Food Lion 2007 Annual Report Download - page 113

Income Statement
(in thousands of EUR) 2007 2006
Operating income 4,190,309 4,042,811
Sales 4,126,263 3,982,228
Other operating income 64,046 60,583
Operating expenses (4,100,045) (3,940,615)
Merchandise and consumables 3,153,127 3,037,410
Salaries, social security and pensions 555,708 537,405
Other operating expenses 391,210 365,800
Operating profit 90,264 102,196
Income from financial fixed assets 186,260 129,105
Net financial expense (143,388) (70,576)
Current profit before taxation 133,136 160,725
Exceptional income 10,997 566
Exceptional expenses (112) (844)
Current year profit before taxation 144,021 160,447
Transfer (-) to/ release (+)
from deferred taxes (184) (132)
Current taxation (76) (14,184)
Financial year results 143,761 146,131
Transfer (-) to/ release (+)
from tax-exempt reserves (412) (329)
Financial year results to be appropriated 143,349 145,802
Appropriation of Profit
(in thousands of EUR) 2007 2006
Profit brought forward from previous year 31,160 15,317
Transfer to legal reserve (191) (88)
Profit to carry forward (29,914) (31,160)
Dividends to shareholders
(1)
(144,404) (129,871)
(1) As a result of the exercise of warrants issued under the Delhaize Group 2002 Stock Incentive Plan,
the Company might have to issue new ordinary shares, to which coupon no. 46 entitling to the pay-
ment of the 2007 dividend is attached, between the date of adoption of the annual accounts by
the Board of Directors and the date of their approval by the Ordinary General Meeting of May 22,
2008. The Board of Directors will communicate at the Ordinary General Meeting of May 22, 2008 the
aggregate number of shares entitled to the 2007 dividend and will submit to this meeting the final
amount of the total dividend for approval. The annual accounts of 2007 will be modified accordingly.
Share Capital (December 31, 2007) (in thousands of EUR) Number of Shares
Share capital
Shares in issue
At the end of the previous year 48,228
Issue of new shares 1,912
At the end of the financial year 50,140
Analysis of share capital
Class of shares
Ordinary shares of no nominal value 100,280,507
Registered shares or bearer shares
Registered 8,718,764
Bearer 91,561,743
Treasury shares held by
The company itself 740,798
Its subsidiaries 198,151
Commitments to issue new shares
On the exercise of conversion rights
Amount of outstanding convertible bonds 170,751
Amount of capital to be subscribed 1,499
Corresponding maximum number of shares to be issued 2,995,630
On the exercise of subscription rights
Number of subscription rights in issue 4,034,693
Amount of capital to be subscribed 2,017
Corresponding maximum number of shares to be issued 4,034,693
Unissued authorized capital 9,700
Summary Company Accounts of Delhaize Group SA
Balance Sheet December, 31
Assets 2007 2006
(in thousands of EUR)
Fixed assets 5,531,724 4,544,380
Establishment costs 7,036 2,471
Intangible fixed assets 57,088 22,267
Tangible fixed assets 395,357 372,221
Financial fixed assets 5,072,243 4,147,421
Current assets 887,068 785,108
Inventories 225,185 233,855
Short-term receivables 560,006 428,851
Short-term investments 42,253 43,336
Cash and bank 46,694 72,180
Prepayments and accrued income 12,930 6,886
Total assets 6,418,792 5,329,488
Liabilities and Equity
(in thousands of EUR)
Shareholders’ equity 3,223,942 2,986,736
Capital 50,140 48,228
Distributable reserves 17,868 17,544
Other reserves 3,126,020 2,889,804
Profit carried forward 29,914 31,160
Provisions and deferred taxation 11,155 8,970
Financial liabilities 2,203,034 1,352,312
After one year 2,001,074 1,201,338
Within one year 201,960 150,974
Trade creditors 632,173 685,350
Other liabilities 348,488 296,120
Other liabilities within one year 293,620 272,958
Accruals and deferred income 54,868 23,162
Total liabilities and equity 6,418,792 5,329,488
DELHAIZE GROUP / ANNUAL REPORT 2007 111