10 Income taxes continued
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Notes to the consolidated financial statements continued
Ahold
Annual Report 2010
Group at a glance
Performance
Governance
Financials
Investors
As of January 2, 2011, Ahold had operating and capital loss carryforwards of a total nominal amount of €4,057 million, expiring between
2011 and 2029 (January 3, 2010: €3,602 million). The following table specifies the years in which Ahold's operating and capital loss
carryforwards are scheduled to expire:
2016- 2021- After
million 2011 2012 2013 2014 2015 2020 2025 2025 Total
Operating and capital losses 1,564 1,372 4 14 49 97 618 339 4,057
Operating and capital loss carryforwards related to one jurisdiction may not be used to offset income taxes in other jurisdictions. Of the loss
carryforwards, €3,065 million relates to U.S. state taxes, for which a weighted average tax rate of 6.4 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 2010 and 2009 are as follows:
million 2010 2009
Share-based compensation
7
2
Cash flow hedges
6
(5)
Currency translation differences in foreign interests
(1)
Total
12
(3)
