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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:
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
December
31
2006
57
413
'!111
42
184
ill
January 1
2005
123
---ll
...l.2
16
---ll
.-l6
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