Notes to the consolidated financial statements
5 Assets held for sale and discontinued operations
Assets held for sale
Discontinued operations
-
-
-
-
Results on divestments of discontinued operations
31 www.ahold.com/reports2008
Financial statements
AHOLD ANNUAL REPORT 2008 58
At year-end 2008 and 2007, the following balances were classified as held for sale:
December 28,
December 30,
million
2008
2007
Non-current assets and disposal groups held for sale
20
45
Assets related to discontinued operations
159
161
Total assets held for sale
179
206
The non-current assets and disposal groups held for sale, other than those related to discontinued operations, consist primarily
of property, plant and equipment.
The assets related to discontinued operations consist of Ahold's 49 percent stake in JMR. JMR operates food retail stores in Portugal
under the brands Pingo Doce (supermarkets) and Feira Nova (hypermarkets). On November 6, 2006, the Company announced its
intention to divest its 49 percent stake in JMR. Since then, the Company has actively marketed its stake in JMR at a price it
considers reflects a reasonable value for it. During 2008, market conditions deteriorated significantly. However, Ahold remains
committed to sell its stake in JMR and continues to actively market it.
Income from discontinued operations per segment, consisting of results from discontinued operations and results on divestments,
was as follows:
million
2008
2007
Segments
Discontinued operations
Giant-Carlisle
Tops
3
Albert/Hypernova
Poland
1
Schuitema
Schuitema
17
44
Other retail
JMR
16
17
U.S. Foodservice
U.S. Foodservice
88
Results from discontinued operations
33
153
Giant-Carlisle
Tops
7
38
Albert/Hypernova
Poland
(5)
249
Schuitema
Schuitema
161
U.S. Foodservice
U.S. Foodservice
13
1,750
Various
Various
2
2
178
2,039
Income from discontinued operations, net of income taxes
211
2,192
