H
KÜ1I3E3
111
14 Investments in joint ventures and associates (continued)
(43)
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Our strategy
Our performance
Governan
Financials
Investors
Ahold Annual Report 2013
JMR
JMR
ICA
Total
million
2013
2012
20121
20121
Summarized statement of comprehensive income
Net sales
3,432
3,295
11,125
14,420
Depreciation and amortization
(100)
(103)
(172)
(275)
Interest income
1
1
9
10
Interest expense
(23)
(19)
(62)
Income tax expense
(27)
(11)
(222)
(233)
Profit from continuing operations
18
10
125
135
Net income
18
10
125
135
Other comprehensive income (loss)
1
2
(13)
(11)
Total comprehensive income
19
12
112
124
Dividends received from joint venture
(26)
(16)
(136)
(152)
1 See Note 3 for an explanation of the restatements.
Share in profit from continuing operations for Ahold's interests in all individually immaterial joint ventures was €1 million (2012: €3 million) and nil for individually immaterial associates
(2012: nil).
The information presented below represents a reconciliation of the summarized financial information presented above to the carrying amount of JMR and ICA.
JMR
ICA
JMR
ICA
million
2013
2013
2012
20121
Opening net assets beginning of the year
375
1,312
395
1,374
Net income
18
(3)
10
125
Other comprehensive income (loss)
1
2
(13)
Dividend
(53)
(32)
(226)
Investments classified from (to) held for sale or sold
(1,352)
Other changes in equity of joint ventures
2
Exchange rate differences
43
50
Closing net assets
341
375
1,312
Interest in joint venture
49%
49%
60%
Goodwill
16
Carrying value1
167
184
803
1 See Note 3 for an explanation of the restatements.