O www.ahold.com/reports2009
Notes to the consolidated financial statements
24 Provisions - continued
25 Other non-current liabilities
26 Other current financial liabilities
27 Other current liabilities
Financials
Onerous contracts
Onerous contract provisions mainly relate to unfavorable lease contracts and include the excess of the unavoidable costs of meeting
the obligations under the contracts over the benefits expected to be received under such contracts. In 2009, Ahold recognized additional
provisions related to the financial obligations under various lease guarantees that Ahold had previously provided to landlords of its former
BI-LO and Bruno's subsidiaries in the amount of €109 million, within results on divestment. For more information, see Note 34.
Other provisions include asset retirement obligations, provisions for environmental risks and supplemental and severance payments,
other than those resulting from restructurings.
January 3,
December 28,
million
2010
2008
Step rent accruals
141
117
Deferred income
47
55
Other
14
12
Total other non-current liabilities
202
184
Step rent accruals relate to the equalization of rent payments from lease contracts with scheduled fixed rent increases throughout the life
of the contract.
Deferred income predominantly represents the non-current portions of deferred gains on sale and leaseback transactions.
January 3,
December 28,
million
2010
20081
Loans - current portion (see Note 21)
369
372
Interest payable
58
64
Finance lease liabilities - current portion (see Note 22)
51
50
Short-term borrowings
38
37
Dividend cumulative preferred financing shares
32
31
Other
16
24
Total other current financial liabilities
564
578
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).
January 3,
December 28,
million
2010
20081
Accrued expenses
549
567
Compensated absences
216
225
Payroll taxes, social security and VAT
172
179
Deferred income
89
30
Other
5
4
Total other current liabilities
1,031
1,005
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 94
