-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RF7Mju32panhz/8Lq3z2tsaoM85fWE/vX8OPdeA2YWDL2llBYeDdcDMUhQLItrHO 9+PBJACreAEUOcUcT1i9Xg== 0000081061-98-000020.txt : 19980727 0000081061-98-000020.hdr.sgml : 19980727 ACCESSION NUMBER: 0000081061-98-000020 CONFORMED SUBMISSION TYPE: 11-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980724 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUBLIX SUPER MARKETS INC CENTRAL INDEX KEY: 0000081061 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 590324412 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K/A SEC ACT: SEC FILE NUMBER: 000-00981 FILM NUMBER: 98670812 BUSINESS ADDRESS: STREET 1: PO BOX 407 CITY: LAKELAND STATE: FL ZIP: 33802-0407 BUSINESS PHONE: 9416887407 MAIL ADDRESS: STREET 2: P O BOX 407 CITY: LAKELAND STATE: FL ZIP: 33802 11-K/A 1 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K ANNUAL REPORT (Mark One) [x] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 1997 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________. Commission file number 0-981 A. Full title of the plan and the address of the plan, if different from that of the issuer named below: PUBLIX SUPER MARKETS, INC. 401(k) SMART PLAN B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: PUBLIX SUPER MARKETS, INC. 1936 GEORGE JENKINS BOULEVARD LAKELAND, FLORIDA 33815 2 PUBLIX SUPER MARKETS, INC. 401(k) SMART PLAN Index to Financial Statements and Schedules Independent Auditors' Report Financial Statements: Statement of Net Assets Available for Plan Benefits, with Fund Information - December 31, 1997 Statement of Net Assets Available for Plan Benefits, with Fund Information - December 31, 1996 Statement of Changes in Net Assets Available for Plan Benefits, with Fund Information - Year ended December 31, 1997 Statement of Changes in Net Assets Available for Plan Benefits, with Fund Information - Year ended December 31, 1996 Notes to Financial Statements Schedules: I. Item 27a. Schedule of Assets Held for Investment Purposes - December 31, 1997 II. Item 27d. Schedule of Reportable Transactions - Year ended December 31, 1997 3 INDEPENDENT AUDITORS' REPORT To the Plan Administrator of the Publix Super Markets, Inc. 401(k) SMART Plan: We have audited the accompanying statements of net assets available for plan benefits, with fund information, of Publix Super Markets, Inc. 401(k) SMART Plan (the "Plan") as of December 31, 1997 and 1996, and the related statements of changes in net assets available for plan benefits, with fund information, for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for plan benefits of the Plan as of December 31, 1997 and 1996, and the changes in net assets available for plan benefits for the years then ended in conformity with generally accepted accounting principles. Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of assets held for investment purposes as of December 31, 1997 and reportable transactions for the year then ended are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The fund information in the statements of net assets available for plan benefits and the statements of changes in net assets available for plan benefits is presented for purposes of additional analysis rather than to present the net assets available for plan benefits and changes in net assets available for plan benefits of each fund. The supplemental schedules and fund information have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. KPMG PEAT MARWICK LLP Tampa, Florida June 8, 1998 4
PUBLIX SUPER MARKETS, INC. 401(k) SMART PLAN Statement of Net Assets Available for Plan Benefits, with Fund Information December 31, 1997 Aggressive Publix Equity Asset Fixed Participant Growth Stock Index Allocation Income Assets Loans Fund Fund Fund Fund Fund Total ------ ----- ---- ---- ---- ---- ---- ----- Investments $3,918,720 18,533,845 86,294,264 7,052,359 2,233,635 3,531,654 121,564,477 Employer Contribution Receivable --- --- 9,217,893 --- --- --- 9,217,893 ---------- ---------- ---------- --------- --------- --------- ----------- Total Assets $3,918,720 18,533,845 95,512,157 7,052,359 2,233,635 3,531,654 130,782,370 ========== ========== ========== ========= ========= ========= =========== Net Assets Available for Plan Benefits: Active Participants $3,918,720 17,806,491 92,764,374 6,779,295 2,151,547 3,413,155 126,833,582 Non-active Participants --- 727,354 2,747,783 273,064 82,088 118,499 3,948,788 ---------- ---------- ---------- --------- --------- --------- ----------- $3,918,720 18,533,845 95,512,157 7,052,359 2,233,635 3,531,654 130,782,370 ========== ========== ========== ========= ========= ========= ===========
