15. Ca sh and Cash Equivalents
16. E
I h e movement of the bad debt allowance account was as follows.
(in
f
Bad debt allowance as of January 1
Ad dition (recognized in profit or loss)
Currency translation effect
Bad debt allowance at December 31
24
2012
36
2
(7)
2011
2010
29 30
11 6
(4) (8)
31
36
29
The 2011 in crease of other receivables was predominantly due to the amounts receivable from insurance companies in
connection with tornado and hurricane damages in the United States (€29 million).
Cash and cash equivalents were as follows.
(in millions of 2012 2011 2010
D
C
C
Cash an
December 31
932
432
eposits with original
maturity of three months or less
500
100
491
ash at banks
349
244
203
ash on hand
83
88
64
758
Supplemental Cash Flow information:
(in millions of
2012
2011
2010
N
Ion-cash investing and financing activities:
Finance lease obligations incurred for stor
■e properties and equipment
14
35
54
Finance lease obligations terminated for s
tore properties and equipment
24
2
1
As a result of the store closings (announced in the beginning of 2012 as a cons equence of the po rtf olio revie wDelhaize
America terminated several finance lease agreements.
quity
Issued capital
There were 101 921 498, 101 892 190 and 101 555 281 Delh aize Group ordinary shares issued and fully paid at December 31,
2012, 2011 and 2010, respectively (par value of €0.50), of which 1 044 135, 1 183 948 and 988 860 ordinary shares were held in
treasury at December 31, 2012, 2011 and 2010, respectively. Delhaize Group's ordinary shares may be in either dematerialized,
bearer or registered form, within the limits provided for by applicable law. Each shareholder is entitled to one vote for each
ordinary share held on each matter submitted to a vote of shareholders.
In the event of a liquidation, dissolution or winding up of Delhaize Group, holders of Delhaize Group ordinary shares are entitled
to receive, on a pro-rata basis, any proceeds from the sale of Delhaize Group's remaining assets available for distribution. Under
Belgian law, the approval of holders of
Delhaize Grou
p ordinary shares is required for any future capital increases
shareholders are entitled to preferential subscription rights to subscribe to a pro-rata portion of any such future capital increases
of Delhaize Group, subject to certain limitations.
Authorized Capital
As authorized by the Extraordinary General Meeting held on May 24, 2012, the Board of Directors of Delhaize Group may, for a
period of five years expiring in June 2017, within certain legal limits, increase the capital of Delhaize Group or issue convertible
bonds or subscription rights which might result in an increase of capital by a maximum of €5.1 million, corresponding to
a pproxi m ately 10.2 m illion shares. The authorized increase in capital through emission of new shares, convertible debt or
warrants, may be achieved by contributions in cash or, to the extent permitted by law, by contributions in kind or by incorporation
of available or unavailable reserves or of the share premium account. The Board of Directors of Delhaize Group may, for this
increase in capital, limit or remove the preferential subscription rights of Delhaize Group's shareholders, within certain legal limits.
In 2012, Delh aize Group issued 29 308 sh ares of common stock (2011: 336 909; 2010: 684 655) fo r €1 million (2011: €13
million; 2010: €26 million), net of €0 m illion (2011: €6 m illion; 2010: €13 million) representing the portion of the subscription price
funded by Delhaize America, LLC i n the name and for the account of the optionees and net of issue costs.
112 DELHAIZE GROUP FINANCIAL STATEMENTS'^
