Notes to the parent company financial statements
5 Property, plant and equipment
At cost
6 Financial assets
-
-
-
Investments in subsidiaries and joint ventures
-
-
-
-
-
-
-
-
31 www.ahold.com/reports2008
Financial statements
AHOLD ANNUAL REPORT 2008 110
million
2008
2007
Carrying amount beginning of year
5
6
Depreciation
(1)
(1)
Carrying amount end of year
4
5
17
17
Accumulated depreciation
(13)
(12)
Carrying amount
4
5
Property, plant and equipment primarily consists of office furniture and leasehold improvements.
December 28,
December 30,
million
2008
2007
Investments in subsidiaries
6,941
5,924
Investments in joint ventures
930
1,007
Loans receivable from subsidiaries
2,650
548
Other loans receivable
52
Pensions and other post-employment benefits
6
4
Hedging derivatives intercompany
6
Hedging derivatives external
158
169
Other derivatives intercompany
7
Other derivatives external
101
156
Deferred financing cost
2
3
Total financial assets
10,840
7,824
2008
2007
million
Subsidiaries
Joint ventures
Total
Total
Beginning of year
5,924
1,007
6,931
6,542
Divestments
(209)
(209)
Liquidations
71
71
Intercompany transfers
303
303
53
Share in income
864
118
982
2,919
Direct equity movements
18
3
21
(9)
Dividends
(6)
(82)
(88)
(170)
Exchange rate differences
94
(110)
(16)
(393)
Transfers to loans receivable
(42)
(42)
(3,114)
Transfers (to)/from provisions
(78)
(78)
1,103
Other changes
2
(6)
(4)
End of year
6,941
930
7,871
6,931
Included in investments in joint ventures is an amount of EUR 156 million related to JMR (December 30, 2007: EUR 158 million),
which the Company intends to divest. See Note 5 to the consolidated financial statements. For a list of subsidiaries, joint ventures
and associates, see Note 35 to the consolidated financial statements.
