Note 22, 23
22 CASH AND CASH EQUIVALENTS
23 EQUITY ATTRIBUTABLE TO COMMON SHAREHOLDERS OF AHOLD
-
-
-
-
-
-
-
-
that have been recognized by the Receivables Company. Losses in the form of discounts on the sale of receivables, primarily
representing interest, totaled USD 26 (EUR 21) and USD 17 (EUR 14) in 2005 and 2004, respectively and are included in
the consolidated statements of operations in interest expense.
January 1,
January 2,
2006
2005
Cash on hand
391
267
Cash in banks and cash equivalents
1,837
2,938
Total cash and cash equivalents
2,228
3,205
The effective interest rate on USD and EUR cash equivalents was 3.21% and 2.04% respectively for 2005 (2004: USD
1.28% and EUR 2.03%) and they are callable on demand. The carrying amount of these cash equivalents approximates their
fair value.
Of the cash and cash equivalents as of January 1, 2006 EUR 23 was restricted (January 2, 2005: EUR 92). This consisted of
cash held for insurance purposes for U.S. workers' compensation and general liability programs (EUR 23 and EUR 74 for 2005
and 2004, respectively). In addition, as of January 2, 2005, EUR 18 of restricted cash related to collateralized cash held for
letters of credit. For a discussion of the receivables collection proceeds held by Ahold under the accounts receivable
securitization program, see Note 21.
Net cash book overdrafts of EUR 517 and EUR 365 have been classified in accounts payable as of January 1, 2006 and
January 2, 2005, respectively. These amounts represent the excess of total issued checks over available cash balances within
the Group cash concentration structure. No right to offset with other bank balances exists.
Changes in issued and paid-in capital are summarized as follows:
Number of
common
shares
issued and
fully paid
(x 1,000)
Share capital
Additional
paid in
capital
Total
share
capital
Balance as of December 28, 2003
1,552,603
388
13,406
13,794
Issue of common shares
1,634
1
10
11
Equity settled share-based payments
17
Converted subordinated notes
9
Balance as of January 2, 2005 1,554,263 389 13,416 13,805
Issue of common shares
100
1
1
Equity settled share-based payments
950
5
5
Balance as of January 1, 2006
1,555,313
389
13,422
13,811
AHOLD ANNUAL REPORT 2005 141
