Notes to the
parent company
financial statements
I Significant accounting policies
3 Employees
2 Expenses by nature
Overview
Business review
Governance
Financials
Investors
Ahold Delhaize Annual Report 2016
The increase in other operational expenses are mainly attributable to merger-related expenses.
The net pension liability and the net pension expense are calculated on the basis of the parent company’s active employees only.
Basis of preparation
Ahold Delhaize’s parent company financial statements have been prepared in accordance with Part 9, Book 2 of the Dutch Civil Code.
In accordance with subsection 8 of section 362, Book 2 of the Dutch Civil Code, the recognition and measurement principles applied in these
parent company financial statements are the same as those applied in the consolidated financial statements (see Note 3to the consolidated
financial statements).
The average number of employees of Koninklijke Ahold Delhaize N.V. in full-time equivalents during 2016 was six (2015: seven), of whom none were
employed outside the Netherlands. During 2015, substantially all employees of Koninklijke Ahold Delhaize N.V. were transferred to a subsidiary.
The current employees of Koninklijke Ahold Delhaize N.V. consist primarily of members of the Executive Committee including the Management
Board. Salaries, social security charges and pension expenses amounted to €18 million, €0.8 million and €0.1 million, respectively, for 2016 (2015:
expenses of €17 million, €6 million and €0.3 million, respectively).
Investments in subsidiaries, joint ventures and associates
Investments in subsidiaries, joint ventures and associates are accounted for using the equity method accounting policies as described in Note 3 to
the consolidated financial statements for investments in joint arrangements and associates.
For information on the parent company’s defined benefit pension plan, the remuneration of the Management Board and the Supervisory Board
and the parent company’s share-based compensation plans, see Notes 23, 31 and 32, respectively, to the consolidated financial statements.
The operating expenses are specified by nature as follows:
million
Labor costs
Other operational expenses
Depreciation and amortization
Total expenses by nature
2016
“(26Ï
(95)
(3)
(124)
2015
""(25)'
(59)
(3)
(87)
