Note 35
35 COMMITMENTS AND CONTINGENCIES
Rent commitments
2005 1
Capital investment commitments
-
-
The annual costs of Ahold's rentals and operating leases were as follows:
2004
Minimum rentals
674
897
Contingent rentals
31
24
Lease- and sublease income
(160)
(239)
Total
545
682
Certain store leases provide for contingent additional rentals based on a percentage of sales. Substantially all of the store
leases have renewal options for additional terms. None of Ahold's leases impose restrictions on the ability of Ahold to pay
dividends, incur additional debt, or enter into additional leasing arrangements.
The aggregate amounts of Ahold's minimum rental commitments to third parties (excluding sublease income) as of January 1,
2006 under non-cancelable operating lease contracts for the next five years and thereafter were as follows:
2006
686
2007
641
2008
579
2009
525
2010
489
Thereafter
4,560
Total
7,480
Ahold had outstanding capital investment commitments for non-current assets of approximately EUR 485 and EUR 449 as
of January 1, 2006 and January 2, 2005, respectively.
Ahold's consolidated capital investment commitments by region as of January 1, 2006 were as follows:
Region
Land and
buildings
Machinery/
equipment
Other
property,
plant and
equipment
Total
property,
plant and
equipment
Intangible
assets
Total
investment
commitments
U.S.
54
263
49
366
366
Europe
86
9
95
24
119
Total
140
272
49
461
24
485
Expected payments relating to these commitments are as follows:
Region
2006
2007
2008
2009
2010
after 2010
Total
U.S.
317
28
7
6
1
7
366
Europe
77
22
9
6
4
1
119
Total
394
50
16
12
5
8
485
AHOLD ANNUAL REPORT 2005 167
