O www.ahold.com/reports2009
Notes to the consolidated financial statements
5 Assets held for sale and discontinued operations
- continued
6 Segment reporting
Financials
million
Total Schuitema
56 stores retained
Total sold
Fair value (100%)
703
208
495
Non-controlling interest (26.8%)
(188)
(55)
(133)
Fair value of Ahold's 73.2% interest
515
153
362
The retained stores were transferred to the Albert Heijn segment in several tranches and converted into Albert Heijn stores during the
second half of 2008 and in early 2009.
Schuitema's results for 2008 and prior years were classified in their entirety as results from discontinued operations. The assets and
liabilities related to these stores (primarily land and buildings and finance lease assets and liabilities) were retained on Ahold's
consolidated balance sheet at their carrying amounts. The 26.8 percent non-controlling interest related to the 56 retained stores was
effectively acquired by Ahold. The excess of the fair value paid over the existing carrying amount of the non-controlling interest, related
to the retained stores, amounted to €54 million and was recognized directly in equity.
In addition to the assets and liabilities retained, Ahold also acquired real estate related to certain of the retained stores from a third party
for €51 million. Furthermore, as part of the transaction, Ahold acquired preference shares for €50 million, representing a 20 percent
indirect interest in Schuitema. For more information on these preference shares, see Note 15.
Ahold's retail operations are presented in four reportable segments. In addition, Other retail, consisting of Ahold's unconsolidated joint
ventures ICA and JMR, and Ahold's Corporate Center are presented separately. Ahold's 73.2 percent stake in Schuitema, which was sold
in 2008, also represented a separate reportable segment. The accounting policies used for the segments are the same as the accounting
policies used for the consolidated financial statements as described in Note 3.
Reportable segment Significant operations in the segment
Stop Shop/Giant-Landover
Giant-Carlisle
Albert Heijn
Albert/Hypernova
Stop Shop, Giant-Landover and Peapod
Giant-Carlisle
Albert Heijn, Etos, Gall Gall and Ahold Coffee Company
Czech Republic and Slovakia
Other segment
Significant operations in the segment
Other retail
Corporate Center
Unconsolidated joint ventures ICA (60%) and JMR (49%)
Corporate staff (the Netherlands, Switzerland and the United States)
Ahold operates in the following geographical regions, identified on the basis of the location of stores:
Geographical region
Significant operations included in the geographical region
United States
The Netherlands
Europe - Other
Stop Shop, Giant-Landover, Giant-Carlisle, Peapod and corporate staff (United States)
Albert Heijn, Etos, Gall Gall, Ahold Coffee Company and corporate staff (the Netherlands)
Albert/Hypernova (Czech Republic and Slovakia), corporate staff (Switzerland) and the
unconsolidated joint ventures ICA (60%) and JMR (49%)
Net sales (excluding intersegment sales)
million
2009
20081
Stop Shop/Giant-Landover
Giant-Carlisle
Albert Heijn
Albert/Hypernova
12,839
3,560
9,843
1,683
11,666
3,238
8,972
1,772
Ahold Group
27,925
25,648
Region
United States
The Netherlands
Europe - Other
16,399
9,843
1,683
14,904
8,972
1,772
Ahold Group
27,925
25,648
1 Comparative amounts have been adjusted from amounts previously reported to reflect the effect of the changes in accounting policies and retrospective amendments (see Note 3).
Ahold Annual Report 2009 70
