31
-
-
-
-
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Ahold Annual Report 2003
Financial Statements
177
The following table discloses Ahold's US GAAP goodwill balance by operating segment within its foodservice segment:
U.S.
Europe
Total
Balance, December 31, 2000
4,155
145
4,300
Acquisitions
1,626
2
1,628
Purchase accounting adjustments
55
55
Divestments
(2)
(2)
Amortization
(112)
(4)
(116)
Exchange rate difference
302
302
Balance, December 30, 2001
6,024
143
6,167
Transitional impairment losses
(2,103)
(2,103)
Acquisitions
78
78
Purchase accounting adjustments
101
101
Divestments
(2)
(2)
Impairment losses
(529)
(529)
Exchange rate difference
(598)
(598)
Balance, December 29, 2002
2,973
141
3,114
Acquisitions
2
2
Purchase accounting adjustments
3
3
Divestments
Impairment losses
(71)
(71)
Exchange rate difference
(488)
(488)
Balance, December 28, 2003
2,490
70
2,560
4. Impairment of other long-lived assets
Under Dutch GAAP, long-lived assets are subject to impairment tests when circumstances indicate that an
impairment may exist. In determining whether impairments exist, the Company groups its assets at the lowest
level of identifiable cash flows. If the carrying amount of an asset (or asset group) exceeds its recoverable amount,
which is generally measured based on discounted cash flows, an impairment loss is recognized in an amount
equal to the difference.
Under US GAAP, long-lived assets are subject to impairment tests when circumstances indicate that an
impairment may exist. In determining whether impairments exist, the carrying value of the asset is compared
to the undiscounted cash flows associated with the asset. The Company groups its assets at the lowest level of
identifiable cash flows. Only if an asset's (or asset group's) carrying amount exceeds the sum of the undiscounted
cash flows that are expected to be generated from the use and eventual disposition of the asset, an impairment loss
is recognized in an amount equal to the amount by which the asset's carrying amount exceeds its fair value, which
is generally measured based on discounted cash flows. Long-lived assets and certain identifiable other intangible
assets to be disposed of are reported at the lower of carrying amount or fair value.
The reconciliation of consolidated net income (loss) related primarily to lower impairments due to differences
described above recorded under US GAAP for the following entities:
Consolidated net
income (loss)
Consolidated
shareholders'
equity
2003
2002
2001
December 28,
2003
December 29,
2002
Ahold Spain
11
11
Tops Markets
10
8
14
4
Bruno's
2
1
Other
3
1
3
1
Total
26
9
29
5
