IFRS PRACTICAL IMPLEMENTATION GUIDE AND WORKBOOK

Chapter 37/ Nonc urren t Assets Held f or Sale and Discontinued Operations (IFRS 5)

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9. EXTRACTS FROM PUBLISHED FINANCIAL STATEMENTS 9.1 ADIDAS GROUP, Annua l Repor t 2006 Notes 3. Disconti nued Operations

On May 2, 2005 , the Group announced the planned dive stiture of the Salomon busine ss segment to Amer Sports Corpo ration . The transaction was formally completed on October 19, 2005, with effect from September 30, 2005 . The final debt-free purchase price was €497 million. A first payment of €460 million was received in October 2005 . The remaining amount was paid in the first quarter of 2006. The Salomon business segment included the related subsidiaries and brands Salomon, Mav ic, Bon – fire , Arc 'Teryx and Clich e. Analysis of the result of discontinued operation € in millions

2005 360

Net sales Expenses Income from discontinued operations before taxes Income taxes Income from discontinued operations after taxes Gain/(loss) recognized on the measurement to fair value less cost to sell Incom e taxes Gain/floss) recognized on the measurement to fair value less cost to sell, net of tax Income fromdiscontinued operations, net of tax

(382) (22) (2)

(20) (14 ) 10 (24) (44)

(0.24) (0.22)

Basic earnings per share from discontinuedoperations (in €) Diluted earnings per share from discontinued operations (in € )

4. Assetslliabilities Classified as He ld-for-Sale Part of the assets of GEV Grund stucksgesellchaft Herzogenaurach mbH & Co . KG and adidas AG as well as assets of Immobil ieninvest and Betriebsgesellschat Herzo-Base GmBH & Co. KG within the HQIConsolidation segment are presented as disposal group s held -for-sale following a Memorandum of Under standing signed by the Group ' s Management on December 21 , 2006. Selling negotiations have commenced, and these sales are expected to be compl eted by March 2007 and June 2007, respectively. At Decemb er 31, 2006 , the disposal groups cont ained assets of €59 million less liabilities of €4 million s. Assets Classified as Held-for-Sale in € millions December 31 2006

Accounts receivable and other current assets Property, plant, and equipment, net Total

29 30 59 Liabilities Classified as Held-for-Sale in € millions

December 31 2006 2 2 4

Accounts payable and other current liabilities Provisions Total

9.2 AHOLD, Annua l Report 2006

Notes to the consolidated fin ancial statements Note 12: Noncurrent Asse ts He ld for Sale and Discontinued Operations

On November 6, 2006, Ahold announced its intention to divest US Food serv ice, its retail activities in Poland and Slovakia, the remaining Tops ope rations in New York and Pennsylvania, and its 49% stake in JMR. On December 4, 2006 , Ahold reached an agreement on the divestment of its retai l operations in Po– land to Carrefour through the sale of the shares of Aho ld PolskaSp. zo.o . The transaction is valued at EUR 375 and will con sist of cash consideration and assumed debt. The final purch ase price is subject to customary price adju stments. Clo sing of the transaction is expected midyear 2007 and is subject to the fulfillment of certai n conditions, including antitrust approval. As of year-end 2006 , Poland and JMR qualified as held -for- sale and discontinued operations . The other businesses to be dive sted did not qua lify as held-for-sa le as of year-end 2006, in the case of US Food service becau se it is more likely than not that the transact ion between Ahold and the purchaser of US Foodservice must be submitted for approval to the General Meeting of Shareholders of Ahold.