in the investments are:
Beginning of fiscal year:
Investments
Increase in existing shareholdings
Sale and settlement of shareholdings
Other movements
Exchange rate differences
Income from unconsolidated subsidiaries and affiliates
Dividend
End of fiscal year:
1999
1998
123,229
84,534
3,964
29,656
14,542
13,644
(12,891)
(2,766)
(6,466)
(4,051)
6,402
(4,615)
7,437
11,105
(4,182)
(4,278)
132,035
123,229
Royal Ahold Annual Report 1999
