2001 Aquisitions
00 Ahold ANNUAL REPORT 2002 115
BOARD GOVERNANCE HIGHLIGHTS OPERATING REVIEW FINANCIAL INVESTOR REL AT IONS
was offered per Santa Isabel share for a total amount of EUR 41. Ahold's ownership in Santa Isabel S.A. increased from
414,393,680 shares, or approximately 70.2% of the total outstanding shares, to 572,525,100 shares, or approximately
97% of the total outstanding shares. The tender offer resulted in goodwill in the amount of EUR 28, which was assigned
to the Latin America retail trade segment. As noted in additional information, in July 2003, Ahold sold its 99.6% stake
in Santa Isabel's Chilean operations.
- Lusitana: On September 25, 2002, Ahold, through its wholly owned subsidiary Bomprego S.A. Supermercados do Nordeste
("Bomprego"), acquired nine supermarkets and related assets in Brazil from Supermercados Lusitana Ltda for a total
cash consideration of EUR 7. The acquisition resulted in goodwill of EUR 6, which was assigned to the Latin America
retail trade segment.
- Lady Baltimore: On September 12, 2002, USF acquired Lady Baltimore Foods Inc., a broadline food service distributor in
the U.S., for approximately USD 29 (EUR 29) in cash. The acquisition resulted in goodwill of USD 15 (EUR 15), which
was assigned to the U.S. food service segment.
- Indonesia: In September 2002, Ahold acquired the remaining outstanding shares (30%) of PSP Group, a supermarket
company in Indonesia, for approximately EUR 2 in cash. The acquisition resulted in goodwill of EUR 2, which was
assigned to the Asia retail trade segment.
-Jumbo Hypermarkets: On August 27, 2002, Ahold, through its wholly owned subsidiary Ahold Polska Sp. Z.o.o., completed
its acquisition of Jumbo hypermarkets in Poland from Jéronimo Martins Sp. Z.o.o. for EUR 23 in cash. The acquisition
did not result in any goodwill.
- G. Barbosa: In January 2002, Ahold, through its wholly owned subsidiary BR Participacoes e Empreendimontes SA,
acquired 32 hypermarkets, supermarkets, and related assets in Brazil, from G. Barbosa for EUR 122 in cash. The
acquisition resulted in goodwill in the amount of EUR 112, which was assigned to the Latin America retail trade
segment.
- Alliant: In November 2001, USF acquired 100% of the shares of Alliant Exchange, Inc. ("Alliant") for approximately
USD 1,477 (EUR 1,648) in cash, and USD 436 (EUR 487) of assumed debt and off balance sheet securitized
receivables of USD 325 (EUR 368). Alliant is a food service distributor to healthcare, restaurant, lodging and other
institutional accounts across the U.S. The acquisition resulted in goodwill of approximately EUR 1.5 billion, which
was assigned to the US Food service segment.
The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of the Alliant
acquisition.
At November 30, 2001
Intangible assets
372
Goodwill
1,495
Tangible fixed assets
525
Financial assets
73
Current assets
631
Total assets acquired
3,096
Provisions
291
Non-current liabilities
487
Current liabilities
670
Total liabilities assumed
1,448
Consideration
1,648
The acquired intangible assets have a weighted-average useful life of approximately 4 years and are related to computer
software and customer relationships.
