H
97
fitilUE3
5 Assets and liabilities held for sale and discontinued operations (continued)
-
6 Segment reporting
Our strategy
Our performance
Governan
Financials
Investors
Ahold Annual Report 2013
Upon signing a binding sale agreement and qualification as held for sale, the disposal group was measured at fair value less cost to sell and an onerous contract provision was recognized for
the loss on divestment. In connection with the divestment of Slovakia, Ahold recorded a loss of €20 million as presented below:
million
Loss before taxes
Income taxes
Net of income taxes
Impairment loss on the measurement to fair value le
ss cost to sell
(16)
4
(12)
Loss on divestment1
(12)
5
(7)
Transaction costs
(1)
(1)
Result on divestment of Slovakia
(29)
9
(20)
1 Income tax benefits include the recognition of a €2 million deferred tax asset resulting trom the difference between the carrying value and the tax base of Ahold's investment in the Slovakian business.
BI-LO Bruno's
Two former subsidiaries of Ahold, BI-LO, LLC and Bruno's Supermarkets, LLC (BI-LO and Bruno's), filed for protection under Chapter 11 of the U.S. Bankruptcy Code in 2009. Related to
obligations under the lease guarantees, the Company recognized a provision, after tax, of €62 million in 2009. In 2010, the reorganized BI-LO exited bankruptcy protection. In 2013, Ahold
recognized a reduction of €3 million (2012: a reduction of €3 million) in its provision, after tax, within results on divestments. For a description of the remaining provisions, see Note 34.
Reportable segments
Ahold's retail operations are presented in three reportable segments. In addition, Other retail, consisting of Ahold's unconsolidated joint venture JMR, and Ahold's Corporate Center are
presented separately. Ahold's previously reported segment "Other Europe" has been renamed "Czech Republic" following the classification of Ahold's business in Slovakia as a discontinued
operation. The accounting policies used for the segments are the same as the accounting policies used for the consolidated financial statements as described in Note 3.
Reportable segment
Included in the Reportable segment
Ahold USA
The Netherlands
Czech Republic
Stop Shop New England, Stop Shop New York Metro, Giant Landover, Giant Carlisle and Peapod
Albert Heijn, Albert Heijn Belgium, Albert Heijn Germany, Etos, Gall Gall, bol.com and albert.nl
Albert
Other Included in Other
Other retail Unconsolidated joint venture JMR (49%)
Corporate Center Corporate Center staff (the Netherlands, Switzerland and the United States)
Net sales
million
2013
2012
(restated)1
Ahold USA
19,676
20,112
The Netherlands
11,494
11,054
Czech Republic
1,445
1,516
Ahold group
32,615
32,682
1 See Note 3 for an explanation of the restatements.
