Food Lion 2009 Annual Report Download - page 153

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SUMMARY STATUTORY ACCOUNTS
OF DELHAIZE GROUP SA
HISTORICAL FINANCIAL OVERVIEW CERTIFICATION OF RESPONSIBLE
PERSONS
REPORT OF THE STATUTORY AUDITOR
SUPPLEMENTARY INFORMATION
capital gain if any. The measurement of foreign investments is calculated by using the year-end exchange rate. Once selected, the valuation
method is consistently applied on a year-to-year basis, except when the circumstances prevent to do so. When the valuation method shows
a fair value lower than the book value of a financial asset, an impairment loss is recognized but only to reflect the long-term impairment of
value.
5. Inventories
Inventories are valued at the lower of cost (on a weighted average cost basis) or net realizable value. Inventories are written down on a
case-by-case basis if the anticipated net realizable value declines below the carrying amount of the inventories. Such net realizable value
corresponds to the anticipated estimated selling price less the estimated costs necessary to make the sale. When the reason for a write-down
of the inventories has ceased to exist, the write-down is reversed.
6. Receivables and Payables
Amounts receivable and payable are recorded at their nominal value, less provision for any amount receivable whose value is considered
to be impaired on a long-term basis. Amounts receivable and payable in a currency, other than the currency of the Company, are valued at
the exchange rate prevailing on the closing date. The resulting translation difference is written off if it is a loss and deferred if it is a gain.
7. Provision for Liabilities and Charges
Provision for liabilities and charges are recorded to cover probable or certain losses of a precisely determined nature but whose amount, as
of the balance sheet date, is not precisely known. They include, principally:
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8. Debt Under Finance Leases and Similar Debts
At the end of each year, these commitments are valued at the fraction of outstanding deferred payments, corresponding to the capital value
of the assets, which mature within more than one year. The fraction of these payments contractually maturing within less than one year is
recorded under “Current portion of long-term debts.”
Summary of the net earnings (loss) per share of Delhaize Group SA:
2009 2008 2007
Net earnings (loss) per share 9.81 (1.53) 1.43
Summary Company Accounts of Delhaize Group SA
Assets
December, 31
(in millions of EUR) 2009 2008
Fixed assets 6 138 5 554
Establishment costs 6 6
Intangible fixed assets 94 81
Tangible fixed assets 393 398
Financial fixed assets 5 645 5 069
Current assets 804 781
Inventories 221 227
Short-term receivables 488 466
Short-term investments 37 34
Cash and bank 51 43
Prepayments and accrued income 7 11
Total assets 6 942 6 335