24 Loans
Subordinated loans
December 29, 2002
December 30, 2001
Subordinated loans
1,780
1,780
Bonds
6,789
7,425
Other loans
890
1,186
Mortgages
72
84
Loans from joint ventures and equity investees
55
193
9,586
10,668
Current portion
(1,273)
(542)
Long-term portion of loans
8,313
10,126
As of December 29, 2002, maturities of long-term debt during each of the next five fiscal years and thereafter are as follows:
2003
1,273
2004
56
2005
2,530
2006
356
2007
458
Thereafter
4,913
9,586
Breakdown by currency and type of interest in Euro:
Fixed Interest Floating interest December 29, 2002
December 30, 2001
Euro
3,015 505 3,520
4,295
U.S. Dollar
4,625 72 4,697
5,757
Other
96 96
74
7,640 673 8,313
10,126
Repayment commitments
Between 1 December 29, December 30,
Subordinated loans at fixed rates Within 1 year and 5 years After 5 years 2002 2001
EUR 920, 4.0% convertible subordinated notes,
maturing on May 16, 2005
920
920
920
EUR 678, 3.0% convertible subordinated notes,
maturing on September 30, 2003
678
678
678
EUR 91 bond 6.75%, maturing on August 24, 2003
91
91
91
EUR 91 bond 5.875%, maturing on December 19, 2005
91
91
91
Total subordinated loans
769
1,011
1,780
1,780
In May 2000, Ahold issued 4.0% convertible subordinated notes due May 19, 2005, with a principal amount of EUR
920. Holders of these notes have the right to convert the notes into common shares of Ahold at any time prior to May 16,
2005. During 2002, the conversion price was adjusted from EUR 31.82 to EUR 31.56 per common share as at the end
of fiscal 2001. The conversion feature was not deemed beneficial at issuance. Ahold has the right to redeem the
convertible notes, in whole but not in part, at the principal amount thereof, together with accrued interest at any time.
In September 1998, Ahold issued 3.0% convertible subordinated notes due September 30, 2003 with a principal amount
of EUR 678, with interest payable annually. Holders of the convertible subordinated notes had the right to convert the
notes into common shares of Ahold at any time prior to September 25, 2003. During 2002, the conversion price was
adjusted from EUR 27.02 to EUR 26.80 per common share as a result of anti-dilution provisions included in the
indenture under which the notes were issued. The conversion feature was not deemed beneficial at issuance. At any time
after September 30, 2001, the notes were redeemable at the option of Ahold, in whole but not in part, at the principal
amount thereof, together with accrued interest. These notes matured on September 30, 2003.
Redemption of the loans is subordinated to the claims of all existing and future creditors.
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