Notes to the
parent company
financial
statements
1 Significant accounting policies
2 Employees
3 Auditor fees
Ahold Annual Report 2012 143
Ahold at a glance
Our strategy
Our performance
Governance
Financials
Investors
Basis of preparation
The parent company financial statements of Ahold have been prepared in accordance with Part 9, Book 2 of the Netherlands Civil Code. In accordance with subsection 8 of section 362,
Book 2 of the Netherlands Civil Code, the recognition and measurement principles applied in these parent company financial statements are the same as those applied in the consolidated
financial statements (see Note 3 to the consolidated financial statements).
Investments in subsidiaries, joint ventures and associates
Investments in subsidiaries, joint ventures and associates are accounted for using the net equity value. Ahold calculates the net equity value using the accounting policies as described in
Note 3 to the consolidated financial statements. The net equity value of subsidiaries comprises the cost, excluding goodwill, of Ahold's share in the net assets of the subsidiary, plus Ahold's
share in income or losses since acquisition, less dividends received. Goodwill paid upon acquisition of an investment in a joint venture or associate is included in the net equity value of the
investment and is not shown separately on the face of the balance sheet.
The average number of employees of Koninklijke Ahold N.V. in full-time equivalents during 2012 was 1 56 (2011143). Salaries, social security charges and pension expenses amounted
to €29 million, €4 million and a recovery of €1 million, respectively, for 2012 (2011expenses of €24 million, €1 million and €2 million, respectively).
For information on the parent company's defined benefit pension plan, the remuneration of the Corporate Executive Board and the Supervisory Board and the parent company's share-based
compensation plans, see Notes 23, 31 and 32, respectively, to the consolidated financial statements.
The net pension assets and the net pension expense are calculated on the basis of the parent company's active employees only.
Expenses for services provided by the parent company's independent auditor, Deloitte Accountants B.V., and its member firms and or affiliates to Ahold and its subsidiaries are specified
as follows:
thousand
Deloitte
Accountants
B.V.
Member
firms
affiliates
Total
2012
Deloitte
Accountants
B.V.
Member
firms
affiliates
Total
2011
Audit fees
2,244
2,381
4,625
2,233
2,314
4,547
Audit-related fees
67
52
119
74
6
80
Tax advisory fees - - -
Other non-audit fees - - -
Total
2,311
2,433
4,744
2,307
2,320
4,627
