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02 Oct 2003
Ahold finally released its annual results yesterday after missing its audit deadline for the third time last month.
The majority of the assets write down, €2.7bn, was related to its subsidiary, US Foodservice, the part of the business at the heart of the £300m profits overstatement announced in February this year.
Overall the company announced a €1.2bn net loss, with chief executive Anders Momberg calling 2002 a 'lost, difficult and negative year'.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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