Notes to the consolidated financial statements 109 23 Pensions and other post-employment benefits (continued) 205 267 80 62 107 6 1,012 1,017 18 40 45 30 684 360 (45) 105 3,993 184 166 87 68 100 4 840 861 14 41 48 31 602 (22) 10 163 (2) 3,195 48 58 66 29 32 46 146 174 38 54 33 316 17 1,057 45 48 59 27 30 41 106 143 37 23 19 265 854 Ahold at a glance Business review Governance Financials Ahold Annual Report 2014 Plan assets The pension plan asset allocation differs per plan. On a weighted average basis, the allocation of plan assets was as follows: The Netherlands 2014 2013 2014 United States 2013 Equity instruments: Consumer goods Financial services Telecommunications and information Energy and utilities Industry Other Debt instruments: Government Corporate bonds (investment grade) Corporate bonds (non-investment grade) Other Real estate: Retail Offices Residential Other Investment funds Derivatives: Interest rate swaps Forward foreign exchange contracts Cash and cash equivalents Other Total Virtually all equity and debt instruments have quoted prices in active markets. Derivatives can be classified as level 2 instruments and real estate and some investment funds as level 3 instruments based on the definitions in IFRS 13, Fair value measurement. It is the policy of the Dutch pension plan to use interest rate swaps to hedge its exposure to interest rate risk. Foreign currency exposures are hedged by the use of forward foreign exchange contracts.

Jaarverslagen | 2014 | | pagina 12