See accompanying notes to financial statements. 5
PUBLIX SUPER MARKETS, INC. 401(k) SMART PLAN Statement of Net Assets Available for Plan Benefits, with Fund Information December 31, 1996 Aggressive Publix Equity Asset Fixed Participant Growth Stock Index Allocation Income Assets Loans Fund Fund Fund Fund Fund Total ------ ----- ---- ---- ---- ---- ---- ----- Investments $1,332,040 10,904,751 34,866,072 3,821,430 1,422,383 2,307,462 54,654,138 Employer Contribution Receivable --- --- 7,420,556 --- --- --- 7,420,556 ---------- ---------- ---------- --------- --------- --------- ---------- Total Assets $1,332,040 10,904,751 42,286,628 3,821,430 1,422,383 2,307,462 62,074,694 ========== ========== ========== ========= ========= ========= ========== Net Assets Available for Plan Benefits: Active Participants $1,332,040 10,550,619 41,076,222 3,700,415 1,373,615 2,215,677 60,248,588 Non-active Participants --- 354,132 1,210,406 121,015 48,768 91,785 1,826,106 ---------- ---------- ---------- --------- --------- --------- ---------- $1,332,040 10,904,751 42,286,628 3,821,430 1,422,383 2,307,462 62,074,694 ========== ========== ========== ========= ========= ========= ==========
See accompanying notes to financial statements. 6
PUBLIX SUPER MARKETS, INC. 401(k) SMART PLAN Statement of Changes in Net Assets Available for Plan Benefits, with Fund Information Year ended December 31, 1997 Aggressive Publix Equity Asset Fixed Participant Growth Stock Index Allocation Income Loans Fund Fund Fund Fund Fund Total ----- ---- ---- ---- ---- ---- ----- Contributions: Employee $ --- 6,991,257 20,164,657 2,419,256 877,687 1,538,576 31,991,433 Employer - Stock --- --- 9,217,893 --- --- --- 9,217,893 ---------- ---------- ---------- --------- --------- --------- ----------- Total Contributions --- 6,991,257 29,382,550 2,419,256 877,687 1,538,576 41,209,326 ---------- ---------- ---------- --------- --------- --------- ----------- Investment Income: Net Appreciation (Depreciation) --- 1,249,073 26,289,331 1,477,743 (22,492) 176,027 29,169,682 Dividends --- 1,722,847 329,455 --- 282,482 --- 2,334,784 Interest --- --- 131,732 --- --- --- 131,732 ---------- ---------- ---------- --------- --------- --------- ----------- Total Investment Income --- 2,971,920 26,750,518 1,477,743 259,990 176,027 31,636,198 ---------- ---------- ---------- --------- --------- --------- ----------- Participant Loans 2,586,680 (583,040) (1,686,583) (200,986) (59,124) (95,631) (38,684) ---------- ---------- ---------- --------- --------- --------- ----------- Total Increase in Plan Assets 2,586,680 9,380,137 54,446,485 3,696,013 1,078,553 1,618,972 72,806,840 ---------- ---------- ---------- --------- --------- --------- ----------- Distributions to Participants --- (787,045) (2,749,229) (278,139) (105,439) (179,312) (4,099,164) Interfund Transfers --- (963,998) 1,528,273 (186,945) (161,862) (215,468) --- ---------- ---------- ---------- --------- --------- --------- ----------- Total Decrease in Plan Assets --- (1,751,043) (1,220,956) (465,084) (267,301) (394,780) (4,099,164) ---------- ---------- ---------- --------- --------- --------- ----------- Net Increase in Plan Assets 2,586,680 7,629,094 53,225,529 3,230,929 811,252 1,224,192 68,707,676 Net Assets Available for Plan Benefits: Beginning of year 1,332,040 10,904,751 42,286,628 3,821,430 1,422,383 2,307,462 62,074,694 ---------- ---------- ---------- --------- --------- --------- ----------- End of year $3,918,720 18,533,845 95,512,157 7,052,359 2,233,635 3,531,654 130,782,370 ========== ========== ========== ========= ========= ========= ===========
See accompanying notes to financial statements. 7
