Group financial review continued
160
78
Overview
Business review Governance
Financials
Investors
Ahold Delhaize Annual Report 2016
Global Support Office on an IFRS basis
Global Support Office on a pro forma basis
(28.6)%
(5.2)%
I08
84
24
142
135
7
(22)
(23)
(22)
(29)
(20.7)%
0.0%
6
(22.6)%
(0.6)%
130
106
24
165
164
1
Global Support Office costs in 2016 were
€206 million, up €78 million compared to
last year. Global Support Office costs were
impacted by unusual items that amounted to
€98 million in 2016, €54 million higher than last
year. This increase was mainly driven by higher
integration and transaction costs in 2016
related to the merger with Delhaize.
Underlying Global Support Office costs
were €108 million, up €24 million compared
to 2015. Excluding the impact of our self
insurance activities, underlying Global
Support Office costs were €130 million, or
€24 million higher than last year which was
driven by the inclusion of the Delhaize Group’s
Global Support Office functions and related
underlying costs as of the merger date in 2016.
On a pro forma basis, Global Support Office
cost in 2016 were €229 million, up €69 million
million compared to last year. Global Support
Office costs were impacted by unusual
items which amounted to €87 million in 2016,
€62 million higher than last year, mainly due
to integration costs.
Underlying pro forma Global Support Office
costs in 2016 were €142 million, up €7 million.
Excluding the impact of our self-insurance
activities, underlying Global Support Office
costs were €165 million, €1 million higher than
last year.
million
Global Support Office costs
of which Unusual items
Underlying Global Support Office
costs
of which related to selfinsurance
activities
Underlying Global Support
Office costs excluding self insurance
2016
206
98
2015
128
44
million
Global Support Office costs
of which Unusual items
Underlying Global Support
Office costs
of which related to self-insurance
activities
Underlying Global Support
Office costs excluding self-insurance
Pro forma 2015
25
Change versus
prior year
54
Pro forma 2016
229
87
Change versus
prior year
69
62
change
(43.1)%
(248.0)%
change
(60.9)%
(122.7)%
