Note 12
1 2005 1
-
2005 1
U.S. Foodservice's specialty distributor Sofco, 31 stores of Tops located in eastern New York and the Adirondacks region of
New York and three shopping centers in Poland and the Czech Republic.
Income from discontinued operations per segment, consisting of operational results from discontinued operations and result
on divestments, was as follows:
Business segments
1 Discontinued operations
2004
BI-LO/Bruno's Arena
BI-LO and Bruno's
1
22
Other retail
Spain, Thailand, Disco, Bomprego/Hipercard,
G. Barbosa and Paiz Ahold
17
Deli XL
Deli XL
7
5
Operational results from discontinued operations
25
27
BI-LO/Bruno's Arena
BI-LO and Bruno's
(4)
Other retail
Spain, Thailand, Disco, Bomprego/Hipercard,
G. Barbosa and Paiz Ahold
118
238
Deli XL
Deli XL
58
Result on divestments of discontinued operations
172
238
Income from discontinued operations,
net of income taxes
197
265
The following table presents the operational results from discontinued operations:
CONDENSED STATEMENTS OF OPERATIONS
2004
Net sales
916
7,420
Cost of sales
(780)
(5,670)
Gross profit
136
1,750
Operating expenses
(117)
(1,641)
Operating income
19
109
Net financial expense
(4)
(62)
Income from joint ventures and associates
13
15
Income before income taxes
28
62
Income taxes
(3)
(35)
Operational results from discontinued operations
25
27
In 2004 a remeasurement to fair value less cost to sell of EUR 69 was recorded in the BI-LO/Bruno's Arena in the operational
results from discontinued operations, which affected operating expenses and income taxes by EUR 45 and EUR 24,
respectively.
AHOLD ANNUAL REPORT 2005 127
