30
30 Commitments and contingencies
-
Ahold Annual Report 2003 159
Financial Statements
Rent commitments
The annual costs of rentals and operating leases were as follows:
2003
2002
2001
Minimum rentals
954
970
902
Contingent rentals
19
22
16
Leases and sublease income
(151)
(126)
(155)
822
866
763
Certain of the leases provide for contingent additional rentals based on a percentage of sales. Substantially all of the
store leases have renewal options for additional terms. No leases impose restrictions on the Company's ability to pay
dividends, incur additional debt, or enter into additional leasing arrangements.
The aggregate amounts of minimum rental commitments to third parties as of December 28, 2003, under
non-cancelable operating lease contracts for the next five years and thereafter were as follows:
Thereafter 5,552
Total 8,786
Capital investment commitments
Ahold had capital investment commitments for fixed assets outstanding of approximately EUR 337 and EUR 429
at December 28, 2003 and December 29, 2002, respectively.
The Ahold consolidated asset investment commitments as per region were as follows:
Region
Land
and buildings
Improvement/
renovations
Fixtures/
equipment
Other
fixed assets
Total tangible
fixed assets
Intangible
assets
Total
investment
commitments
U.S.
157
30
6
193
10
203
Europe
74
12
17
3
106
28
134
Ahold Consolidated
231
42
23
3
299
38
337
