Safeway 2005 Annual Report Download - page 47

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SAFEWAY INC. AND SUBSIDIARIES
Management’s Discussion and Analysis of
Financial Condition and Results of Operations
27
recognized as current-period charges. In addition, SFAS No. 151 requires that allocation of fixed production overhead to
conversion costs be based on the normal capacity of the production facilities. SFAS No. 151 is effective for inventory costs
incurred during fiscal years beginning after June 15, 2005. SFAS No. 151 is not expected to have a material effect on the
Company’s financial statements.