PUBLIX SUPER MARKETS, INC. 401(k) SMART PLAN Statement of Changes in Net Assets Available for Plan Benefits, with Fund Information Year ended December 31, 1996 Aggressive Publix Equity Asset Fixed Participant Growth Stock Index Allocation Income Loans Fund Fund Fund Fund Fund Total ----- ---- ---- ---- ---- ---- ----- Contributions: Employee $ --- 5,990,432 14,247,148 2,017,727 805,668 1,371,799 24,432,774 Employer - Stock --- --- 7,420,556 --- --- --- 7,420,556 ---------- ---------- ---------- --------- --------- --------- ---------- Total Contributions --- 5,990,432 21,667,704 2,017,727 805,668 1,371,799 31,853,330 ---------- ---------- ---------- --------- --------- --------- ---------- Investment Income: Net Appreciation --- 829,215 5,300,661 565,677 15,122 106,467 6,817,142 Dividends --- 727,121 144,174 --- 122,441 --- 993,736 Interest --- --- 86,698 --- --- --- 86,698 ---------- ---------- ---------- --------- --------- --------- ---------- Total Investment Income --- 1,556,336 5,531,533 565,677 137,563 106,467 7,897,576 ---------- ---------- ---------- --------- --------- --------- ---------- Participant Loans 1,288,449 (294,631) (806,044) (112,714) (34,220) (63,051) (22,211) ---------- ---------- ---------- --------- --------- --------- ---------- Total Increase in Plan Assets 1,288,449 7,252,137 26,393,193 2,470,690 909,011 1,415,215 39,728,695 ---------- ---------- ---------- --------- --------- --------- ---------- Distributions to Participants --- (560,679) (1,400,739) (184,957) (80,718) (108,059) (2,335,152) Interfund Transfers --- (632,422) 1,078,492 (198,625) (108,915) (138,530) --- ---------- ---------- ---------- --------- --------- --------- ---------- Total Decrease in Plan Assets --- (1,193,101) (322,247) (383,582) (189,633) (246,589) (2,335,152) ---------- ---------- ---------- --------- --------- --------- ---------- Net Increase in Plan Assets 1,288,449 6,059,036 26,070,946 2,087,108 719,378 1,168,626 37,393,543 Net Assets Available for Plan Benefits: Beginning of year 43,591 4,845,715 16,215,682 1,734,322 703,005 1,138,836 24,681,151 ---------- ---------- ---------- --------- --------- --------- ---------- End of year $1,332,040 10,904,751 42,286,628 3,821,430 1,422,383 2,307,462 62,074,694 ========== ========== ========== ========= ========= ========= ==========
See accompanying notes to financial statements. 8 PUBLIX SUPER MARKETS, INC. 401(k) SMART PLAN Notes to Financial Statements December 31, 1997 (1) Description of Plan and Summary of Accounting Policies The following description of the Publix Super Markets, Inc. 401(k) SMART Plan (the "Plan") provides only general information. Participants should refer to the Summary Plan Description for a more complete description of the Plan's provisions. The Plan, which became effective January 1, 1995, is a defined contribution plan subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"). Employees of Publix Super Markets, Inc. and its wholly owned subsidiary Publix Alabama, Inc. (the "Company" or "Publix") who have attained the age of 19 and have completed one year of service during which they worked 1,000 hours or more are eligible to participate in the Plan. The Plan year is a calendar year. (a) Contributions Employees may contribute up to 6% of their annual compensation, not to exceed the maximum limits established by Federal law. The Company may make a discretionary annual matching contribution to eligible participants of the Plan as determined by the Company's Board of Directors. During 1997 and 1996, the Company's Board of Directors approved a match of 50% of eligible contributions up to 3% of eligible wages not to exceed a maximum match of $750 per employee. The match, determined as of the last day of the Plan year, was in the form of common stock of the Company. (b) Participant Accounts Two separate accounts are maintained for each participant, a Savings Contribution Account and a Matching Contribution Account (the "Accounts"). Plan earnings are allocated and credited to the Accounts as of each valuation date. Each participant's share of earnings is determined by the Plan Administrator on a weighted average basis, so that each participant receives a pro-rata share. Forfeitures of non-vested Company contributions by terminated or former participants are used to reduce future Company matching contributions. Forfeitures, and earnings thereon, totaled $160,521 and $78,894 for the years ended December 31, 1997 and 1996, respectively. (c) Vesting Participants are immediately vested in their contributions and earnings thereon. Company matching contributions