Note 23
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23 Equity attributable to common shareholders
Legal reserves
Equity
Additional
Currency
Cash flow
attributable
Share
paid-in
translation
hedging
Other legal
Accumulated
Net to common
capital
capital
reserve
reserve
reserves
deficit
income shareholders
Balance as of December 28, 2003,
as previously reported
388
13,406
(58)
536
(10,998)
- 3,274
Changes in accounting policies (see Note 3) ----- (24) - (24)
Restated balance as of December 29, 2003
388
13,406
(58)
536
(11,022)
3,250
Total recognized income and expense
(308)
27
(15)
870
574
Issue of common shares
1
10
11
Equity settled share-based payments
18
18
Change in other legal reserves
(194)
194
Balance as of January 2, 2005
389
13,416
(308)
(31)
342
(10,825)
870
3,853
Appropriation of net income
870
(870)
Total recognized income and expense
629
(34)
120
715
Issue of common shares
1
1
Equity settled share-based payments
5
24
29
Change in other legal reserves
(3)
3
Balance as of January 1, 2006
389
13,422
321
(65)
339
(9,928)
120
4,598
Appropriation of net income
120
(120)
Total recognized income and expense
(562)
10
32
899
379
Issue of common shares
2
2
Equity settled share-based payments
22
22
Income tax share issuance costs
29
29
Change in other legal reserves
106
(106)
Balance as of December 31, 2006
389
13,453
(241)
(55)
477
(9,892)
899
5,030
Shares and share capital
Authorized share capital is comprised of the following classes of shares as of December 31, 2006 and January 1, 2006:
Common shares (2,000,000,000 of EUR 0.25 par value each)
500
Cumulative preferred shares (1,250,000 of EUR 500 par value each)
625
Total
1,125
In addition, Ahold has cumulative preferred financing shares
("preferred financing shares") outstanding. These preferred
financing shares are considered debt under IFRS until the
date that Ahold receives irrevocable notification from a
holder of preferred financing shares to convert these shares
into common shares. Upon this notification the preferred
financing shares are classified as a separate class of equity
as they no longer meet the definition of a liability as from that
date. On November 30, 2006, Ahold received a conversion
notification for 100,802,061 preferred financing shares with
a par value of EUR 169. On January 2, 2007, these
preferred financing shares have been converted into
22,419,051 common shares, which conversion was effected
by (i) conversion of 22,419,051 preferred financing shares
into 22,419,051 common shares and (ii) the acquisition for
no consideration of 78,383,010 preferred financing shares
by Ahold. As a result of the conversion, the authorized
common shares have increased by 22,419,051 to
2,022,419,051 and the authorized preferred financing
shares have decreased by 22,419,051 to 477,580,949.
For disclosures regarding Ahold's preferred financing shares
see Note 27.
Ahold Annual Report 2006 93
