Operating leases
Operating margin
Organic revenue growth
Other operating expenses
Other operating income
Outstanding shares
Pay-out ratio (net earnings)
Return on equity
Revenues
Selling, general and
administrative expenses
Total debt
Treasury shares
Underlying operating profit
Weighted average number
of shares outstanding
Withholding tax
A lease that does not qualify as a
finance lease and therefore is not
recorded on the balance sheet.
Operating lease costs are classified
in rent expense in cost of sales and
in selling, general and administra
tive expenses.
Operating profit divided by revenues.
Sales growth excluding sales from
acquisitions and divestitures at
identical currency exchange rates,
and adjusted for calendar effects.
Primarily store closing expenses,
impairment losses, losses on the
sale of fixed assets and hurricane-
related expenses.
Primarily rental income on invest
ment property, gains on sale of
fixed assets, recycling income and
services rendered to wholesale cus
tomers.
The number of shares issued by the
Company, excluding treasury shares.
Proposed dividends on current year
earnings divided by current year
Group share in net profit.
Group share in net profit (loss) divided
by average shareholders' equity.
Revenues include the sale of goods
and point of sale services to cus
tomers, including wholesale and
affiliated customers, relating to the
normal activity of the Company (the
sale of groceries and pet products),
net of discounts, allowances and
rebates granted to those customers.
Selling, general and administrative
expenses include store operating
expenses, costs incurred for activi
ties which serve securing sales,
administrative and advertising
expenses.
SKU
Stock Keeping Unit.
Long-term financial liabilities,
including current portion and obli
gations under finance leases, plus
short-term financial liabilities net
of derivative instruments related to
financial liabilities.
Shares repurchased by one of the
Group's legal entities and that are
not cancelled as of year-end date.
Treasury shares are excluded from
the number of shares outstanding
and excluded from the calculation
of the weighted average number of
shares for the purpose of calculat
ing earnings per share.
Operating profit (as reported)
excluding fixed assets impairment
charges, restructuring charges,
store closing expenses, gains/
losses on disposal of fixed assets
and other items that management
considers as not being representa
tive of the Group's operating perfor
mance of the period.
Number of shares outstanding at the
beginning of the period less treasury
shares, adjusted by the number of
shares cancelled, repurchased or
issued during the period multiplied
by a time-weighting factor.
Withholding by a corporation or
financial institution of a certain per
centage of dividend payments due
to tax legislation.
DELHAIZE GROUP ANNUAL REPORT '12 173