and earnings thereon are 100% vested upon completing five years of credited service, reaching age 60, disability or death. Matching contributions cannot be withdrawn or distributed until vested. (continued) 9 PUBLIX SUPER MARKETS, INC. 401(k) SMART PLAN Notes to Financial Statements (d) Loans to Participants All actively employed Plan participants with available account balances may apply for a loan from their accounts. The minimum amount a participant may borrow is $1,000. The maximum amount that a participant may borrow is the lesser of: 1) 50% of the balances in the participant's Savings Contribution Account and vested Matching Contribution Account; or 2) $50,000 less the participant's highest outstanding loan balance during the previous twelve month period. However, the actual loan amount cannot exceed the balance in the participant's Savings Contribution Account. Participants may request one loan each year and may only have one outstanding loan at a time. All legal and administrative costs incurred as a result of a loan are paid by the participant. The interest rate is determined by the Primary Trustee as of the first day of each calendar quarter and represents the prime lending rate charged by the Primary Trustee. The interest rate on a loan is fixed for the term of the loan. A participant can choose repayment terms of up to five years. Repayment of principal and interest are made through after tax payroll deductions each pay period. Repayment of principal and interest are credited to the participant's Savings Contribution Account and reinvested according to the participant's current investment options. Upon termination of employment all unpaid principal and accrued interest on any loan outstanding is immediately due and payable. Participants may repay a loan in total at any time after the loan has been in effect for at least one year. (e) Termination of Plan The Company expects to continue the Plan indefinitely, but is not contractually obligated to do so. The Company reserves the right to amend or discontinue the Plan at any time. If the Plan is ever terminated, participants will be fully vested in all amounts credited to their accounts. (f) Distribution of Benefits Upon reaching age 59 1/2, a participant who is actively employed by the Company may elect to withdraw all or a portion of his/her Savings Contribution Account and the vested portion of his/her Matching Contribution Account. The minimum withdrawal amount is $1,000 or the vested balance in the Accounts if less than $1,000. A participant who reaches age 70 1/2 may begin receiving distribution of benefits on or before April 1st of the calendar year following the year in which the participant reaches age 70 1/2 or retires, whichever is later. -2- (continued) 10 PUBLIX SUPER MARKETS, INC. 401(k) SMART PLAN Notes to Financial Statements Upon separation of employment with the Company, participants may elect to receive full distribution of their Savings Contribution Account and the vested portion of their Matching Contribution Account balances as of the valuation date immediately preceding or concurring with the date of separation. If the value of the participant's vested Accounts is $3,500 or less, the participant will receive an automatic distribution from the Plan no later than 60 days after the end of the Plan year in which the participant separates from employment. If the value of the participant's vested Accounts exceed $3,500 in total, the participant may elect to defer distribution. Payment of deferred distributions must be made no later than 60 days after the end of the Plan year in which the participant reaches age 62. (g) Basis of Accounting The accounts of the Plan are maintained on the accrual basis. (h) Investments The market value of Publix Super Markets, Inc. common stock is determined by the Company's Board of Directors based upon appraisals prepared by independent appraisers. Guaranteed investment contracts are carried at contract value, which approximates market value. The market value of other investments is determined based upon quoted market prices. (i) Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles and ERISA requires the Plan to make estimates and assumptions that affect the reported amounts of net assets available for plan benefits