Notes to the consolidated financial statements
10 Income taxes - continued
-
Financials O www.ahold.com/reports2009
Deferred income tax assets and liabilities are offset on the balance sheet when there is a legally enforceable right to offset current tax
assets against current tax liabilities and when the deferred income taxes relate to income taxes levied by the same fiscal authority. The
January 3,
December 28,
million
2010
2008
Deferred tax assets
429
358
Deferred tax liabilities
(173)
(115)
Net deferred tax assets
256
243
As of January 3, 2010, Ahold had operating and capital loss carryforwards of a total nominal amount of €3,602 million, expiring between
2010 and 2028 (December 28, 2008: €2,406 million). The following table specifies the years in which Ahold's operating and capital loss
carryforwards are scheduled to expire:
million 2010 2011 2012 2013 2014 2015-2019 2020-2024 After 2024 Total
Operating and capital losses 16 1,441 1,286 17 40 58 387 357 3,602
Operating and capital loss carryforwards related to one jurisdiction may not be used to offset income taxes in other jurisdictions. Of the
loss carryforwards, €2,647 million relates to U.S. state taxes, for which a weighted average tax rate of 7.0 percent applies.
The majority of the above-mentioned deferred tax assets relate to tax jurisdictions in which Ahold has suffered a tax loss in the current
or preceding period. Significant judgment is required in determining whether deferred tax assets are realizable. Ahold determines this on
the basis of expected taxable profits arising from the reversal of recognized deferred tax liabilities and on the basis of budgets, cash flow
forecasts and impairment models. Where utilization is not considered probable, deferred tax assets are not recognized.
Income taxes in equity
Current and deferred income taxes recognized in and transferred from equity in 2009 and 2008 are as follows:
million 2009 2008
Cash flow hedges
(5)
6
Share-based compensation
2
1
Share issuance costs
5
Total
(3)
12
Ahold Annual Report 2009 76
