Ahold Delhaize publishes pro forma key historical data following the merger
(Thomson Reuters ONE) -
Zaandam, the Netherlands, October 6, 2016 - Ahold Delhaize today published pro
forma combined financial information following the merger between Ahold and
Delhaize Group which was completed on July 23, 2016.
The unaudited pro forma information includes key historical data on the results
of Ahold Delhaize and provides a comparative basis to facilitate assessment of
the current performance of the combined company for illustrative purposes. The
information, which may be subject to change, is presented in a format that is
aligned with Ahold Delhaize's future reporting structure and reporting segments.
The pro forma key historical data has been prepared assuming the merger became
effective on the first day of Ahold's 2015 financial year. Delhaize Group's
assets and liabilities have been accounted for at fair value, in accordance with
IFRS 3, and calculated on the basis of values/data established on the date of
merger completion, i.e. July 23, 2016. No adjustments were made for the
difference in number of weeks per quarter. The reporting calendar will be
aligned to 13 week quarters for all segments as of the first quarter of 2017.
The following main adjustments to the combined historical data were made to
arrive at the pro forma information:
* Exclusion of the performance of remedy stores and other divestments
* Exclusion of merger transaction costs
* Inclusion of Purchase Price Allocation effects on Delhaize assets and
liabilities, impacting depreciation and amortization, net interest expense
and rent
* Alignment of Global Support Office functions and related costs
* Alignment of foreign exchange rates for consolidation of foreign group
entities
Following provisional fair value adjustments were made to the Delhaize balance
sheet:
* Property, Plant and Equipment increased by ?0.8 billion
* Goodwill & non-amortizable intangibles increased by ?5.2 billion, which
includes ?2.4 billion allocated to Ahold banners
* Other intangible assets increased by ?0.9 billion
* Net debt increased by ?0.7 billion to ?2.7 billion
The main impacts from the pro forma adjustments (compared to historical Ahold
and Delhaize results combined) on Ahold Delhaize are summarized in the
attachement: Press release Ahold Delhaize pro forma results
The detailed pro forma information is available on our website.
Booklet Ahold Delhaize pro forma information:
http://hugin.info/130711/R/2047163/765181.pdf
Press release Ahold Delhaize pro forma results:
http://hugin.info/130711/R/2047163/765180.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ahold Delhaize via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 06.10.2016 - 07:59 Uhr
Sprache: Deutsch
News-ID 499099
Anzahl Zeichen: 3280
contact information:
Town:
Amsterdam
Kategorie:
Business News
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