17 Other financial assets
00 Ahold ANNUAL REPORT 2002 143
BOARD GOVERNANCE HIGHLIGHTS OPERATING REVIEW FINANCIAL INVESTOR REL AT IONS
Ahold held between 50% and 66.7% of the shares in DAIH from January 1998 through July 2002 and has accounted for
DAIH under the equity method until July 2002, because the DAIH shareholders' agreement conveyed joint control to Ahold
and its co-investor, as long as Ahold's voting interest was less than 66.7%. In July 2002, Ahold obtained voting control
through the acquisition of additional shares, such that its ownership percentage exceeded 66.7%. In August 2002, Ahold
purchased all remaining shares in DAIH, see also Note 5. As of December 29, 2002, DAIH held interests in the operating
companies Disco and Santa Isabel S.A.
Condensed financial information for JMR, ICA and Paiz Ahold, in the aggregate, as of and for the fiscal year ended
December 29, 2002, and JMR, ICA, Paiz Ahold and DAIH, in the aggregate, as of and for the two fiscal years in the
period ended December 30, 2001, is presented below. For convenience purposes: (i) balance sheet data have been
translated to Euros at the relevant year-end exchange rate, and (ii) consolidated statement of operations data have been
translated to Euros at the relevant average exchange rate.
Condensed balance sheet data December 29, 2002 December 30, 2001 December 31, 2000
Non-current assets 3,500 3,850 4,080
Current assets 1,896 1,894 1,771
Current liabilities 2,898 2,800 2,889
Non-current liabilities 633 1,970 1,698
Minority interest 1,066 704 657
Condensed statements of operations data
Fiscal 2002
Fiscal 2001
Fiscal 2000
Revenues
11,493
12,198
10,580
Gross Profit
2,645
2,923
2,471
Operating income
366
410
365
Income before tax
154
5
203
Income (loss) after tax
100
(45)
153
Ahold's investment in ICA and Paiz Ahold has a commitment/contingency that could affect Ahold's financial position.
See Note 30.
December 29, 2002 December 30, 2001
Loans receivable
311
670
Long-term prepaid rent
31
39
Deferred bond issue cost
35
43
Other financial assets
367
366
744
1,118
The movement in loans receivable are as follows:
Loans to
associates
Other loans
Fiscal 2002
Fiscal 2001
Beginning of the year
479
191
670
589
Issued
185
71
256
566
Allowance
395
395
(395)
Brought in through acquisitions
4
4
Consolidation
(676)
(676)
Repayment
(169)
(118)
(287)
(104)
Exchange rate differences
(20)
(31)
(51)
14
End of the year
194
117
311
670
