122
Notes to the parent company financial statements
1 Significant accounting policies
2 Employees
3 Auditor fees
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Ahold
Annual Report 2010
Group at a glance
Performance
Governance
Investors
Basis of preparation
The parent company financial statements of Ahold have been prepared in accordance with Part 9, Book 2 of the Netherlands Civil Code.
In accordance with subsection 8 of section 362, Book 2 of the Netherlands Civil Code, the recognition and measurement principles applied
in these parent company financial statements are the same as those applied in the consolidated financial statements (see Note 3 to the
consolidated financial statements).
As the financial data of Koninklijke Ahold N.V. (the Parent company) are included in the consolidated financial statements, the income
statement in the parent company financial statements is presented in condensed form (in accordance with section 402, Book 2 of the
Netherlands Civil Code).
Investments in subsidiaries, joint ventures, and associates
Investments in subsidiaries, joint ventures, and associates are accounted for using the net equity value. Ahold calculates the net equity
value using the accounting policies as described in Note 3 to the consolidated financial statements. The net equity value of subsidiaries
comprises the cost, excluding goodwill, of Ahold's share in the net assets of the subsidiary, plus Ahold's share in income or losses since
acquisition, less dividends received. Goodwill paid upon acquisition of an investment in a joint venture or associate is included in the net
equity value of the investment and is not shown separately on the face of the balance sheet.
The average number of employees of Koninklijke Ahold N.V. in full-time equivalents during 2010 was 136 (2009: 140). Salaries, social
security charges, and pension expenses amounted to €29 million, €1 million, and €4 million, respectively, for 2010 (2009: €27 million,
€1 million, and €2 million, respectively).
For information on the Parent company's defined benefit pension plan, the remuneration of the Corporate Executive Board and the
Supervisory Board and the Parent company's share-based compensation plans, see Notes 23, 31 and 32, respectively, to the
consolidated financial statements.
The net pension assets and the net pension expense are calculated on the basis of the Parent company's active employees only.
Expenses for services provided by the Parent company's independent auditor, Deloitte Accountants B.V., and its member firms and or
affiliates to Ahold and its subsidiaries can be specified as follows:
Deloitte Member Deloitte Member
Accountants firms Total Accountants firms Total
thousand B.V. affiliates 2010 B.V. affiliates 2009
Audit fees
2,248
2,503
4,751
2,216
2,489
4,705
Audit-related fees
84
3
87
84
23
107
Tax advisory fees
33
33
Other non-audit fees
Total
2,332
2,506
4,838
2,300
2,545
4,845
