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3 Significant accounting policies (continued)
Ahold at a glance
Notes to the consolidated
financial statements
Our strategy
Our performance
Governan
Financials
Investors
Ahold Annual Report 2013
New accounting policies not yet effective for 2013
IFRS 9, "Financial instruments," addresses the classification, measurement and recognition of
financial assets and financial liabilities. The IASB is adding to the standard as it completes the
various phases of its comprehensive project on financial instruments that are to eventually form
a complete replacement for IAS 39 "Financial Instruments: Recognition and Measurement."
The Company anticipates that the application of IFRS 9 in the future may have an impact on
amounts reported in respect of the Company's financial assets and financial liabilities.
However, it is not practicable to provide a reasonable estimate of the effect of IFRS 9 until a
detailed review has been completed. IFRS 9, as amended in November 2013, amended the
mandatory effective date of this IFRS. The mandatory effective date is not specified in IFRS 9
but will be determined when the outstanding phases are finalized.
Narrow scope amendments to IAS 1 9, "Employee Benefits," entitled "Defined Benefit Plans:
Employee Contributions (Amendments to IAS 19)," apply to contributions from employees or
third parties to defined benefit plans. The objective of the amendments is to simplify the
accounting for contributions that are independent of the number of years of employee service,
for example, employee contributions that are calculated according to a fixed percentage of
salary. The amendments will be effective for the Company as of July 12014, subject to EU
endorsement. Based on the Company's preliminary assessment, the adjustment will result in
an increase of the defined benefit obligation by approximately €26 million and a decrease in
other comprehensive income for the year.