and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of changes in net assets available for plan benefits during the reporting period. Actual results could differ from those estimates. (j) Year 2000 The Company is currently reviewing the Plan's computer systems and applications, including those used by the third-party Plan administrator, for year 2000 issues. Based upon this review to date, management does not anticipate significant operational issues related to making the Plan's systems year 2000 compliant. The financial impact of making required system changes is not expected to be material. (k) Reclassifications Certain 1996 amounts have been reclassified to conform with the 1997 presentation. -3- (continued) 11 PUBLIX SUPER MARKETS, INC. 401(k) SMART PLAN Notes to Financial Statements (2) Administration of the Plan The Primary Trustee for the Plan, Chase Manhattan Bank, N.A., is responsible for maintaining custody of the investment funds and other assets in which the participants contributions are invested, excluding Publix stock. The Publix Stock Fund Trustee, Tina P. Johnson, is responsible for maintaining the Publix Stock Fund for participants. Metropolitan Life Insurance Company serves as the third-party Plan Administrator. The Plan administration costs are paid by Publix. (3) Investments The Plan currently offers the following investment options: (a) Aggressive Growth Fund This fund may consist of a portfolio invested primarily in common stocks and other securities or investment opportunities providing long-term capital appreciation. The fund can be expected to experience wider variation in its value than the other funds described herein. The Company has selected the "Fidelity Contrafund," a mutual fund, as the investment vehicle for the Aggressive Growth Fund. This fund invests in the securities of U.S. and international companies that are believed to be undervalued. (b) Publix Stock Fund This fund includes two components: cash and Publix common stock. Cash awaiting investment in Publix stock is invested in a short-term fixed income funding vehicle. The cash component of this fund includes employee contributions and loan repayments, transfers from other investments to purchase Publix stock, dividends earned on Publix stock and income earned on all of these deposits. The cash component of this fund is used to purchase Publix stock on specified purchase dates. The fund provides an opportunity for long-term capital appreciation. Because this fund is not diversified, it may experience wider variation in value than the other funds described herein. (c) Equity Index Fund This fund may consist of a portfolio invested primarily in common stocks which, in the aggregate, are intended to mirror the performance of the Standard & Poor's 500 Composite Stock Price Index (S&P 500 Index), and/or a portfolio of comparable investments. The fund is intended to provide for long-term growth of capital, and secondarily for long-term growth of income (or to provide a similar investment return). The fund can be expected to experience wider variations in its value than the other funds described herein. The Company has selected the "MetLife Stock Market Index Guarantee Account" as the investment vehicle for the Equity Index Fund. It consists of most of the stocks of the S&P 500 Index. -4- (continued) 12 PUBLIX SUPER MARKETS, INC. 401(k) SMART PLAN Notes to Financial Statements (d) Asset Allocation Fund This fund is a growth and income fund which uses an asset allocation approach. The fund may consist of common and preferred stocks, governmental and corporate bonds, and other securities or investment opportunities designed to provide for both current income and capital appreciation. The fund can be expected to experience wider variation in its value than the Fixed Income Fund. The Company has selected the "State Street Research Strategic Portfolios: Moderate" mutual fund as the investment vehicle for the Asset Allocation Fund. This fund is actively managed and represents a diversified mix of stocks and bonds. The fund may vary investments based on economic and market conditions. (e) Fixed Income Fund This fund may consist of a portfolio invested in commercial paper, U.S. government or Federal agency obligations, short-term corporate obligations, bank certificates