Financial statements
CONTENTS
Consolidated statements of operations 86
Consolidated statements of recognized income and expense 87
Consolidated balance sheets 88
Consolidated statements of cash flows 90
Notes to the consolidated financial statements 91
1 The Company and its operations 91
2 Changes in accounting policies 91
3 Significant accounting policies 92
4 Acquisitions 104
5 Segment reporting 106
6 Net sales 114
7 Expenses by nature 114
8 Employee benefit expenses and directors' remuneration 114
9 Share-based compensation 119
10 Other financial income (expense) 122
11 Income taxes 123
12 Non-current assets held for sale and discontinued operations 126
13 Net income (loss) per share attributable to common shareholders of Ahold 131
14 Property, plant and equipment 132
15 Investment property 133
16 Goodwill 134
17 Other intangible assets 136
18 Investments in joint ventures and associates 137
19 Other financial assets 139
20 Inventories 139
21 Receivables 140
22 Cash and cash equivalents 141
23 Equity attributable to common shareholders of Ahold 141
24 Pensions and other retirement benefits 144
25 Provisions 150
26 Loans and credit facilities 151
27 Finance lease liabilities 155
28 Cumulative preferred financing shares 156
29 Other non-current liabilities 157
30 Short-term borrowings 157
31 Other current liabilities 158
32 Cash flow 158
33 Related party transactions 160
34 Financial instruments, risks and fair values of financial assets and liabilities 162
35 Commitments and contingencies 167
36 Reconciliation of Dutch GAAP to IFRS 175
37 Reconciliation of IFRS to US GAAP 186
38 List of subsidiaries, joint ventures and associates 209
Parent company financial statements 211
Notes to the parent company financial statements 212
Auditors' report 218
Ahold statutory profit-sharing statement 219
Subsequent events 220
AHOLD ANNUAL REPORT 2005 85
