Notes to the consolidated financial statements
99
19 Cash and cash equivalents
20 Equity attributable to common shareholders
Shares and share capital
Common shares and additional paid-in capital
Ahold at a glance
Business review
Governance
Financials
Ahold
Annual Report 2014
millior
December 28,
2014
December 29,
2013
Cash in banks and cash equivalents
1,281
2,206
Cash on hand
343
290
Total cash and cash equivalents
1,624
2,496
Of the cash and cash equivalents as of December 28, 2014, €9 million was restricted (December 29, 2013: €4 million). This primarily consisted of cash held in escrow accounts mainly related to pending litigations and
construction activities.
Ahold's banking arrangements allow the Company to fund outstanding checks when presented to the bank for payment. This cash management practice may result in a net cash book overdraft position, which occurs when
the total issued checks exceed available cash balances within the Company's cash concentration structure. Such book overdrafts are classified in accounts payable and amounted to €184 million and €166 million as of
December 28, 2014, and December 29, 2013, respectively. No right to offset with other bank balances exists for these book overdraft positions.
Authorized share capital is comprised of the following classes of shares as of December 28, 2014:
million
2014
2013
Common shares (2014: 1,700,000,000 of €0.01 par value each, 2013: 1,700,000,000 of €0.30 par value each)
17
510
Cumulative preferred shares (2014: 43,520 of €500 par value each, and 2013: 1,250,000 of €500 par value each)
22
625
Total authorized share capital
39
1,135
In addition, Ahold has cumulative preferred financing shares outstanding. These cumulative preferred financing shares are considered debt under IFRSs until the date that Ahold receives irrevoca
of cumulative preferred financing shares to convert these shares into common shares. Upon this notification, the cumulative preferred financing shares are classified as a separate class of equity
definition of a liability. For disclosures regarding Ahold's cumulative preferred financing shares, see Note 22.
ble notification from a holder
since they no longer meet the
Changes in the number of common shares and the number of treasury shares were as follows:
Number of common
shares issued and fully N
paid (x1,000)
umber of treasury
shares (x 1,000)
Number of common
shares outstanding
(x 1,000)
Balance as of December 30, 2012
1,060,988
22,481
1,038,507
Share buyback
61,009
(61,009)
Share-based payments
(4,995)
4,995
Balance as of December 29, 2013
1,060,988
78,495
982,493
Share buyback
92,485
(92,485)
Reverse stock split
(81,615)
(7,999)
(73,616)
Cancellation of treasury shares
(85,000)
(85,000)
Share-based payments
(6,205)
6,205
Balance as of December 28, 2014
894,373
71,776
822,597
