Food Lion 2004 Annual Report Download - page 65

DELHAIZE GROUP  ANNUAL REPORT 2004 63
Income Statement (in thousands of EUR)
2004 2003
Operating income 3,905,636 3,701,591
Sales 3,857,544 3,661,610
Other operating income 48,092 39,981
Operating expenses (3,758,834) (3,559,176)
M erchandise and consumables 2,964,614 2,806,264
Salaries, social security and pensions 492,395 469,235
Other operating expenses 301,825 283,677
Operating profit 146,802 142,415
Income from financial fixed assets 43,426 30,109
Net financial expense (58,590) (56,206)
Current profit before taxation 131,638 116,318
Exceptional income 513 241
Exceptional expenses (10,780) (6,839)
Current year profit before taxation 121,371 109,720
Transfer (-) to/ release (+)
from deferred taxes (108) 10
Current taxation (29,562) (28,150)
Financial year results 91,701 81,580
Transfer (-) to/ release (+)
from tax-exempt reserves (209) 12
Financial year results to be appropriated 91,492 81,592
Share Capital (in thousands of EUR) Number of Shares
Share capital
Shares in issue
• At the end of the previous year 46,312
• Issue of new shares 522
• At the end of the financial year 46,834
Analysis of share capital
Class of shares
• Ordinary shares of no par value 93,668,561
Registered shares or bearer shares
• Registered 4,636,364
• Bearer 89,032,197
Treasury shares held by
• The company itself 292,200
• Its subsidiaries 2,535
Commitments to issue new shares
On the exercise of conversion rights
• Amount of outstanding convertible bonds 300,000
• Amount of capital to be subscribed 2,632
• Corresponding maximum number of shares to be issued 5,263,158
On the exercise of subscription rights
• Number of subscription rights in issue 5,254,062
• Amount of capital to be subscribed 2,627
• Corresponding maximum number of shares to be issued 5,254,062
Unissued authorized capital 39,813
Appropriation of Profit (in thousands of EUR)
2004 2003
Profit brought forward from previous year 63,132 75,088
Transfer to legal reserve (52) (12)
Profit to carry forward (49,283) (63,132)
Dividends to shareholders (105,289) (92,846)
Directors’ share of profit - (690)
4) Summary Company Accounts of Delhaize Group SA
Balance Sheet (in thousands of EUR)
ASSETS 2004 2003
Fixed assets 4,315,172 4,289,673
Establishment costs 4,578 340
Intangible fixed assets 5,208 3,393
Tangible fixed assets 310,655 287,442
Financial fixed assets 3,994,731 3,998,498
Current assets 658,072 631,740
Long-term trade receivables - -
Inventories and work in process 239,269 255,686
Short-term receivables 351,063 304,526
Short-term investments 15,085 9,467
Cash and bank 43,308 53,897
Prepayments and accrued income 9,347 8,164
Total assets 4,973,244 4,921,413
LIABILITIES 2004 2003
Shareholders’ equity 2,850,125 2,815,389
Capital 46,834 46,312
Distributable reserves 16,867 16,498
Other reserves 2,737,141 2,689,447
Profit carried forward 49,283 63,132
Provisions and deferred taxation 7,253 6,755
Financial liabilities 1,258,583 1,306,696
After one year 1,154,073 834,629
Within one year 104,510 472,067
Trade creditors 596,138 552,470
Other liabilities 261,145 240,103
Other liabilities w ithin one year 240,134 225,402
Accruals and deferred income 21,011 14,701
Total liabilities 4,973,244 4,921,413