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Financial statements - Notes to the consolidated financial statements
Note 37
c. Condensed consolidated balance sheets under US GAAP
d. Restatement of the 2004 consolidated statement of operations and consolidated balance sheet as
of January 2, 2005 under U.S. GAAP
The following presents the Company's condensed consolidated balance sheets in accordance with US GAAP:
January 1,
2006
January 2,
2005 (as
restated. See
Note 37 d.)
Assets
Current assets
7,567
8,144
Assets held for sale
125
1,597
Property, plant and equipment
8,530
7,479
Intangible assets
6,930
6,175
Other
3,200
3,503
Total
26,352
26,898
Liabilities, minority interests, cumulative preferred financing shares and shareholders' equity
Current liabilities
6,902
7,210
Liabilities related to assets held for sale
16
987
Non-current liabilities
8,600
9,144
Minority interests
118
143
Cumulative preferred financing shares
666
666
Shareholders' equity
10,050
8,748
Total
26,352
26,898
During the process of addressing its material weaknesses, which no longer exist, Ahold has identified certain unintentional
errors that were made in the determination of net income (loss) and shareholders' equity under US GAAP for 2004.
The Company's US GAAP balance sheet as of January 2, 2005 and consolidated statements of operations for 2004 have
been restated to correct these errors. Errors relating to years prior to 2004 amounting to EUR 21 have been adjusted as
a reduction of opening equity of financial year 2004.
Net income in accordance with US GAAP, as previously reported
110
Income taxes
(3)
(21)
1 Net income in accordance with US GAAP, as restated
89
January 2,
2005
Shareholders' equity in accordance with US GAAP, as previously reported
9,455
Multi-employer plan
(1)
(11)
Long and medium term service awards
(2)
(10)
Income taxes
(3)
(21)
Cumulative preferred financing shares
(4)
(666)
Effect of cumulative translation adjustment
1
Shareholders' equity in accordance with US GAAP, as restated
8,748
200
