o www.ahold.com/reports2009
Notes to the consolidated financial statements
18 Other current financial assets
19 Cash and cash equivalents
20 Equity attributable to common shareholders
Financials
January 3, December 28,
million 20lO 2008
Short-term deposits
Other
295 -
15 18
Total other current financial assets
310 18
Short-term deposits include cash time deposits with original maturities of more than three months but less than 12 months. As of
January 3, 2010, these deposits are fully collateralized, mainly by equity securities and government and sovereign bonds.
For more information on financial instruments and fair values, see Note 30.
million
January 3, December 28,
2010 2008
Cash in banks and cash equivalents
Cash on hand
2,344 2,541
344 322
Total cash and cash equivalents
2,688 2,863
Cash and cash equivalents include all cash on hand balances, checks, debit and credit card receivables, short-term highly liquid cash
investments and time deposits with original maturities of three months or less. Time deposits with original maturities of more than three
months but less than 12 months are classified as other current financial assets. Bank overdrafts are included in short-term borrowings.
See Notes 18 and 26, respectively.
Of the cash and cash equivalents as of January 3, 2010, €22 million was restricted (December 28, 2008: €19 million). This primarily
consisted of cash held for insurance purposes for U.S. workers' compensation and general liability programs.
Ahold's banking arrangements allow the Company to fund outstanding checks when presented to the bank for payment. This cash
management practice may result in a net cash book overdraft position, which occurs when the total issued checks exceed available cash
balances within the Company's cash concentration structure. Such book overdrafts are classified in accounts payable and amounted to
€159 million and €195 million as of January 3, 2010 and December 28, 2008, respectively. No right to offset with other bank balances
exists for these book overdraft positions.
Shares and share capital
Authorized share capital is comprised of the following classes of shares as of January 3, 2010:
million
Common shares (1,700,000,000 of €0.30 par value each)
510
Cumulative preferred shares (1,250,000 of €500 par value each)
625
Total
1,135
In addition, Ahold has cumulative preferred financing shares outstanding. These cumulative preferred financing shares are considered
debt under IFRSs until the date that Ahold receives irrevocable notification from a holder of cumulative preferred financing shares to
convert these shares into common shares. Upon this notification, the cumulative preferred financing shares are classified as a separate
class of equity as they no longer meet the definition of a liability. For disclosures regarding Ahold's cumulative preferred financing shares,
see Note 22.
Ahold Annual Report 2009 83
