H 93 4 Acquisitions Our strategy Our performance Governan Financials Investors Ahold Annual Report 2013 2013 acquisitions On August 14, 2012, Ahold announced that its Albert Heijn division had completed the acquisition of 78 C1000 and four Jumbo stores from Jumbo for €290 million in cash, with €264 million paid by December 29, 2013 (2013: credit €1 million and 2012: €265 million) and the remainder to be settled as agreements are reached with the franchisees. During 201 3, 24 of the stores were converted to the Albert Heijn banner (39 stores converted in total by the end of 2013). The remaining 43 franchisee-owned stores are to be converted to the Albert Heijn banner over a period of time, in close cooperation with the entrepreneurs. Goodwill recognized in the amount of €129 million by December 29, 2013 (201 3: €76 million and 2012: €53 million), which will not be deductible for tax purposes, represents expected synergies from the combination of operations, as well as the ability to expand Ahold's geographic reach. The amounts recognized in the financial statements for the stores converted less than 12 months ago were determined on a provisional basis. The 39 individual stores that were converted to the Albert Heijn banner have contributed €149 million to 2013 net sales and an insignificant amount to net income. It is not practicable to provide the 2013 and 2012 pro-forma effect on Ahold's net sales and net income. Other 2013 acquisitions Ahold completed several other minor acquisitions with a total purchase consideration of €1 6 million, including several stores acquired in the Netherlands for €10 million. In addition, the Netherlands acquired the Dutch operation of a sourcing cooperation that was unwound after the sale of ICA. All acquisitions were accounted for using the purchase method of accounting. The allocation of the fair value of the net assets acquired and the goodwill arising from the acquisitions during 2013 is as follows: million Jumbo Other Total Property, plant and equipment - 4 4 Goodwill 76 5 81 Other intangible assets (77) - (77) Current assets - 12 12 Current liabilities - (5) (5) Total purchase consideration (1) 16 15 Assets given up - (6) (6) Acquisition of business, net of cash (1) 10 9

Jaarverslagen | 2013 | | pagina 177