31 Reconciliation of Dutch GAAP to US GAAP
A. Reconciliation of consolidated net income (loss) and consolidated shareholders' equity from
Dutch GAAP to US GAAP
GO Ahold ANNUAL REPORT 2002 169
BOARD GOVERNANCE HIGHLIGHTS OPERATING REVIEW FINANCIAL INVESTOR REL AT IONS
The Company's consolidated financial statements have been prepared in accordance with Dutch GAAP, which varies in
certain respects from US GAAP. Such differences involve methods for measuring the amounts shown in the consolidated
financial statements as well as additional disclosures required by US GAAP. The principal differences between Dutch
GAAP and US GAAP for the Company are quantified and described below, followed by a summary of the effect of
restatements made to net income for fiscal 2001 and 2000 and shareholders' equity as of December 30, 2001 under
US GAAP in Note 31.b.
The effects of the application of US GAAP on consolidated net income (loss) for fiscal 2002, 2001 and 2000 are set out
in the table below:
Fiscal 2002
Fiscal 2001
Fiscal 2000
(as restated -
(as restated -
see Note 31.b)
see Note 31.b)
Net income (loss) in accordance with Dutch GAAP
(1,208)
750
920
Items increasing (decreasing) net income (loss):
Recognition and amortization of goodwill
(i)
253
(160)
(252)
Recognition and amortization of other intangible assets
(2)
(25)
(50)
(37)
Impairment of:
Goodwill and other intangible assets
(3)
(751)
(4)
Other long-lived assets
(4)
9
USF purchase accounting adjustments
(5)
(117)
Restructuring provisions
(6)
(26)
33
(1)
Sale and leaseback of property
(7)
(36)
(142)
(24)
Derivative instruments
(8)
(30)
(111)
Valuation of ICA Put Option
(9)
(31)
(10)
(40)
Other
(10)
(2)
(35)
(24)
Income tax effects
(ii)
30
116
78
Share in income (loss) of joint ventures and equity investees, net of tax
(i2)
119
(588)
(57)
Minority interest impact on reconciling items
5
13
Dividend on cumulative preferred financing shares
(13)
(38)
(38)
(17)
Income (loss) in accordance with US GAAP before
cumulative effect of changes in accounting principles
(1,736)
(234)
442
Cumulative effect of changes in accounting principles for:
Derivative financial instruments, net of income tax benefits of EUR 4
(8)
(20)
Goodwill and other intangible assets including EUR 1,846 relating to USF,
net of income tax benefit of EUR 257
(3)
(2,499)
Goodwill in joint ventures and equity method investees
(12)
(93)
Net income (loss) in accordance with US GAAP
(4,328)
(254)
442
