11 Derivatives (continued)
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12 Related party transactions
Ahold Annual Report 2012 148
Ahold at a glance
Our strategy
Our performance
Governance
Financials
Investors
Notes to the parent company
financial statements
Non-current hedging derivatives - liabilities
Hedging
Other
derivatives
derivatives
2012
2011
million
external
intercompany
Total
Total
Beginning of year
89
239
328
416
Reclassification to current liabilities
(141)
Fair value changes
86
41
127
53
End of year
175
280
455
328
Fair value changes include exchange rate differences and installments paid on a cross-currency swap that was entered into on behalf of one of the parent company's subsidiaries.
Koninklijke Ahold N.V. has entered into arrangements with a number of its subsidiaries and affiliated companies in the course of its business. These arrangements relate to service transactions
and financing agreements and were conducted at market prices.
