2 www.ahold.com/reports2008
Notes to the consolidated financial statements
27 Cash flow
Financial statements
AHOLD ANNUAL REPORT 2008 85
The following table presents a reconciliation between the cash flow statements and the cash and cash equivalents as presented
in the consolidated balance sheet:
million
2008
2007
Cash and cash equivalents of continuing operations at the beginning of the year
Restricted cash
Cash and cash equivalents related to discontinued operations
3,263
(21)
1,844
(23)
23
Cash and cash equivalents at the beginning of the year,
including discontinued operations, excluding restricted cash
Net cash from operating, investing and financing activities
Effect of exchange rate differences on cash and cash equivalents
Restricted cash
3,242
(445)
47
19
1,844
1,487
(89)
21
Cash and cash equivalents of continuing operations at the end of the year
2,863
3,263
The following table presents additional cash flow information:
million
2008
2007
Non-cash investing activities
Accounts payable at year end related to purchased non-current assets
Assets acquired under finance leases from continuing operations
Assets acquired under finance leases from discontinuing operations
163
3
114
31
4
Non-cash financing activities
Finance lease liabilities originated from continuing operations
Finance lease liabilities originated from discontinuing operations
(3)
(31)
(4)
Acquisition of businesses
Fair value of assets acquired
Goodwill
Less: Liabilities assumed
(23)
(5)
2
(12)
(19)
Total consideration paid
Cash acquired
(26)
(31)
Acquisition of businesses, net of cash acquired
(26)
(31)
Divestments of businesses
Carrying amount of assets divested (net of cash divested EUR 16 million
and EUR 288 million, respectively)
Liabilities
Non-controlling interests
702
(449)
(80)
5,039
(1,598)
Net assets divested
Result on divestments of discontinued operations before income taxes
Cumulative exchange rate differences transferred from equity
Changes in accounts receivable/payable - net
173
159
(11)
3,441
2,065
(120)
49
Divestment of businesses, net of cash divested
321
5,435
