Note 16
Financial statements - Notes to the consolidated financial statements
16 GOODWILL
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Rental income from investment property included in the consolidated statements of operations amounted to EUR 63 (2004:
EUR 49). Direct operating expenses (including repairs and maintenance) arising from rent income generating and non-rent
income generating investment property in 2005 amounted to EUR 56 and EUR 1, respectively (2004: EUR 37 and EUR 2,
respectively).
The carrying amount of investment property includes an amount of EUR 47 and EUR 26 in respect of assets held under
finance leases and financings, respectively. Ahold does not have legal title to these assets. No investment property was pledged
as security for liabilities.
The following table summarizes the changes in goodwill for Ahold's business segments:
Stop
Shop/Giant
Landover
Arena
Giant-
Carlisle/
Tops
Arena
Schuitema
Carrying amount
as of December 28, 2003
21
27
15
320
2,064
2,447
Year ended January 2, 2005
Opening carrying amount
21
27
15
320
2,064
2,447
Acquisitions
Purchase accounting adjustments
Classified as held for sale or sold
Exchange rate differences
(2)
(2)
9
4
(320)
(4)
(171)
13
(4)
(320)
(175)
Closing carrying amount
19
25
24
4
1,889
1,961
As of January 2, 2005
At cost
19
25
24
4
1,889
1,961
Carrying amount
19
25
24
4
1,889
1,961
Year ended January 1, 2006
Opening carrying amount
19
25
24
4
1,889
1,961
Acquisitions
Impairment losses
Exchange rate differences
3
(14)
3
14
(2)
20
2
(3)
6
273
42
(19)
279
Closing carrying amount
22
14
36
20
3
2,168
2,263
As of January 1, 2006
At cost
Accumulated impairment losses
22
28
(14)
38
(2)
20
6
(3)
2,168
2,282
(19)
Carrying amount
22
14
36
20
3
2,168
2,263
Goodwill recognized upon acquisitions in 2005 and 2004 in the Albert Heijn Arena and at Schuitema relate to acquisitions of
individual stores. The goodwill recognized upon acquisitions in the Central Europe Arena in 2005 relates to the acquisition of
58 stores in the Czech Republic from Julius Meinl a.s. (see Note 4).
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