financial statements
20 Equity attributable to common shareholders
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Ahold Annual Report 2012 10Ó
Ahold at a glance
Our strategy
Our performance
Governance
Financials
Investors
Notes to the consolidated
Shares and share capital
Authorized share capital is comprised of the following classes of shares as of December 30, 2012:
million
Common shares (1,700,000,000 of €0.30 par value each)
510
Cumulative preferred shares (1,250,000 of €500 par value each)
625
Total authorized share capital
1,135
In addition, Ahold has cumulative preferred financing shares outstanding. These cumulative preferred financing shares are considered debt under IFRSs until the date that Ahold receives
irrevocable notification from a holder of cumulative preferred financing shares to convert these shares into common shares. Upon this notification, the cumulative preferred financing shares
are classified as a separate class of equity since they no longer meet the definition of a liability. For disclosures regarding Ahold's cumulative preferred financing shares, see Note 22.
Common shares and additional paid-in capital
Changes in the number of common shares and the number of treasury shares were as follows:
Number of common
Number of common
shares issued and fully
Number of treasury
shares outstanding
paid (x 1,000)
shares (x 1,000)
(x 1,000)
Balance as of January 2, 2011
1,191,888
46,743
1,145,145
Share buyback
91,624
(91,624)
Cancellation of treasury shares
(91,000)
(91,000)
Share-based payments
(6,284)
6,284
Balance as of January 1, 2012
1,100,888
41,083
1,059,805
Share buyback
26,832
(26,832)
Cancellation of treasury shares
(39,900)
(39,900)
Share-based payments
(5,534)
5,534
Balance as of December 30, 2012
1,060,988
22,481
1,038,507
Dividends on common shares
On April 17, 2012, the General Meeting of Shareholders approved the dividend over 201 1 of €0.40 per common share (€415 million in the aggregate). The dividend was paid on
May 2, 2012. The Corporate Executive Board, with the approval of the Supervisory Board, proposes that a dividend of €0.44 per common share be paid in 2013 with respect to 2012. This
dividend is subject to approval by the General Meeting of Shareholders and has not been included as a liability on the consolidated balance sheet as of December 30, 2012. The payment
of this dividend will not have income tax consequences for the Company.
Share buyback
On March 1 9, 2012, Ahold completed its €1 billion share buyback program announced on March 3, 2011. Under this program, 106,814,343 of the Company's own shares were
repurchased and delivered in 2011 and 2012 (201 1: 79,982,258 and 2012: 26,832,085) for a total consideration of €1 billion (201 1€723 million and 2012: €277 million), at an
average price of €9.36 (201 1€9.04 and 2012: €10.33).
On February 24, 2011, Ahold completed its €500 million share buyback program announced on March 4, 2010. The total number of shares repurchased under the program over the
period from April 6, 2010, through February 24, 2011was 50,359,330 common shares (201 1: 11,641,727 and 201 0: 38,71 7,603), for a total consideration of €500 million (201 1
€114 million and 2010: €386 million), at an average price of €9.93 (2011€9.80 and 2010: €9.96).
Of the total shares repurchased, 39,900,000 were cancelled on July 9, 2012, 30,000,000 were cancelled on June 7, 2011, and 61,000,000 on December 23, 2011