of deposit, savings accounts and/or comparable investments designed to provide maximum protection of capital with a conservative rate of return. The Company has selected the "MetLife Guaranteed Fixed Income Account" as the investment vehicle for the Fixed Income Fund. It consists of one or more MetLife guaranteed interest contracts (GICs), which are intended to provide the advantage of intermediate-term rates with protection from potential fluctuations. in interest rates during the guarantee period. The GIC rates as of December 31, 1997 and 1996, were 6.20% and 6.55%, respectively. As of December 31, 1997 and 1996, investments in the Fidelity Contrafund, Publix Stock Fund, and the MetLife Stock Market Index Guarantee Account each represented 5.0% or more of the Plan's net assets available for plan benefits. (4) Reconciliation of Financial Statements to Form 5500 The following is a reconciliation of net assets available for plan benefits per the financial statements to the Form 5500:
December 31, 1997 1996 ---- ---- Net assets available for plan benefits per the financial statements $130,782,370 62,074,694 Amounts allocated to withdrawing participants (378,627) (181,667) Excess contributions (266,829) (793,700) ------------ ---------- Net assets available for plan benefits per the Form 5500 $130,136,914 61,099,327 ============ ==========
-5- (continued) 13 PUBLIX SUPER MARKETS, INC. 401(k) SMART PLAN Notes to Financial Statements The following is a reconciliation of employee contributions and distributions to participants per the financial statements to the Form 5500:
Year ended December 31, 1997 ----------------- Employee Contributions Per the financial statements $31,991,433 Less: Excess contributions for year ended December 31, 1997 (266,829) Add: Excess contributions for year ended December 31, 1996 793,700 ----------- Per the Form 5500 $32,518,304 =========== Distributions to Participants Per the financial statements $ 4,099,164 Add: Amounts allocated to withdrawing participants at December 31, 1997 378,627 Less: Amounts allocated to withdrawing participants at December 31, 1996 (181,667) ----------- Per the Form 5500 $ 4,296,124 ===========
(5) Federal Income Tax The Plan has been determined to be a qualified plan as described in Sections 401(a) and 401(k) of the Internal Revenue Code (the "Code"), as amended. As such, the Plan is exempt from Federal income taxes under Section 501(a) of the Code. The Plan Administrator believes that the Plan has been and is currently being operated in compliance with applicable requirements of the Code. -6- 14
Schedule I PUBLIX SUPER MARKETS, INC. 401(k) SMART PLAN Item 27a. Schedule of Assets Held for Investment Purposes December 31, 1997 Number of Market Name of Issuer and Title of Issue Shares Cost Value - --------------------------------- ------ ---- ----- Marketable: Aggressive Growth Fund Fidelity Contrafund --- $16,882,534 18,533,845 Equity Index Fund MetLife Stock Market Index Guarantee Account * --- 5,205,726 7,052,359 Asset Allocation Fund State Street Research Strategic Portfolios: Moderate * --- 2,247,191 2,233,635 Fixed Income Fund MetLife Guaranteed Fixed Income Account * --- 3,531,654 3,531,654 Non-Marketable: Publix Stock Fund Common Stock of Publix Super Markets, Inc. * 2,806,318 55,289,788 86,294,264 Participant Loans 3,918,720 3,918,720 ----------- ----------- $87,075,613 121,564,477 =========== ===========
* Parties-in-interest 15
Schedule II PUBLIX SUPER MARKETS, INC. 401(k) SMART PLAN Item 27d. Schedule of Reportable Transactions Year ended December 31, 1997 Sales ---------------------------------- Gain Asset Purchases Price Cost (Loss) ----- --------- ----- ---- ------ Aggressive Growth Fund Fidelity Contrafund $10,086,831 3,706,809 3,193,993 512,816 Publix Stock Fund Common Stock of Publix Super Markets, Inc. * $32,390,562 7,173,102 6,027,944 1,145,158
* Party-in-interest 16 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the Publix Super Markets, Inc. 401(k) SMART Plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. PUBLIX SUPER MARKETS, INC. 401(k) SMART PLAN Date: June 27, 1998 By: /s/Tina P. Johnson -------------------------- Tina P. Johnson Senior Vice President and Trustee of the 401(k) SMART Plan - Publix Stock Fund -----END PRIVACY-ENHANCED MESSAGE-----