Notes to the consolidated financial statements
32 Share-based compensation - continued
33 Operating leases
Financials O www.ahold.com/reports2009
The following table summarizes information about the total number of outstanding share options at January 3, 2010:
Exercise price (range)
Number
outstanding and
exercisable at
January 3,
2010
Weighted
average
exercise
price
Weighted
average
remaining
contractual
years
5.83 - 6.57
11.65
26.63 - 34.36
Total
4,088,630
1,847,150
1,887,233
7,823,013
6.25
11.65
33.47
3.39
2.98
1.51
Ahold as lessee
Ahold leases a significant number of its stores, as well as distribution centers, offices and other assets, under operating lease arrangements.
The aggregate amounts of Ahold's minimum lease commitments payable to third parties under non-cancelable operating lease contracts
are disclosed in the table below. The total 2008 amount of €5,886 million includes an increase of €199 million, primarily reflecting the
inclusion of the land component of land and building leases, to correct the amount disclosed in Ahold's 2008 Annual Report:
January 3, December 28,
million 2010 2008
Within one year 600 586
Between one and five years 2,042 1,994
After five years 3,108 3,306
Total 5,750 5,886
Certain store leases provide for contingent additional rentals based on a percentage of sales and consumer price indices. Substantially
all of the store leases have renewal options for additional terms. None of Ahold's leases impose restrictions on the ability of Ahold to pay
dividends, incur additional debt, or enter into additional leasing arrangements.
The annual costs of Ahold's operating leases from continuing operations, net of sublease income, are as follows:
million 2009 2008
Minimum rentals 610 550
Contingent rentals 49 44
Sublease income (93) (80)
Total 566 514
In addition to the operating lease commitments disclosed above, Ahold has signed lease agreements for properties under development
for which it has not yet taken possession. The total future minimum lease payments for these agreements amount to approximately
€435 million (2008: €508 million). These lease contracts are subject to conditions precedent to the rent commencement date.
Ahold as lessor
Ahold rents out its investment properties (mainly retail units in shopping centers containing an Ahold store). Ahold also (partially) subleases
various other properties, which are leased by Ahold under operating leases. The aggregate amounts of the related future minimum lease
and sublease payments receivable under non-cancelable lease contracts are disclosed in the table below. The total 2008 amount of
€1,128 million includes a decrease of €302 million, primarily related to rental income from locations rented to BI-LO and U.S. Foodservice,
to correct the amount disclosed in Ahold's 2008 Annual Report:
January 3, December 28,
million 2010 2008
Within one year
179
172
Between one and five years
438
447
After five years
460
509
Total
1,077
1,128
The total contingent rental income recognized during the year on all leases where Ahold is the lessor was €6 million (2008: €4 million).
Ahold Annual Report 2009 108
