5 Assets and liabilities held for sale and discontinued operations
Ahold Annual Report 2012 90
Ahold at a glance
Our strategy
Our performance
Governance
Financials
Investors
Notes to the consolidated
financial statements
Assets and liabilities held for sale
At year-end 2012, the assets held for sale (€1 million) were included in other current assets and there were no liabilities held for sale. There were no assets and liabilities held for sale at year-
end 201 1.
Discontinued operations
Loss from discontinued operations is specified as follows:
million
2012
2011
BI-LO Bruno's
3
(5)
Various1
(6)
(10)
Results on divestments2
(3)
(15)
Loss from discontinued operations, net of income taxes
(3)
(15)
1 Includes adjustments to the results on various other past divestments.
2 Results on divestments are after net income taxes of nil and net income tax benefits of €7 million in 2012 and 2011, respectively.
See Note 28 for the reconciliation between cash received and results on divestments of discontinued operations.
BI-LO Bruno's
Two former subsidiaries of Ahold, BI-LO, LLC and Bruno's Supermarkets, LLC (BI-LO and Bruno's), filed for protection under Chapter 11 of the U.S. Bankruptcy Code in 2009. Related to
obligations under the lease guarantees, the Company recognized a provision, after tax, of €62 million in 2009. In 2010, the reorganized BI-LO exited bankruptcy protection. In 2012, Ahold
recognized a reduction of €3 million (2011an increase of €5 million) in its provision, after tax, within results on divestments. For a description of the remaining provisions, see Note 34.
