Note 14
Financial statements - Notes to the consolidated financial statements
14 PROPERTY, PLANT AND EQUIPMENT
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Buildings and land
Stores
Other Not in use
Machinery
and
equipment
Other
Under
construc
tion
Total
As of December 28, 2003
At cost
7,309
1,694 49
5,391
875
538
15,856
Accumulated depreciation and impairment losses
(2,738)
(503) (42)
(3,721)
(695)
(32)
(7,731)
Carrying amount
4,571
1,191 7
1,670
180
506
8,125
Year ended January 2, 2005
Opening carrying amount
4,571
1,191
7
1,670
180
506
8,125
Additions
1,131
111
1
383
43
(114)
1,555
Acquisitions through business combinations
20
38
1
1
60
Depreciation
(287)
(79)
(389)
(73)
(1)
(829)
Impairment losses
(51)
(9)
(4)
(54)
(1)
(3)
(122)
Assets classified as held for sale or sold
(1,081)
(159)
(6)
(422)
(25)
(88)
(1,781)
Other movements
(225)
76
15
58
(10)
(27)
(113)
Exchange rate differences
(240)
(64)
(66)
(6)
(13)
(389)
1 Closing carrying amount
3,838
1,105
13
1,181
109
260
6,506
As of January 2, 2005
At cost
5,364
1,564
22
3,455
511
264
11,180
Accumulated depreciation and impairment losses
(1,526)
(459)
(9)
(2,274)
(402)
(4)
(4,674)
Carrying amount
3,838
1,105
13
1,181
109
260
6,506
Year ended January 1, 2006
Opening carrying amount
3,838
1,105
13
1,181
109
260
6,506
Additions
590
60
349
110
121
1,230
Acquisitions through business combinations
16
7
23
Depreciation
(285)
(67)
(376)
(53)
(5)
(786)
Impairment losses
(21)
(18)
(60)
(99)
Assets classified as held for sale or sold
(102)
(38)
(2)
(4)
(10)
(156)
Other movements
(55)
75
(4)
54
2
(23)
49
Exchange rate differences
438
110
122
13
37
720
Closing carrying amount
4,419
1,227
9
1,275
177
380
7,487
As of January 1, 2006
At cost
6,284
1,814
11
4,049
636
383
13,177
Accumulated depreciation and impairment losses
(1,865)
(587)
(2)
(2,774)
(459)
(3)
(5,690)
Carrying amount
4,419
1,227
9
1,275
177
380
7,487
Buildings and land include improvements to these assets. "Other" buildings and land mainly includes distribution centers.
Other property, plant and equipment mainly consist of trucks, trailers and other vehicles as well as office furniture and fixtures.
Assets under construction mainly consist of stores.
In 2005, Ahold recognized impairment losses of EUR 99 relating to property, plant and equipment. The carrying value of the
affected assets exceeded the higher of the present value of their estimated future cash flows and fair value less costs to sell.
The present value of estimated future cash flows has been calculated using discount rates ranging between 8.3% - 14.1%.
In the U.S., Ahold recorded impairment losses amounting to EUR 95. The Giant-Carlisle/Tops Arena recognized a total
impairment loss of EUR 70 due to a weaker economic environment and strong competition, particularly in the northeast Ohio
and eastern New York regions. U.S. Foodservice recognized an impairment loss of EUR 17, in relation to restructuring and the
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