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Ahold Annual Report 2003
Financial Statements
111
Retail trade - Asia Pacific
In March 2004, the Company also announced that it reached an agreement regarding the sale of its interest in CRC
Ahold Co. Ltd. ("CRC") its operations in Thailand, to its partner, the Central Group. This divestment was the final
step in the overall sale of Ahold's Asian operations, after selling its operations in Indonesia and Malaysia in the third
quarter of 2003.
The carrying amounts of the major classes of assets and liabilities related to discontinued operations,
are as follows:
Unaudited
Bomprego Hipercard G. Barbosa Disco Thailand
December 28, December 29, December 28, December 29, December 28, December 29, December 28, December 29,
2003 2002 2003 2002 2003 2002 2003 2002
Condensed balance sheet data
Non-current assets
Tangible fixed assets
292
319
37
38
192
228
29
38
Intangible assets
5
7
6
48
5
5
1
2
Other
50
38
2
8
18
9
10
Current assets
331
328
53
49
90
109
39
65
Intercompany assets
82
63
3
2
1
5
Non-current liabilities
169
182
32
31
26
261
3
5
Current liabilities
312
293
33
43
97
250
53
80
Intercompany liabilities
35
8
51
55
356
54
17
19
Shareholders' equity
244
272
(17)
10
(183)
(200)
5
11
The following presents the condensed statements of operations for discontinued operations as described above:
Unaudited
Bomprego Hipercard
G. Barbosa*
Disco
Thailand
2003
2002
2001
2003
2002 2001
2003
2002
2001
2003
2002
2001
Condensed statement of operations
Net sales
843
1,028
1,274
228
257
708
762
2,143
312
336
285
Cost of sales
(650)
(777)
(954)
(179)
(204)
(552)
(566)
(1,492)
(263)
(281)
(230)
Gross profit
193
251
320
49
53
156
196
651
49
55
55
Operating expenses
(181)
(226)
(263)
(75)
(55)
(190)
(214)
(569)
(53)
(62)
(54)
Operating income (loss)
12
25
57
(26)
(2)
(34)
(18)
82
(4)
(7)
1
Net financial expense
(46)
(45)
(37)
(4)
(7) -
28
(106)
(301)
Intercompany related expenses
14
(12)
(27)
(5)
(5)
(4)
(8)
(5)
(1)
(1)
(2)
Loss before income taxes
(20)
(32)
(7)
(35)
(14)
(10)
(132)
(224)
(5)
(8)
(1)
Income taxes
(11)
(21)
(1)
(2)
5
(19)
(11)
(29)
Loss after income taxes
(31)
(53)
(8)
(37)
(9) -
(29)
(143)
(253)
(5)
(8)
(1)
Other income
(1)
3
Net loss
(31)
(53)
(8)
(37)
(9)
(30)
(143)
(250)
(5)
(8)
(1)
As G. Barbosa was acquired in 2002, Ahold has not presented 2001 financial information.
