Notes 25, 26
Loyalty programs
This provision relates to a customer loyalty program in the Netherlands, which reflects the estimated cost of benefits to which
customers are entitled when they participate in the loyalty program.
Restructuring
In 2006 Ahold recognized additional restructuring provisions of EUR 75, mainly related to Tops (EUR 54) and Stop Shop
(EUR 15). 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 contracts
Onerous contract provisions relate to unfavorable lease contracts and include the excess of the unavoidable costs to fulfill
agreements over the expected benefits from such agreements.
Other
Other provisions include asset retirement obligations, provisions for environmental risks and supplemental and severance
payments, other than those resulting from restructurings.
26 Loans and credit facilities
December 31, 2006 January 1, 2006
Non-current Current Non-current Current
portion portion portion portion
Bonds and notes
3,426 333 3,948 223
Other loans
250 133 355 17
Financing obligations
476 12 532 11
Mortgages payable
LO
CM
00
CM
00
Total
4,170 480 4,867 256
As of December 31, 2006, the maturities of these debt instruments during each of the next five years and thereafter were
as follows:
2007
480
2008
1,204
2009
413
2010
643
2011
40
Thereafter
1,870
Total
4,650
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. The breakdown of debt instruments issued by Ahold in currency and interest type is (in EUR):
December 31, 2006 January 1, 2006
Fixed Floating Fixed Floating
interest rate interest rate interest rate interest rate
Currency
USD 1,853 - 2,086
EUR 1,953 275 2,198 261
GBP 332 - 315
JPY - 210 - 236
CZK 27 - 27 -
Total 4,165 485 4,626 497
The fair values of these instruments, corresponding derivatives and the foreign exchange and interest rate risk management
policies applied by Ahold are disclosed in Note 33.
Ahold Annual Report 2006 99
