Note 18
18 INVESTMENTS IN JOINT VENTURES AND ASSOCIATES
2005 1
ICA
The estimated amortization charges for the next five years for the other intangible assets is as follows:
2006
196
2007
103
2008
103
2009
51
2010
28
The weighted average amortization period by class and in total is:
Brand names
indefinite
Customer relationships
7 years
Software
5 years
Lease-related intangibles
18 years
Other
11 years
Total (excluding brand names)
5 years
The Company's interest in the outstanding common shares of the more significant investments in joint ventures and associates
were as follows as of January 1, 2006 and January 2, 2005:
Name of joint venture or associate
Country/region
January 1,
2006
January 2,
2005
ICA
Scandinavia
60%
60%
JMR
Portugal
49%
49%
Paiz Ahold
Central America
0%
50%
W&H
Spain
0%
50%
Changes in investments in joint ventures and associates are as follows:
2004
Beginning of the year
828
848
Investments and increases in existing shareholdings
4
284
Divestments and decreases of existing shareholdings
(142)
(19)
Share in income (loss) of joint ventures and associates
155
138
Share of income (loss) of joint ventures and associates - discontinued
10
15
Dividend
(75)
(428)
Exchange rate differences
12
(12)
Other changes
7
2
End of the year
799
828
Ahold owns a 60% interest in ICA, a Scandinavian food retailer. Ahold purchased a 50% partnership interest in ICA in April
2000. In 2004 Ahold acquired a 20% interest in ICA and subsequently sold a 10% interest in ICA to its joint venture partner
HIAB (see Note 4). ICA paid an extra-ordinary dividend of EUR 364 in 2004. As a result of the acquisition of 20% and
subsequent sale of 10% interest in ICA, Ahold recognized EUR 10 as goodwill, which is included in the carrying amount of the
investment. The 60% shareholding interest in ICA does not entitle Ahold to unilateral decision making authority over ICA due
to the shareholders agreement with the joint venture partner, which provides that strategic, financial and operational decisions
will be made only on the basis of mutual consent.
AHOLD ANNUAL REPORT 2005 137
