Notes 11, 12, 13
Financial statements - Notes to the parent financial statements
Non-current hedging derivatives - assets
Hedging Hedging
Other
Other
derivatives derivatives
derivatives
derivatives
2006
2005
external intercompany
external
intercompany
Total
Total
Beginning of year
Reclassification
Contracts matured or terminated
Fair value changes
187
(17)
(14)
11
97
17
50
297
43
456
(120)
(39)
End of year
156
11
164
340
297
Non-current hedging derivatives - liabilities
Hedging Hedging
Other
Other
derivatives derivatives
derivatives
derivatives
2006
2005
external intercompany
external
intercompany
Total
Total
Beginning of year 175 140 - 97 412 520
Contracts matured or terminated ----- (120)
Fair value changes (6) 16 9 40 59 12
End of year 169 156 9 137 471 412
Fair value changes include exchange rate differences and installments paid on a cross-currency swap that was entered into
on behalf of one of the Company's subsidiaries.
12 Commitments and contingencies
Bonds and loans issued by certain subsidiaries are
guaranteed by the Company, as disclosed in Note 26 to the
consolidated financial statements. The Company also
guarantees certain lease obligations and other obligations
of subsidiaries. Guarantees issued by the parent company
regarding the financial obligations of third parties and
non-consolidated entities amount to EUR 935 as of
December 31, 2006 (January 1, 2006: EUR 994).
Under customary provisions the Company guarantees
certain representations and warranties made in agreements
of asset disposals. Guarantees and legal proceedings are
further disclosed in Note 34 to the consolidated financial
statements. Assumptions of liability pursuant to section 403,
Book 2 of the Netherlands Civil Code are disclosed in
Note 36 to the consolidated financial statements.
13 Employees
The average number of employees of Koninklijke Ahold N.V.
in full-time equivalents during 2006 was 324 (2005: 332).
Salaries, social security charges and pension expenses
amounted to EUR 68, EUR 4 and EUR 7, respectively, for
2006 (2005: EUR 67, EUR 6 and EUR 8, respectively).
For information on the remuneration of the Corporate
Executive Board, the Supervisory Board and other key
management personnel, see Note 8 to the consolidated
financial statements. For information on the Company's
share-based compensation plans, see Note 9 to the
consolidated financial statements.
Corporate Executive Board Supervisory Board
Amsterdam, the Netherlands
March 21, 2007
134 Ahold Annual Report 2006
