Food Lion 2011 Annual Report Download - page 167

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Other operating income
Primarily rental income on investment
property, gains on sale of fixed assets,
recycling income and services rendered
to wholesale customers.
Outstanding shares
The number of shares issued by the
Company, excluding treasury shares.
Pay-out ratio (net earnings)
Proposed dividends on current year
earnings divided by current year Group
share in net profit.
Return on equity
Group share in net profit (loss) divided by
average shareholders’ equity.
Revenues
Revenues include the sale of goods
and point of sale services to custom-
ers, including wholesale and affiliated
customers, relating to the normal activ-
ity of the Company (the sale of grocer-
ies and pet products), net of discounts,
allowances and rebates granted to those
customers.
Selling, general and
administrative expenses
Selling, general and administra-
tive expenses include store operating
expenses, costs incurred for activities
which serve securing sales, administra-
tive and advertising expenses.
SKU
Stock Keeping Unit.
Total debt
Long-term financial liabilities, including
current portion and obligations under
finance leases, plus short-term financial
liabilities net of derivative instruments
related to financial liabilities.
Treasury shares
Shares repurchased by one of the
Group’s legal entities and that are not
cancelled as of year-end date. Treasury
shares are excluded from the number of
shares outstanding and excluded from
the calculation of the weighted average
number of shares for the purpose of cal-
culating earnings per share.
Weighted average number
of shares outstanding
Number of shares outstanding at the
beginning of the period less treas-
ury shares, adjusted by the number of
shares cancelled, repurchased or issued
during the period multiplied by a time-
weighting factor.
Withholding tax
Withholding by a corporation or financial
institution of a certain percentage of divi-
dend payments due to tax legislation.