Financial highlights
SELECTED FINANCIAL DATA
IFRS consolidated statements of operations data
2005 1
The selected financial data below should be read in
conjunction with our consolidated financial statements
included in this annual report. The selected financial data
as of January 1, 2006 and January 2, 2005 and for the two
years then ended have been derived from these consolidated
financial statements. The SEC has adopted amendments
to Form 20-F related to the first-time adoption of IFRS.
These amendments allow us to provide only one year of
comparative IFRS financial data. The selected financial
data as of December 28, 2003, December 29, 2002 and
December 30, 2001 and for the three years then ended
have been derived from our consolidated financial
statements not included in this annual report and are
included in the selected financial data below under
US GAAP only.
IFRS differs in certain material respects from US GAAP.
We have included an explanation of the principal differences
between IFRS and US GAAP relevant to us in Note 37 to our
consolidated financial statements included in this annual
report.
For information about significant accounting policies,
acquisitions and non-current assets held for sale and
discontinued operations affecting the periods presented,
see the "Management's discussion analysis" section as
well as Notes 3, 4 and 12 to our consolidated financial
statements included in this annual report. For information
on the changes in equity, see Note 23 to our consolidated
financial statements.
Euros in millions, except margin
and per share data
2004
Net sales
44,496
44,610
Operating income
248
923
Operating margin
0.6%
2.1%
Income (loss) from continuing
operations
(38)
633
Income from discontinued
operations
197
265
Net income
159
898
Net income attributable to
common shareholders
133
885
Income (loss) from continuing
operations per common share:
Basic
(0.04)
0.40
Diluted
(0.04)
0.40
Income from discontinued
operations per common share:
Basic
0.13
0.17
Diluted
0.13
0.17
Net income attributable to common
shareholders per share:
Basic
0.09
0.57
Diluted
0.09
0.57
Until 2004, we prepared our consolidated financial
statements under generally accepted accounting principles
in the Netherlands ("Dutch GAAP"). As required by a EU
regulation, from 2005 onwards our consolidated financial
statements are prepared in accordance with IFRS as
adopted by the EU. All standards issued by the International
Accounting Standards Board (the "IASB") effective for
2005 and all interpretations issued by the International
Financial Reporting Interpretations Committee (the "IFRIC")
effective for 2005 have been endorsed by the EU.
Reconciliations between Dutch GAAP and IFRS and
explanatory narratives are included in Note 36 to the
consolidated financial statements, as required by IFRS 1
"First-time Adoption of International Financial Reporting
Standards."
AHOLD ANNUAL REPORT 2005
3
