Auditors' report
Report on the financial statements
Report on other legal
and regulatory requirements
Financial statements - Other information
We have audited the accompanying financial statements
2006 of Koninklijke Ahold N.V., Zaandam. These financial
statements consist of the consolidated financial statements
as set out on pages 55 to 128 and the parent company
financial statements as set out on pages 129 to 134. The
consolidated financial statements comprise the consolidated
balance sheet as at December 31, 2006, statement of
operations, statement of recognized income and expenses
and cash flow statement for the year then ended, and a
summary of significant accounting policies and other
explanatory notes. The parent company financial statements
comprise the company balance sheet as at December 31,
2006, the company statement of operations for the year then
ended and the notes.
Management's responsibility
Management is responsible for the preparation and fair
presentation of the financial statements in accordance with
International Financial Reporting Standards as adopted
by the European Union and with Part 9 of Book 2 of the
Netherlands Civil Code, and for the preparation of the
Annual Report in accordance with Part 9 of Book 2 of the
Netherlands Civil Code. This responsibility includes:
designing, implementing and maintaining internal control
relevant to the preparation and fair presentation of the
financial statements that are free from material
misstatement, whether due to fraud or error; selecting
and applying appropriate accounting policies; and
making accounting estimates that are reasonable in
the circumstances.
Auditors' responsibility
Our responsibility is to express an opinion on the financial
statements based on our audit. We conducted our audit in
accordance with Dutch law. This law requires that we
comply with ethical requirements and plan and perform the
audit to obtain reasonable assurance whether the financial
statements are free from material misstatement.
An audit involves performing procedures to obtain audit
evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the
auditor's judgment, including the assessment of the risks of
material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, the
auditor considers internal control relevant to the entity's
preparation and fair presentation of the financial statements
in order to design audit procedures that are appropriate in
the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the entity's internal control.
An audit also includes evaluating the appropriateness
of accounting policies used and the reasonableness
of accounting estimates made by management,
as well as evaluating the overall presentation of the
financial statements.
We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our
audit opinion.
Opinion with respect to the consolidated
financial statements
In our opinion, the consolidated financial statements give
a true and fair view of the financial position of Koninklijke
Ahold N.V. as at December 31, 2006, and of its result and
its cash flow for the year then ended in accordance with
International Financial Reporting Standards as adopted by
the European Union and with Part 9 of Book 2 of the
Netherlands Civil Code.
The accounting principles used can vary in significant
respects from accounting principles generally accepted in
the United States of America. The effect of the principal
differences in the determination of net income (loss) and
shareholders' equity is set out in Note 35 to the consolidated
financial statements.
Opinion with respect to the parent company
financial statements
In our opinion, the parent company financial statements give
a true and fair view of the financial position of Koninklijke
Ahold N.V. as at December 31, 2006, and of its result for the
year then ended in accordance with Part 9 of Book 2 of the
Netherlands Civil Code.
Pursuant to the legal requirement under 2:393 sub 5 part e
of the Netherlands Civil Code, we report, to the extent of
our competence, that the annual report is consistent with
the financial statements as required by 2:391 sub 4 of the
Netherlands Civil Code.
Deloitte Accountants B.V.
M.J. van der Vegte RA
Amsterdam, the Netherlands
March 21, 2007
Ahold Annual Report 2006 135
