Note 35
-
-
-
Statements of comprehensive income (loss)
2006 2005
2004
Net income (loss) in accordance with US GAAP
973 (20)
75
Foreign currency translation adjustments
(876) 1,031
(632)
Reclassified cumulative translation adjustment of divestments to statements of operations
(5) 249
705
Minimum pension liability, net of income tax of EUR (56), EUR (53) and EUR 91
92 125
(212)
Unrealized gain (loss) on derivative instruments, net of income tax of EUR 7, EUR 33 and EUR (31)
(11) (62)
26
Total other comprehensive income (loss)
(800) 1,343
(113)
Comprehensive income (loss) in accordance with US GAAP
173 1,323
(38)
Shareholdersequity
2006 2005
2004
Shareholders' equity, beginning of year
10,001 8,715
9,475
Net income (loss) in accordance with US GAAP
973 (20)
75
Reclassification cumulative preferred financing shares
169
(666)
Dividends on cumulative preferred financing shares
(42) (44)
(44)
Issue of common shares
2 7
10
Income tax share issuance costs
29
Share-based compensation
21
(2)
Adoption of SFAS 158 inclusive tax of EUR 5
82
Other comprehensive income (loss)
(800) 1,343
(113)
Other
(2)
(20)
Shareholders' equity, end of year
10,433 10,001
8,715
Share-based compensation
As of the beginning of 2006, Ahold applies SFAS No. 123(R) using the modified prospective method. The effect of the
adoption of SFAS No. 123(R) on 2006 income before income taxes and 2006 net income amounted to EUR 22 and EUR 15,
respectively. The effect on basic and diluted earnings per share amounted to EUR 0.01 and EUR 0.01, respectively.
If compensation costs for the share-based compensation programs had been determined in accordance with SFAS No. 123
in 2005 and 2004, US GAAP results would have been as follows:
2005
2004
Net income (loss), as reported under US GAAP
(20)
75
Add: share-based compensation expense included in net income, net of tax
3
Deduct: total share-based compensation expense for all awards accounted for under SFAS No. 123, net of tax
(19)
(24)
Pro forma net income (loss) under US GAAP
(39)
54
Dividend on cumulative preferred financing shares
(44)
(44)
Pro forma net income (loss) available to common shareholders under US GAAP
(83)
10
Income (loss) per common share
Basic, as reported
(0.04)
0.02
Basic, pro forma
(0.05)
0.01
Diluted, as reported
(0.04)
0.02
Diluted, pro forma
(0.05)
0.01
Weighted average number of common shares outstanding (x 1,000) for disclosure of SFAS No. 123
Basic
1,554,713
1,553,007
Diluted
1,554,713
1,553,240
Ahold Annual Report 2006
125
