IFRS PRACTICAL IMPLEMENTATION GUIDE AND WORKBOOK

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Wiley IFRS: Practical Implementation Guide and Workbook

After year-end 2006, Tops qualified as held-for-sale and discontinued operation as the disposal process of Tops met the criteria that the assets were available for immediate sale and the sale was highly probable. Aho ld did not divest any businesses in 2006 that were accounted for as discontinued opera– tions. Noncurrent Assets He ld for Sale At year-end 2006 and 2005 , the following balances of assets and liabi lities were classified as held– for-sale:

December 31 2006 57

January 1 2005 123

Noncurrent assets and disposal groups held for sale Disposal groups related to discontinued operations Total assets held-for-sale Liabilities related to noncurrentassets and disposal groups held-for-sale Liabilities related to discontinued Total liabilities related to assets held for sale

---ll ...l.2 16 ---ll .-l6

413 '!111 42 184 ill

The assets and liabilities related to noncurrent assets and disposal groups held for sale, other than those related to discontinued operations, consist primarily of property, plant, and equipment, and noncur– rent lease liabilities. Discontinued Operations Income from discontinued operations per segment consisting of results from discontinued operations and result on divestments, was as follows: Business segments Discontinued operations 2006 2005 2004 BI-LOlBruno's Arena BI-LO and Bruno's I 22 Central EuropeArena Poland 60 (21) (82) Spain, Thailand, Disco, Bompreco/Hipercard, Other retail G. Barbosa, Paiz Aholdand JMR 29 52 39 Deli XL Deli XL .i ---2 Results fromcontinuedoperations 89 39 (16) BI-LOlBruno's Arena BI-LOand Bruno's I (4) Spain, Thailand, Disco, Bompreco/Hipercard, Other retail G. Barbosa, PaizAhold (10) 118 238 Deli XL Deli XL ill .ss Results on divestments of discontinued operatio ns (10) 172 238 Income from discontinued operatio ns, net of income taxes 79 211 222 The result on divestments of discontinued operations in 2006 relates to recognized claims, and changes in estimates thereto, under warranties and guarantees issued upon the divestment of Disco, BomprecolHipercard, and Spain in 2004 and B l-LO/Bruno's and Deli XL in 2005 . The following table presents the res ults from discontinued operations: Condensed statements o{onerations 2006 2005 2004 Net sales 515 1,433 7,990 Cost of sales (417) (1,198) (6,144) Gross profit 98 235 1,846 Operatingexpenses (84) (240) (1,80I) Operatingincome 14 (5) 45 Net financial expense 1 0 (73) Incomefromjoint ventures and associates 29 48 49 Income before income taxes 44 43 21 Incometaxes 45 (4) (37) Results from discontinued opera tions 89 39 (16) In 2004 , a remeasurement to fair value less cost to sell of EUR 69 was recorded in the BI– LO/Bruno's Arena in the results from discontinued operations, which affected operating expenses and income taxes by EUR 45 and EUR 24, respectively. The combined carrying amounts of the major classes of asse ts and liabilities classified as held for sale that related to discontinued operations were as follows : Consolidated balance sheet data December 31,2006 January 1 2006 Noncurrent assets 310 Currentassets 103 Assets related to discontinued operations ill