90
10 Income taxes continued
Ahold
Annual Report 2011
Groupata glance
Performance
Governance
Investors
Notes to the consolidated financial statements continued
As of January 1, 2012, Ahold had operating and capital loss carryforwards of a total nominal amount of €2,771 million, expiring between
2012 and 2031 (January 2, 2011: €4,057 million). The following table specifies the years in which Ahold's operating and capital loss
carryforwards are scheduled to expire:
2017- 2022- After
million 2012 2013 2014 2015 2016 2021 2026 2026 Total
Operating and capital losses1,41714124313 282 502 488 2,771
Operating and capital loss carryforwards related to one jurisdiction may not be used to offset income taxes in other jurisdictions. Of the loss
carryforwards, €2,550 million relates to U.S. state taxes, for which a weighted average tax rate of 6.05 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
a 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 2011 and 2010 are as follows:
million
2011
2010
Share-based compensation
(3)
7
Cash flow hedges
11
6
Currency translation differences in foreign interests
1
(1)
Total
9
12
