Additional information
-
-
The above summary is not intended to constitute a complete
analysis of all tax consequences that may be relevant to the
acquisition, ownership and disposition of common shares or
ADSs, and does not address state, local, foreign or other tax
laws. Holders of common shares or ADSs should consult
their own tax advisors concerning the tax consequences of
their particular situations.
Principal accountant fees and services
The following table sets forth the total expenses incurred by
Ahold and its subsidiaries for services provided by the
Company's independent auditor, Deloitte Accountants B.V.
and its member firms and/or affiliates ("Deloitte"), for the
past three years:
EUR in thousands
2006
2005
2004
Audit Fees
17,965
17,009
25,185
Audit-Related Fees
145
3,187
2,389
Tax Fees
27
Total
18,110
20,196
27,601
Audit fees
Audit fees principally constitute fees billed for professional
services rendered by Deloitte for the audit of Ahold's
financial statements for each of the years 2004, 2005 and
2006. It also encompasses the review of the interim financial
statements for the third quarter of 2004 and the second and
third quarter of 2005 including fees related to statutory
financial statements. The 2004 audit fees also included fees
for audits of closing balances for divested entities and fees
for the audit of the conversion to IFRS.
Audit-related fees
Audit-related fees constitute fees billed for assurance and
related services by Deloitte that are reasonably related to the
performance of the audit or review of Ahold's financial
statements, other than the services reported above under
"Audit Fees," in each of the years 2004, 2005 and 2006.
Tax fees
Tax fees constitute fees billed for professional services
rendered by Deloitte for tax compliance, tax advice and
tax planning.
Audit Committee pre-approval
Ahold's Audit Committee pre-approved all audit and
permitted non-audit services provided to the Company and
to its subsidiaries during the periods listed prior to the
engagement of Ahold's independent public accountants
with respect to such services. Permitted non-audit services
are assurance services or other work traditionally provided
to Ahold by the independent public accountants in their
capacity as external auditor.
Reconciliation of non-GAAP financial measures
The following table sets forth a reconciliation of net sales in
2004 to net sales in 2004 excluding week 53 of 2004
("Adjusted 2004"):
In millions
Adjusted
2004
Week 53 of
2004
2004
Total Company
EUR
43,301
739
44,040
Retail
Stop Shop/
Giant-Landover Arena
USD
15,800
305
16,105
Giant-Carlisle/Tops Arena
USD
6,352
128
6,480
Albert Heijn Arena
EUR
6,296
122
6,418
Schuitema
EUR
3,121
60
3,181
U.S. Foodservice
USD
18,557
290
18,847
This reconciliation has no impact on the Central Europe Arena.
The following table sets forth a reconciliation of total retail
operating income excluding impairment of assets, gains/
losses on the sale of assets and restructuring and other
related charges ("Adjusted total retail operating income") to
total retail operating income in 2006 and 2005:
EUR in millions, except percentages
2006
2005
Total retail net sales
29,572
29,107
Adjusted total retail operating income
1,285
1,202
Adjustments:
Impairment of assets
(61)
(105)
Gains/losses on the sale of assets
34
42
Restructuring and other related charges
(107)
(18)
Total retail operating income
1,151
1,121
As a percentage of sales
Adjusted total retail operating income
4.3%
4.1%
Total retail operating income
3.9%
3.9%
150 Ahold Annual Report 2006
