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Independent auditor's report
Ahold Annual Report 2012
Ahold at a glance
Our strategy
To: the Shareholders, Supervisory Board and Corporate Executive Board
of Koninklijke Ahold N.V.
Report on the financial statements
We have audited the accompanying financial statements for the year ended December 30,
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 December 30, 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 December 30, 2012, 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.
Our performance
Governan
Financials
Investors
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 December 30, 2012 and of its result and its cash
flows 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 financial 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 December 30, 2012 and of its result for the
year then ended in accordance with Part 9 of Book 2 of the Dutch Civil Code.
Report on other legal and regulatory requirements
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 27, 201 3
Deloitte Accountants B.V.
PJ.MA van de Goor