86
6 Segment reporting continued
7 Net sales
8 Expenses by nature
Ahold
Annual Report 2011
Group at a glance
Performance
Governance
Investors
Notes to the consolidated financial statements continued
Segment information joint ventures - Other retail (ICA and JMR)
The information presented below with respect to ICA and JMR (on a 100 percent basis) represents amounts that are not consolidated in
the Company's financial statements since the investments in ICA and JMR are accounted for under the equity method, as described in
Notes 3 and 14.
million 2011 2010
Net sales
13,737
12,887
Operating income
430
404
Net income
236
101
Additions to property, plant and equipment, investment property, and intangible assets
372
365
Depreciation and amortization
267
261
Impairment losses net of reversals
7
9
Non-current assets
3,962
4,032
Current assets
2,360
2,119
Non-current liabilities
1,092
1,144
Current liabilities
3,492
3,290
million
2011
2010
Sales to retail customers
27,480
26,938
Sales to franchisees and franchise fees
2,228
2,082
Internet sales
456
426
Other sales
107
84
Net sales
30,271
29,530
The aggregate of cost of sales and operating expenses is specified by nature as follows:
million
2011
2010
Cost of product
21,285
20,517
Employee benefit expenses
4,001
4,072
Other operational expenses
2,367
2,324
Depreciation and amortization
772
785
Rent (income) expense - net
486
483
Impairment losses and reversals - net
25
27
Gains on the sale of assets - net
(12)
(14)
Total expenses
28,924
28,194
