Notes to the
consolidated
financial statements
continued
15 Other non-current financial assets
14 Investments in joint ventures and associates continued
Overview
Business review
Governance
Financials
Investors
Ahold Delhaize Annual Report 2016
44
181
181
For more information on derivative financial instruments and fair values, see Note 30.
The information presented below represents a reconciliation of the summarized financial information presented above to the carrying amount of
JMR and Super Indo.
Commitments and contingent liabilities in respect of joint ventures and associates
There are no contingent liabilities or significant restrictions relating to the Company’s interest in the joint ventures and associates. The commitments
are presented in Note 34.
Part of the self-insured risk is ceded under a reinsurance treaty, which is a pooling arrangement between unrelated companies. At the same
time, Ahold Delhaize assumes a share of the reinsurance treaty risks that is measured by Ahold Delhaize’s participation percentage in the treaty.
The participation percentage is the ratio of premium paid by Ahold Delhaize to the total premium paid by all treaty members. In connection with
this pooling arrangement, the Company recognizes reinsurance assets and reinsurance liabilities (see also Notes 18,22 and 26) on its balance sheet.
There were no significant gains or losses related to this pooling arrangement during 2016 or 2015.
Of the non-current loans receivable, €25 million matures between one and five years and €28 million after five years (January 3, 2016: €14 million
between one and five years and €17 million after five years). The current portion of loans receivable of €12 million is included in Other receivables
(January 3, 2016: €10 million) (see Note 17).
368
49%
(35)
(10)
369
49%
79
8
January 1,
2017
48
1
(34)
Super Indo
2016
145
53
18
216
million
Derivative financial instruments
Reinsurance assets
Loans receivable
Other
Total other non-current financial assets
JMR
2016
369
January 3,
2016
338'
135
31
12
516
2
89
51%
11
56
million
Opening net assets attributable to the joint venture
Net assets acquired through business combinations
Net income
Other comprehensive income
Dividend
Transactions with non-controlling interest
Exchange differences
Closing net assets attributable to the joint venture
Interest in joint venture
Goodwill
Carrying value
Transactions with non-controlling interest relate to JMR’s acquisition of certain non-controlling interest in its Madeira retail operations.
JMR
2015
354
