00 Ahold ANNUAL REPORT 2002 187
BOARD GOVERNANCE HIGHLIGHTS OPERATING REVIEW FINANCIAL INVESTOR REL AT IONS
Income taxes
Deferred income tax assets (liabilities) under US GAAP were as follows:
December 29, 2002
SFAS No. 109
Applied to
Deferred taxes
Dutch GAAP
SFAS No. 109
under SFAS
Balances
adjustments
No. 109
Deferred tax assets:
Capitalized lease commitments
171
5
176
Benefit plans
208
208
Restructuring provisions
8
(4)
4
Provisions not yet deductible
246
6
252
Sale and leaseback of property
76
76
Derivative instruments
138
138
Goodwill
249
249
Other
1
1
Operating loss carry forwards
451
451
Alternative minimum tax carry forwards
4
4
General business tax credit carry forwards
Gross deferred tax assets
1,088
471
1,559
Valuation allowances on carry forwards
(384)
(384)
Valuation allowances on other deferred tax assets
(37)
(9)
(46)
Net deferred tax assets
667
462
1,129
Deferred tax liabilities:
Tangible fixed assets
(489)
(2)
(491)
Identifiable intangibles
(265)
(265)
Inventory
(61)
(61)
Other
(232)
(232)
Total deferred tax liabilities
(782)
(267)
(1,049)
Net deferred tax liabilities
(115)
195
80
