Note 35
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-
-
Financial statements - Notes to the consolidated financial statements
Advertising costs
Advertising costs are expensed as incurred and amounted to EUR 268, EUR 258 and EUR 259 in 2006, 2005 and 2004,
respectively, for the Company's continuing operations.
Income taxes
Deferred income tax assets (liabilities) under US GAAP standard SFAS No. 109, were as follows:
December 31, 2006
January 1, 2006
Deferred
SFAS No. 109
Deferred
SFAS No. 109
SFAS
taxes
applied to
SFAS taxes under
applied to
No. 109
underSFAS
IFRS
No. 109 SFAS
IFRS balances
adjustments
No. 109
balances
adjustments No. 109
Total gross deferred tax assets 250 36 286 409 116 525
Valuation allowance (15) 6 (9) (29) (7) (36)
Total net deferred tax assets
235
42
277
380
109
489
Tax losses and tax credits
803
803
667
667
Valuation allowance
(510)
(510)
(375)
(375)
Total net tax losses and tax credits 293 293 292 292
Total net tax assets position
528
42
570
672
109
781
Total deferred tax liabilities
(73)
(138)
(211)
(57)
(217)
(274)
Net deferred tax assets
455
(96)
359
615
(108)
507
SFAS 109 classification differences:
Current deferred tax assets 108 288
Non-current deferred tax assets (66) (180)
Current deferred tax liabilities (2) 1
Non-current deferred tax liabilities (136) (217)
Total current non-current deferred tax liabilities (96) (108)
US GAAP requires balances of deferred tax assets and
liabilities to be offset if they originate within the same
tax jurisdiction for a particular tax-paying component
of the Company.
Defined benefit plans
The accumulated benefit obligation for all plans combined
amounts to EUR 3,424 and EUR 3,645 as of December 31,
2006 and January 1, 2006, respectively. Of the plans with
assets less than the accumulated benefit obligation, the
accumulated benefit obligation and fair value of plans
assets, in the aggregate, are as follows:
December 31,
January 1,
2006
2006
Projected benefit obligations
(3,739)
(4,110)
Fair value of plan assets
3,673
3,324
Surplus/(deficit)
(66)
(786)
Unrecognized actuarial loss
767
Additional minimum liability
(371)
Intangible asset
8
Net assets/(liabilities)
(66)
(382)
Current liabilities
(11)
Non-current liabilities
(438)
(521)
Non-current assets
383
139
Total
(66)
(382)
December 31, January 1,
2006 2006
Accumulated benefit obligation (1,576) (1,356)
Fair value of plan assets 1,292 1,077
Amounts recognized in accumulated other comprehensive
income before income tax consist of:
December 31, January 1,
2006 2006
Actuarial (gains) losses (149)
Prior service costs 12
Additional minimum liability - (371)
Intangible asset - 8
Total (137) (363)
126 Ahold Annual Report 2006
