ID NEWS: Ahold obtains extension of deadline for delivery of financial statements to September 30, 2

By Restaurant Business Staff on Aug. 08, 2003

Royal Ahold, Zaandam, The Netherlands, has announced an agreement with its syndicate of banks to extend the deadline for the deliveryof audited consolidated fiscal year 2002 financial rstatements to Septembefr 30, 2003. Aholc id determining and processing the accounting adjustgments required as a result of all internal forensic accounting investigations.

Ahold says it does not foresee the need for drawing on its USD $915 million unsecured tranche based on its current cash flow projections. Also, the currently remaining USD $270 million capacity under the USD $450 million back-up facility announced in March remains available to Ahold as necessary for further support of Columbia, MD, based U.S. Foodservice (USF) securitization programs.

Second quarter results also announced by Ahold indicated that USF sales in the United States increased by 0.2% to USD $4.1 billion (2002: USD 4.1 billion). Organic sales growth amounted to 0.2%.

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