91
11 Property, plant and equipment
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Ahold
Annual Report 2011
Groupata glance
Performance
Governance
Investors
Notes to the consolidated financial statements continued
million
Buildings and land
Stores Other
Furnishings,
machinery and
equipment1
Other1
Under
construction
Total
As of January 3, 2010
At cost
Accumulated depreciation and impairment losses
5,760
(2,054)
551
(185)
3,310
(2,190)
CO CT>
OO 00
189
(4)
9,878
(4,471)
Carrying amount
3,706
366
1,120
30
185
5,407
Year ended January 2, 2011
Additions
89
2
123
12
584
810
T ransfers from under construction
357
6
245
2
(610)
Acquisitions through business combinations
89
10
1
100
Depreciation
(314)
(21)
(338)
(8)
(1)
(682)
Impairment losses
(23)
(6)
(29)
Assets classified as held for sale or sold
(25)
1
(3)
(27)
Other movements
(40)
(2)
1
(1)
(42)
Exchange rate differences
215
12
50
2
11
290
Closing carrying amount
4,054
363
1,206
39
165
5,827
As of January 2, 2011
At cost
6,471
555
3,716
86
165
10,993
Accumulated depreciation and impairment losses
(2,417)
(192)
(2,510)
(47)
(5,166)
Carrying amount
4,054
363
1,206
39
165
5,827
Year ended January 1, 2012
Additions
145
6
110
10
423
694
T ransfers from under construction
190
5
227
2
(424)
Acquisitions through business combinations
32
2
34
Depreciation
(318)
(20)
(337)
(7)
(682)
Impairment losses
(21)
(7)
(28)
Impairment reversals
4
1
5
Assets classified as held for sale or sold
1
3
1
5
Other movements
(10)
1
6
(3)
Exchange rate differences
99
3
25
1
4
132
Closing carrying amount
4,176
360
1,229
45
174
5,984
As of January 1, 2012
At cost
Accumulated depreciation and impairment losses
6,829
(2,653)
567
(207)
3,918
(2,689)
95
(50)
174
11,583
(5,599)
Carrying amount
4,176
360
1,229
45
174
5,984
furnishings were reclassified from the category 'Other' to 'Furnishings, machinery and equipment'.
Buildings and land includes improvements to these assets. "Other" buildings and land mainly includes distribution centers. "Other"
property, plant and equipment mainly consists of trucks, trailers, and other vehicles. Assets under construction mainly consists of stores.
In 2011Ahold recognized impairment losses of €28 million. These were related to Ahold USA (€25 million), Other Europe (€2 million), and
the Netherlands (€1 million). The carrying amount of the affected assets exceeded the higher of their value in use and fair value less costs
to sell. These methods involve estimating future cash flows. The present value of estimated future cash flows has been calculated using
pre-tax discount rates ranging between 7.6 percent and 10.5 percent (2010: 7.8 percent-12.1 percent).
