Notes to the
parent company
financial statements
4 Auditor fees
continued
5 Income taxes
Overview
Business review
Governance
Financials
Investors
Ahold Delhaize Annual Report 2016
4,460
7,669
The audit-related fees in 2015 mainly relate to assurance services provided by PwC in connection with the merger between Ahold and Delhaize.
The following table specifies the current and deferred tax components of income taxes in the income statement:
2016
2015
Tax rate
Tax rate
Income before income taxes
97
25.0%
19
25.0%
9
11.4%
28
36.4%
“Reserves, (non-)deductibles and discrete items” include one-time transactions.
Expenses for services provided by the parent company’s independent auditor, PricewaterhouseCoopers Accountants N.V. (PwC) and its member
firms and affiliates to Ahold Delhaize and its subsidiaries in 2016 and in 2015, are specified as follows:
The audit fees listed above relate to the procedures applied to the Company and its consolidated group entities by accounting firms and external
auditors as referred to in Section 1, subsection 1 of the Audit Firms Supervision Act (“Wet toezicht accountantsorganisaties - Wta”) as well as by
Dutch and foreign-based accounting firms, including their tax services and advisory groups. These audit fees relate to the audit of the financial
statements, regardless of whether the work was performed during the financial year.
Effective income tax rate
The following table reconciles the statutory income tax rate with the effective income tax rate in the income statement:
Income tax expense at statutory tax rate
Adjustments to arrive at effective income tax rate:
Reserves, (non-)deductibles and discrete items
Total income taxes
Deferred income taxes - the Netherlands
Total income taxes
Audit-related fees
Tax advisory fees
Total
Total
2016
9,509
394
83
9,986
thousand
Audit fees
million
Current income taxes - the Netherlands
(1)
96
2016
97
(1)
96
2015
22
6
28
PwC
2,120
5,549
Total
2015
4,542
7,086
5
11,633
PwC
4,152
308
Member
firms
affiliates
5,357
86
83
5,526
Member
firms
ffiliai
2,422
1,537
5
3,964
million
(386)
million
(77)
(0.1)%
24.9%
