Notes to the consolidated financial statements
88
5 Assets and liabilities held for sale and discontinued operations (continued)
6 Segment reporting
Reportable segments
Net sales
Ahold at a glance
Business review
Governance
Financials
Ahold
Annual Report 2015
Upon the divestment in the first quarter of 2014, Ahold recorded a loss of €2 million, offset by a net tax benefit of €1 million as presented below.
million
2014
Proceeds net of cost of disposal
(34)
Net liabilities divested
21
Use of provision on loss on divestment
12
Recognition of financial guarantee (1)
Result on divestment before income taxes
(2)
Income taxes 1
Result on divestment of Slovakia (1)
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. 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.
Operating companies in all reportable segments sell a wide range of perishable and non-perishable food and non-food consumer products.
Reportable segment
Operating segments included in the Reportable segment
Ahold USA
Stop Shop New England, Stop Shop New York Metro, Giant Landover, Giant Carlisle and Peapod
The Netherlands
Albert Heijn (including the Netherlands, Belgium and Germany), Etos, Gall Gall and bol.com
Czech Republic
Albert
Other Included in Other
Other retail
Unconsolidated joint venture JMR (49%)
Corporate Center
Corporate Center staff (the Netherlands, Switzerland and the United States)
million
2015
2014
Ahold USA
23,732
19,557
The Netherlands
12,699
11,696
Czech Republic
1,772
1,521
Ahold group
38,203
32,774