Notes to the
consolidated
financial statements
continued
14 Investments in joint ventures and associates
lëï
Overview
Business review
Governance
Financials
Investors
Ahold Delhaize Annual Report 2016
Ahold Delhaize is also a partner in various smaller joint arrangements and associates that are individually not material to the Group.
31
(5)
181
37
181
Share in income (loss) from continuing operations for Ahold Delhaize’s interests in all individually immaterial joint ventures was an income of
€8 million (2015: €4 million loss) and nil for individually immaterial associates (2015: nil).
22
(17)
51
4
212
51
34
(19)
24
(17)
1
(4)
(4)
In 1992, Ahold Delhaize partnered with Jerónimo Martins, SGPS, S.A. in the joint venture JMR - Gestao de Empresas de Retalho, SGPS, S.A. (“JMR”).
Ahold Delhaize holds 49% of the shares in JMR and shares equal voting power on JMR’s board of directors with Jerónimo Martins, SGPS, S.A.
JMR operates food retail stores in Portugal under the brand name Pingo Doce. Ahold Delhaize holds 51% of the shares in P.T. Lion Super Indo, LLC
(“Super Indo”). Super Indo operates supermarkets in Indonesia. JMR and Super Indo are joint ventures and are accounted for using the equity
method. There are no quoted market prices available.
8
(2)
1
56
(5)
1
274
3
3
31
Total
2015
2Ö6
2o
(21)
1
3
3
212
Changes in the carrying amount of Ahold Delhaize’s interest in joint ventures and associates are as follows:
JMR Super Indo Other Total
2016 2016 2016 2016
Other
2015
33
million
Beginning of the year
Brought through acquisition
Share in income (loss) of joint ventures
Dividend
Share of other comprehensive income (loss)
Other changes in equity of joint ventures
Exchange rate differences
End of the year
JMR
2015
173
