-
Ahold Annual Report 2003
Additional Information
201
The carrying amounts of the major classes of assets and liabilities attributable to discontinued operations in 2004,
are as follows:
Unaudited
BI-LO and Bruno's
Spain
December 28, 2003
December 29, 2002
December 28, 2003
December 29, 2002
Non-current assets
Tangible fixed assets
893
1,166
439
469
Intangible assets
33
48
331
350
Other
3
11
14
11
Current assets
486
612
229
336
Intercompany assets
19
63
7
6
Non-current liabilities
534
579
23
36
Current liabilities
348
406
466
566
Intercompany liabilities
839
1,139
272
247
Shareholders' equity
(287)
(224)
259
323
The following presents the condensed statements of operations for the discontinued operations in 2004:
Unaudited
BI-LO and Bruno's
Spain
2003
2002
2001
2003
2002
2001
Net sales
4,405
5,413
3,748
2,074
2,047
1,993
Cost of sales
(3,227)
(3,952)
(2,748)
(1,618)
(1,589)
(1,552)
Gross profit
1,178
1,461
1,000
456
458
441
Operating expenses
(1,116)
(1,453)
(847)
(508)
(1,422)
(475)
Operating income
62
8
153
(52)
(964)
(34)
Net financial expenses
(43)
(51)
(47)
(4)
(6)
(10)
Intercompany related expense
(85)
(102)
(72)
(8)
(17)
Income (loss) before income taxes
(66)
(145)
34
(64)
(987)
(44)
Income taxes
(5)
4
(13)
10
17
(10)
Net income (loss)
(71)
(141)
21
(54)
(970)
(54)
On disposal of the assets held for sale the unrecognized accumulated foreign currency translation adjustments and
the goodwill that were both previously charged to equity will be recorded in the statement of operations. The recording
of the loss on divestments is non-cash and will have no impact on the overall level of shareholders' equity. As of
December 28, 2003, accumulated foreign currency translation adjustments related to the entities described above
amounted to EUR 139. Further, the book value of remaining goodwill in the equity of entities, as of December 28,
2003, amounted to EUR 55.
The following presents the condensed statement of cash flows for discontinued operations in 2004:
Unaudited
BI-LO and Bruno's
Spain
2003
2002
2001
2003
2002
2001
Net cash from operating activities
240
179
12
101
3
120
Net cash from investing activities
18
(169)
(1,092)
(45)
(1,390)
5
Net cash from financing activities
(242)
(14)
1,069
(94)
1,377
(112)
