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Independent auditor's report
Our strategy
Our performance
Governance
Financials
Investors
V
Ahold Annual Report 2013
To the General Meeting of Koninklijke Ahold N.V.
Report on the audit of the financial statements
Our opinion
In our opinion,
the consolidated financial statements give a true and fair view of the financial position of Koninklijke Ahold N.V. (the 'Company') and its subsidiaries (the 'Group') as at December 29,
2013, and of their result and cash flows for the year then ended in accordance with International Financial Reporting Standards as adopted by the European Union (EU-IFRS) and with
Part 9 of Book 2 of the Dutch Civil Code.
the company financial statements give a true and fair view of the financial position of Koninklijke Ahold N.V. as at December 29, 2013, and of its result for the year then ended in
accordance with Part 9 of Book 2 of the Dutch Civil Code.
What we have audited
We have audited the financial statements 2013 of Koninklijke Ahold N.V., Zaandam.
These financial statements include:
the consolidated financial statements which comprise the consolidated balance sheet as at December 29, 2013, the consolidated income statement, the consolidated statements of
comprehensive income, changes in equity and cash flows for the year then ended, and notes, comprising a summary of the significant accounting policies and other explanatory
information; and
the company financial statements which comprise the company balance sheet as at December 29, 2013, the company income statement for the year then ended and the notes,
comprising a summary of the significant accounting policies and other explanatory information.
The basis for our opinion
We conducted our audit in accordance with Dutch law, including the Dutch Standards on Auditing. Our responsibilities under those standards are further described in the section Our
responsibilities for the audit of the financial statements as included in the appendix to our report.
We are independent of the Company within the meaning of the relevant Dutch ethical requirements as included in the 'Verordening op de gedrags- en beroepsregels accountants' (VGBA) and
the 'Verordening inzake de onafhankelijkheid van accountants bij assurance-opdrachten' (ViO) and have fulfilled our other responsibilities under those ethical requirements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Overview of the scope of our audit
Our Group audit scope focused on covering all significant reporting units. This analysis included significant reporting units where the Company has control, amongst others but not limited to
the Netherlands, the United States and the Czech Republic, and a significant reporting unit where the Company has joint control with an unrelated party in Portugal. We subsequently
determined the type of work that needed to be performed at each of the reporting units and identified those reporting units which, in our view, required a full audit of their complete financial
information, either due to their size or their risk characteristics. This, together with additional procedures performed on Group level, gave us sufficient evidence we needed for our opinion on the
Group financial statements as a whole.
The key audit matters from our audit
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial statements. Key audit matters are selected from the matters
communicated with the Management Board and the Supervisory Board, but are not intended to represent all matters that were discussed with them. Our audit procedures relating to these
matters were designed in the context of our audit of the financial statements as a whole. Our opinion on the financial statements is not modified with respect to any of the key audit matters
described below, and we do not express an opinion on these individual matters.
