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Auditor's report
Other information
To the Shareholders, Supervisory Board and Corporate Executive
Board of Koninklijke Ahold N.V.
Report on the financial statements
We have audited the accompanying financial statements for the
year ended January 3, 2010 of Koninklijke Ahold N.V., Zaandam.
The financial statements consist of the consolidated financial
statements and the parent company financial statements. The
consolidated financial statements comprise the consolidated
balance sheet as at January 3, 2010, consolidated income
statement, consolidated statement of comprehensive income,
consolidated statement of changes in equity and consolidated
statement of cash flows for the year then ended and notes,
comprising a summary of significant accounting policies and other
explanatory information. The parent company financial statements
comprise the parent company balance sheet as at January 3,
2010, the parent company income statement for the year then
ended and the notes.
Management's responsibility
Management is responsible for the preparation and fair
presentation of the financial statements in accordance with
International Financial Reporting Standards as adopted by the
European Union and with Part 9 of Book 2 of the Netherlands
Civil Code, and for the preparation of the management report in
accordance with Part 9 of Book 2 of the Netherlands Civil Code.
This responsibility includes: designing, implementing and
maintaining internal control relevant to the preparation and fair
presentation of the financial statements that are free from material
misstatement, whether due to fraud or error; selecting and
applying appropriate accounting policies; and making accounting
estimates that are reasonable in the circumstances.
Auditor's responsibility
Our responsibility is to express an opinion on the financial
statements based on our audit. We conducted our audit in
accordance with Dutch law. This law requires that we comply
with ethical requirements and plan and perform the audit to obtain
reasonable assurance whether the financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence
about the amounts and disclosures in the financial statements.
The procedures selected depend on the auditor's judgment,
including the assessment of the risks of material misstatement of
the financial statements, whether due to fraud or error. In making
those risk assessments, the auditor considers internal control
relevant to the entity's preparation and fair presentation of the
financial statements in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the entity's internal
control. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of accounting
estimates made by management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our audit opinion.
Opinion with respect to the consolidated financial statements
In our opinion, the consolidated financial statements give a true
and fair view of the financial position of Koninklijke Ahold N.V.
as at January 3, 2010, and of its result and its cash flow for
the year then ended in accordance with International Financial
Reporting Standards as adopted by the European Union and
with Part 9 of Book 2 of the Netherlands Civil Code.
Opinion with respect to the parent company financial statements
In our opinion, the parent company financial statements give a
true and fair view of the financial position of Koninklijke Ahold N.V
as at January 3, 2010, and of its result for the year then ended
in accordance with Part 9 of Book 2 of the Netherlands Civil Code.
Report on other legal and regulatory requirements
Pursuant to the legal requirement under 2:393 sub 5 part f
of the Netherlands Civil Code, we report, to the extent of our
competence, that the management report is consistent with
the financial statements as required by 2:391 sub 4 of the
Netherlands Civil Code.
Deloitte Accountants B.V
M.R. van Leeuwen
Amsterdam, The Netherlands
March 3, 2010
Ahold Annual Report 2009 121
