Notes to the
consolidated
financial statements
continued
31 Related party transactions continued
17
17
7
Overview
Business review
Governance
Financials
Investors
Ahold Delhaize Annual Report 2016
During 2016 and 2015, the Company entered into the following transactions with unconsolidated related parties:
For the year ended January I, 2017
million
1
1
25
For the year ended January 3, 2016
million
1
6
These unconsolidated related parties consist of:
Stationsdrogisterijen C.V., a joint venture of Ahold Delhaize in the health and beauty care retail business.
JMR, a joint venture of Ahold Delhaize in the retail business (see Note 14).
Cathedral Commons Partners, LLC, a real estate joint venture of Ahold Delhaize.
Super Indo, a joint venture of Ahold Delhaize in the retail business (see Note 14), included in “Other”.
Trading transactions
Ahold Delhaize has entered into arrangements with a number of its subsidiaries and affiliated companies in the course of its business.
These arrangements relate to service transactions and financing agreements. Transactions were conducted at market prices.
Furthermore, the Company’s post-employment benefit plans in the Netherlands and the United States are considered related parties. For more
information on these plans, see Note 23.
“Other,” which includes mainly real estate joint ventures in which Ahold Delhaize has an interest, holding properties operated by Ahold Delhaize
and Loyalty Management Nederland B.V., an associate of Ahold Delhaize that renders services relating to the management of customer loyalty
programs to certain Ahold Delhaize subsidiaries in the Netherlands.
Ahold Delhaize participates in Coopernic and AMS, which are cooperative European purchase alliances towards third-party vendors.
Receivable and payable positions occur with these buying alliances. These transactions are considered to reflect the results of the negotiated
purchasing terms with the third-party vendors. As such, these transactions are not shown in the table above of related party transactions.
Stationsdrogisterijen
JMR
Cathedral Commons
Stationsdrogisterijen
JMR
Purchases from
related parties
Purchases from
related parties
Amounts
receivable from
related parties
Amounts
receivable from
related parties
Commitments to
related parties
Other
Total
Cathedral Commons
Other
Tota l
1
8
2
24
4
26
4
5
1
3
4
14
39
11
12
11
12
26
16
42
Sales to
related parties
5
Sales to
related parties
5
Amounts
payable to
related parties
6
Amounts
payable to Commitments to
related parties related parties
