Additional information
Royal Ahold statutory profit-sharing statement
Pursuant to article 40 of the Articles of Incorporation, first a dividend will be declared on cumulative preferred financing shares out of t e
net earnings. The remaining earnings will be available for distribution to the common shareholders upon approval at the General Meeting of
Shareholders after recommendation of the Corporate Executive Board, with the approval of the Supervisory Board. Amounts not paid in the
form of dividends will be added to retained earnings. The profit-sharing statement reads as follows:
(x €1.000)
1999
1998
Net earnings
Dividend on cumulative preferred financing shares
Dividend on common stock
752,107
12,167
315,909
547,199
9,925
238,141
Reserves and retained earnings
424,031
299,133
Profit sharing is based on the proposal to declare a final dividend over 1999 of EUR 0.49 per common share of NLG 0.50 par value (1998:
EUR 0.38, adjusted for stock dividends). Of this amount, EUR 0.14 has already been paid as interim dividend in 1999 (1998: EUR 0.12).
Subsequent events
On January 3 2000, Disco, the Argentine supermarket chain 98% owned by the 50/50 joint venture Disco Ahold International Holdings,
announced its agreement to acquire Supermercados Ekono, operating in the capital city Buenos Aires for approximately Euro 145 million.
Ekono has 10 large supermarkets with annual sales of approximately Euro 160 million.
Ahold and its Portuguese joint venture partner Jerónimo Martins announced on January 13, 2000 that they are in discussion to significantly
extend and enlarge their current operations. The two companies jointly own Jerónimo Martins Retail (JMR) in Portugal. The Boards of Jerónimo
Martins and Royal Ahold intend to establish a new 50/50 joint venture which includes the current operations of JMR; Pingo Doce supermarkets,
Feira Nova hypermarkets and JMR's interests in Madeira. Also included are JM's food distribution activities Recheio in Portugal, its Polish
operations and its Sé supermarkets in southern Brazil as well as Ahold's operations in the Czech Republic, Poland and Spain.
On January 20, 2000 Ahold announced the acquisition of Kampio, a Spanish supermarket chain based in Barcelona. Kampio operates 39 large
supermarkets with annual sales of approximately Euro 100 million. Ahold Spanish operations now total 220 stores with annual sales amounting
to approximately Euro 500 million.
On March 7, 2000 Ahold announced it will offer USD 26 in cash per share to acquire all 101.5 million common shares outstanding of
America's second largest food distributor, U.S. Foodservice, with annual sales of over USD 7 billion.
Auditor's report
Introduction
We have audited the 1999 financial statements of Koninklijke Ahold N.V. in Zaandam. These financial statements are the responsibility of
the 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
statement presentation. We believe that our audit provides a reasonable basis for our opinion.
Opinion
In our opinion, the consolidated financial statements of Koninklijke Ahold N.V. give a true and fair view of the consolidated financial
position of the company as of January 2, 2000 and of the result for the year then ended in accordance with accounting principles generally
accepted in The Netherlands and comply with the legal requirements for financial statements as included in Part 9, Book 2 of the Dutch
Civil Code, except that the English version of the 1999 financial statements does not include the separate financial statements of the parent
company as required by Dutch law.
Deloitte Touche Accountants
Amsterdam, March 7, 2000
Royal Ahold Annual Report 1999
