Notes to the parent company financial statements
1 Significant accounting policies
Basis of preparation
Investments in subsidiaries, joint ventures and associates
2 Employees
3 Auditor fees
4 Intangible assets
-
Financial statements
AHOLD ANNUAL REPORT 2008 109
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 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 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 2008 was 140 (2007: 237). Salaries,
social security charges and pension expenses amounted to EUR 29 million, EUR 1 million and EUR 2 million, respectively, for
2008 (2007: EUR 50 million, EUR 1 million and EUR 5 million, respectively).
For information on the Company's defined benefit pension plan, the remuneration of the Corporate Executive Board and the
Supervisory Board and the Company's share-based compensation plans, see Notes 22, 30 and 31, respectively, to the consolidated
financial statements.
Expenses for services provided by the 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:
thousand
Deloitte
Accountants B.V.
Member firms/
affiliates
Total
2008
Deloitte
Accountants B.V.
Member firms/
affiliates
Total
2007
Audit fees
Audit-related fees
Tax advisory fees
Other non-audit fees
2,573
52
2,564
5,137
52
3,720
42
4,282
250
8,002
292
Total
2,625
2,564
5,189
3,762
4,532
8,294
million
2008
2007
Carrying amount beginning of year
Acquisitions/additions
Intercompany transfers
Amortization
1
(1)
3
1
(2)
(1)
Carrying amount end of year
At cost
Accumulated amortization and impairment losses
1
(1)
1
2
(1)
Carrying amount
1
Intangible assets primarily consist of software.
www.ahold.com/reports2008
