Note 37
-
-
-
-
-
-
f. Recent US GAAP accounting pronouncements
Disclosure requirements of defined benefit accounting
Projected benefit obligations
(1,589)
(2,521)
(4,110)
(1,230)
(2,317)
(3,547)
Fair value of plan assets
1,102
2,222
3,324
707
1,842
2,549
Surplus/(deficit)
(487)
(299)
(786)
(523)
(475)
(998)
Unrecognized actuarial loss/(gain)
394
373
767
262
579
841
Unrecognized prior service cost
7
(7)
8
(24)
(16)
Additional minimum liability
(268)
(103)
(371)
(185)
(358)
(543)
Intangible asset
8
8
10
10
Net assets/(liabilities)
(346)
(36)
(382)
(428)
(278)
(706)
Non-current pension and other retirement
benefits provisions
(383)
(138)
(521)
(438)
(278)
(716)
Non-current pension and other retirement
benefits assets
37
102
139
10
10
Total
(346)
(36)
(382)
(428)
(278)
(706)
Additional minimum liabilities
268
103
371
185
358
543
Intangible assets
(8)
(8)
(10)
(10)
Accumulated other comprehensive income
260
103
363
175
358
533
Accumulated benefit obligation
1,216
2,242
3,458
1,084
2,118
3,202
In November 2005, the FASB issued FSP FIN 45-3, "Application of FASB Interpretation No.45 to Minimum Revenue
Guarantees Granted to a Business or Its Owners" ("FIN 45-3"). FIN 45-3 requires provisions for guarantees granted to a
business or its owner(s) that the revenue of the business (or a specific portion of the business) for a specified period of time
will be at least a specified amount. The Company is in the process of evaluating the impact, if any, of FIN 45-3 on the
Company's consolidated financial statements.
In October 2005, the FASB issued FSP No. FAS 13-1, "Accounting for Rental Costs Incurred during a Construction Period"
("FSP No. FAS 13-1"). FSP No. FAS 13-1 requires rental costs associated with operating leases that are incurred during a
construction period to be recognized as rental expense. The Company historically capitalized rental costs incurred during a
construction period. The Company is required to adopt the guidance of FSP No. FAS 13-1 in the first reporting period
beginning after December 15, 2005. The Company will apply the new guidance retrospectively from the earliest date
practicable. The Company is in the process of evaluating the impact of FSP No. FAS 13-1 on its future consolidated financial
statements.
In May 2005, the FASB issued SFAS No. 154, "Accounting Changes and Error Corrections, A Replacement of APB Opinion
No. 20 and FASB Statement No. 3" ("SFAS No. 154"). SFAS No. 154 requires retrospective application of changes in
accounting principles to prior periods' financial statements, unless it is impracticable to determine either the period-specific
effects or the cumulative effect of the change. SFAS No. 154 also requires that the retrospective application of a change in
accounting principle be limited to the direct effects of the change. Indirect effects of a change in accounting principle, such
as a change in non-discretionary profit-sharing payments resulting from an accounting change, should be recognized in the
period of the accounting change. SFAS No. 154 also requires that a change in depreciation, amortization, or depletion method
for non-current, non-financial assets be accounted for as a change in accounting estimate affected by a change in accounting
principle. SFAS No. 154 is effective for accounting changes and corrections of errors made in financial years beginning after
December 15, 2005. The Company is in the process of evaluating the impact, if any, of SFAS No. 154 on the Company's
consolidated financial statements.
AHOLD ANNUAL REPORT 2005 207
