Notes to the consolidated financial statements
104
18 Other current financial assets
-
19 Cash and cash equivalents
20 Equity attributable to common shareholders
Shares and share capital
Ahold at a glance
Business review
Governance
Financials
Ahold
Annual Report 2015
millior
January 3,
2016
December 28,
2014
Short-term deposits and similar instruments
528
262
Reinsurance assets - current portion (see Note 15)
68
60
Other
1
Total other current financial assets
596
323
As of January 3, 2016, short-term deposits and similar instruments included short-term investments with a maturity at acquisition of between three and twelve months.
Of the short-term deposits and similar instruments as of January 3, 2016, €10 million was restricted (December 28, 2014: €16 million). This primarily consisted of investments held for insurance purposes for U.S. workers'
compensation and general liability programs.
"Other" included in "Other current financial assets" in 2014 mainly consisted of the current portion of the derivative financial instruments. For more information on financial instruments and fair values, see Note 30.
January 3,
December 28,
million
2016
2014
Cash in banks and cash equivalents
1,363
1,281
Cash on hand
463
343
Total cash and cash equivalents
1,826
1,624
Of the cash and cash equivalents as of January 3, 2016, €7 million was restricted (December 28, 2014: €9 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 €216 million and €184 million as of January
3, 2016, and December 28, 2014, respectively. No right to offset with other bank balances exists for these book overdraft positions.
Authorized share capital comprises the following classes of shares as of January 3, 2016:
million
2015
2014
Common shares (2015: 1,171,000,000 at €0.01 par value each, and 2014: 1,700,000,000 of €0.01 par value each)
12
17
Cumulative preferred shares (2015: 30,000 of €500 par value each, and 2014: 43,520 of €500 par value each)
15
22
Total authorized share capital
27
39
In addition, Ahold has cumulative preferred financing shares outstanding. These cumulative preferred financing shares are considered debt under IFRS until the date that Ahold receives irrevocable notification from a holder
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 since they no longer meet the
definition of a liability. For disclosures regarding Ahold's cumulative preferred financing shares, see Note 22.
