Net income under Dutch GAAP as previously reported
920
Shareholders’ equity under Dutch GAAP as previously reported
106
Correction of errors:
Deconsolidation of joint ventures
Adjustment resulting from deconsolidation
Vendor allowances
Acquisition accounting
Reserves, allowances and provisions
Real estate transactions
Other
Correction of errors:
Deconsolidation of joint ventures
Adjustment resulting from deconsolidation
Vendor allowances
Acquisition accounting
Reserves, allowances and provisions
Real estate transactions
Other
The effect of the corrections of errors and changes in accounting principles on net income for fiscal 2001 and 2000 is set
forth in the table below. Restatements of EUR 26 relating to periods prior to fiscal 2000 were recorded as a reduction of
opening retained earnings as of January 2, 2000.
The effect of the correction of errors and changes in accounting principles on shareholders’ equity as of December 30,
2001 is as follows:
The adjustments relating to accounting errors affecting the statements of operations for fiscal 2001 and 2000 and the
balance sheet as of December 30, 2001 consist of the following:
principles or misuse of facts relating to acquisition accounting; (iv) improper accounting for certain reserves, allowances
and provisions; (v) improper accounting for certain real estate transactions; and (vi) certain other accounting issues and
items arising as a result of errors in the application of Dutch GAAP and US GAAP.
In addition to the adjustments referred to above, the Company adjusted its comparative financial position as of December
30, 2001 and results for fiscal 2001 and 2000 for certain reclassifications and changes in its accounting principles with
respect to pensions, revaluations of properties, and restructuring provisions as described in Note 2.
(a) Deconsolidation of joint ventures
Prior to fiscal 2002, the Company consolidated its joint venture interests in ICA, DAIH, Bomprepo and Paiz Ahold based
upon the Control Letters among the shareholders that seemingly gave control over the joint ventures to Ahold. The Company
subsequently determined that Side Letters had been executed by the relevant shareholders that nullified the effects of the
(5)
(215)
(36)
(33)
2
(53)
(10)
(103)
(8)
(38)
(26)
(21)
4
(418)
71
(105)
(44)
30
11
(1)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(a)
(b)
(c)
(d)
(e)
(g)
Change in accounting principles (Note 2):
Pensions
Revaluations
Restructuring provisions
Shareholders’ equity under Dutch GAAP as restated
Change in accounting principles (Note 2):
Pensions
Revaluations
Restructuring provisions
Net income under Dutch GAAP as restated
16
(4)
(35)
750
78
(22)
10
5,496
Fiscal 2001
1,113
December 30, 2001
5,892
Fiscal 2000
1,116
