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’.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements