139
Other information
Independent auditor's report
Report on the financial statements
Report on other legal and regulatory requirements
Ahold
Annual Report 2011
Groupata glance
Performance
Governance
Investors
To: the Shareholders, Supervisory Board and Corporate Executive
Board of Koninklijke Ahold N.V.
We have audited the accompanying financial statements for the
year ended January 1, 2012 of Koninklijke Ahold N.V., Zaandam.
The financial statements include the consolidated financial
statements and the parent company financial statements. The
consolidated financial statements comprise the consolidated
balance sheet as at January 1, 2012, the 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 the significant accounting policies and
other explanatory information. The parent company financial
statements comprise the parent company balance sheet as at
January 12012, the parent company income statement for the
year then ended and the notes, comprising a summary of the
accounting policies and other explanatory information.
Management's responsibility
Management is responsible for the preparation and fair
presentation of these financial statements in accordance with
International Financial Reporting Standards as adopted by the
European Union and with Part 9 of Book 2 of the Dutch Civil Code,
and for the preparation of the management report in accordance
with Part 9 of Book 2 of the Dutch Civil Code. Furthermore
management is responsible for such internal control as it
determines is necessary to enable the preparation of the financial
statements that are free from material misstatement, whether due
to fraud or error.
Auditor's responsibility
Our responsibility is to express an opinion on these financial
statements based on our audit. We conducted our audit in
accordance with Dutch law, including the Dutch Standards on
Auditing. This requires that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurance
about 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 1, 2012 and of its result and its cashflows 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 Dutch Civil Code.
Opinion with respect to the parent company finandal 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 1, 2012 and of its result for the year then ended in
accordance with Part 9 of Book 2 of the Dutch Civil Code.
Pursuant to the legal requirement under Section 2:393 sub 5 at e
and f of the Dutch Civil Code, we have no deficiencies to report as
a result of our examination whether the management report, to the
extent we can assess, has been prepared in accordance with Part
9 of Book 2 of this Code, and whether the information as required
under Section 2:392 sub 1 at b-h has been annexed. Further we
report that the management report, to the extent we can assess, is
consistent with the financial statements as required by Section
2:391 sub 4 of the Dutch Civil Code.
Amsterdam, February 29, 2012
Deloitte Accountants B.V.
P.J.M.A. van de Goor
