Notes to the
consolidated
financial statements
continued
3 Significant accounting policies continued
Overview
Business review
Governance
Financials
Investors
Ahold Delhaize Annual Report 2016
Operating income
1,318
1,318
Cost alignment for online business
In 2016, Ahold Delhaize changed the presentation of the income statement to align the presentation of costs across its online businesses.
The change resulted in the following reclassifications within the 2015 income statement.
New accounting policies effective for 2016
Amendments to IAS I, “Disclosure initiative”
The disclosure initiative clarifies existing disclosure requirements, which do not have a significant effect on the consolidated financial statements.
Amendments to IFRS 10, IFRS 12 and IAS 28, “Investment entities: Applying the Consolidation Exception”
These are narrow-scope clarifications of guidance, specifically related to investment entities. Because Ahold Delhaize is not an investment entity,
nor does it have investments in an investment entity, these amendments do not have an effect on the consolidated financial statements.
Amendments to IAS 16 and IAS 38, “Clarification of Acceptable Methods of Depreciation and Amortization”
The amendments prohibit entities from using a revenue-based depreciation method for items of property, plant and equipment and introduce a
rebuttable presumption that revenue is not an appropriate basis for amortization of an intangible asset. Currently the Company uses the straight
line method for depreciation and amortization of property, plant and equipment, and intangible assets, respectively. Accordingly, the application
of these amendments do not have an effect on the consolidated financial statements.
Amendments to IFRS 11, “Accounting for Acquisitions of Interests in Joint Operations”
The amendments provide guidance on how to account for the acquisition of a joint operation that constitutes a business as defined in IFRS 3
“Business Combinations.” Based on Ahold Delhaize’s current financial position, the application of these amendments to IFRS 11 does not have a
significant effect on the consolidated financial statements.
Annual improvements to IFRSs 2012-2014
Annual improvements to IFRSs 2012-2014 Cycle made a number of amendments to various IFRSs, which do not have a significant effect on the
consolidated financial statements.
Narrow-scope amendments to IAS 27, “Equity Method in Separate Financial Statements”
The amendments will allow entities to use the equity method to account for investments in subsidiaries, joint ventures and associates in their
separate financial statements. These amendments do not have an effect on the consolidated financial statements.
Changes in
presentation
Selling expenses
General and administrative expenses
Total operating expenses
(63)
(12)
(75)
75
75
(7,785)
(1,340)
(9,125)
million
Net sales
Cost of sales
Gross profit
(7,722)
(1,328)
(9,050)
2015
as reported
38,203
(27,835)
10,368
2015
as restated
38,203
(27,760)
10,443
131
