C. Condensed consolidated statements of operations under US GAAP
00 Ahold ANNUAL REPORT 2002 183
BOARD GOVERNANCE HIGHLIGHTS OPERATING REVIEW FINANCIAL INVESTOR REL AT IONS
relates to joint ventures and equity investees from the line item "Recognition and amortization of goodwill" in an amount
of EUR 566 and EUR 44, for fiscal 2001 and fiscal 2000, respectively, as a result of the deconsolidation of certain joint
ventures (Note 3(a))
The following presents the Company's condensed consolidated statements of operations in accordance with US GAAP:
Fiscal 2002 Fiscal 2001 Fiscal 2000
(as restated - (as restated -
see Note 31.b) see Note 31.b)
Net sales
62,683
54,213
40,833
Cost of sales
(49,218)
(42,229)
(31,396)
Gross profit
13,465
11,984
9,437
Operating expenses
(13,841)
(10,394)
(8,258)
Operating income
(376)
1,590
1,179
Financial expense, net
(1,032)
(865)
(608)
Income (loss) before income tax
(1,408)
725
571
Income tax expense
(360)
(154)
(157)
Income (loss) after income taxes
(1,768)
571
414
Share in net income (loss) of joint ventures and equity investees
81
(780)
22
Minority interest
(11)
13
23
Dividends on cumulative preferred financing shares
(38)
(38)
(17)
Income (loss) before cumulative effect of changes in accounting principle
(1,736)
(234)
442
Cumulative effect of changes in accounting principle for goodwill
and derivative instruments, net of income taxes of EUR 257, and EUR 4, respectively
(2,499)
(20)
Cumulative effect of a change in accounting principle for goodwill
in joint ventures and equity method investees
(93)
Net income (loss)
(4,328)
(254)
442
