Note 37
a. Reconciliation of net income (loss) and shareholders' equity from IFRS to US GAAP
The principal differences between IFRS and US GAAP for the Company are quantified and described below.
The effects of the application of US GAAP on net income for financial years 2005 and 2004 are set out in the table below:
Note
2005
2004
(as restated.
See Note
37 d.)
Net income in accordance with IFRS
159
898
Minority interests
(26)
(13)
Net income attributable to common shareholders in accordance with IFRS
133
885
Items increasing (decreasing) net income (loss):
Goodwill
1
17
(158)
Other intangible assets
2
(18)
(26)
Impairment of other non-current assets
3
(2)
35
Provisions
4
2
(2)
Real estate
5
21
4
Derivative instruments and loans
6
86
48
Pensions and other post-employment benefits
7
(42)
(50)
Share-based compensation
8
24
19
Non-current assets held for sale and discontinued operations
9
(190)
(491)
Investments in joint ventures and associates, net of tax
10
(24)
(261)
Other
11
(12)
27
Income taxes
12
(57)
10
Minority interest, net of tax
13
9
5
Dividend on cumulative preferred financing shares
14
44
44
Net income (loss) in accordance with US GAAP
(9)
89
AHOLD ANNUAL REPORT 2005 187
