Note 26
Restructuring
Onerous contracts
Other
26 LOANS AND CREDIT FACILITIES
The restructuring provision includes EUR 26 for termination payments and EUR 31 for rent obligations. In 2005 Ahold
recognized additional restructuring provisions of EUR 44, mainly for employee termination benefits (EUR 20) and onerous
contracts (EUR 11) related to U.S. Foodservice and employee termination benefits related to the Stop Shop/Giant-Landover
Arena (EUR 11) and the Albert Heijn Arena (EUR 2). The provisions are based on formal and approved plans using the best
information available at the time. The amounts that are ultimately incurred may change as the plans are executed.
Onerous contract provisions relate to unfavorable lease contracts and include the unavoidable costs to fulfill agreements that
exceed the expected gains from such agreements.
Other provisions include asset retirement obligations, provisions for environmental risks and supplemental and severance
payments, other than those resulting from restructurings.
January 1, 2006
January 2, 2005
Non-current
portion
Current
portion
Non-current
portion
Current
portion
Subordinated loans
Bonds and notes
Other loans
Financing obligations
Mortgages payable
- - - 91
3,959 227 4,998 1,599
355 17 329 66
532 11 470 11
32 5 33 4
Deferred financing costs
4,878 260 5,830 1,771
(11) (4) (18) (5)
Total
4,867 256 5,812 1,766
As of January 1, 2006, the maturities of these debt instruments during each of the next five years and thereafter were as follows:
2006
2007
2008
2009
2010
Thereafter
260
489
1,222
468
678
2,021
Total
5,138
Debt instruments are issued in various currencies and can carry fixed or floating interest rates. Amounts maturing within
one year of the balance sheet date are presented as current liabilities and those maturing after one year are presented as
non-current liabilities.
AHOLD ANNUAL REPORT 2005 151
