22. Financial investments and investments accounted for using the equity method
€ million |
|
Loans |
|
Investments |
|
Securities |
|
Total financial assets |
Acquisition or production costs |
|
|
|
|
|
|
|
|
As of 1/10/2015 |
|
33 |
|
9 |
|
2 |
|
44 |
Currency translation |
|
0 |
|
0 |
|
0 |
|
0 |
Additions to consolidation group |
|
0 |
|
0 |
|
0 |
|
0 |
Additions |
|
14 |
|
16 |
|
0 |
|
30 |
Disposals |
|
−3 |
|
0 |
|
0 |
|
−3 |
Reclassifications under IFRS 5 |
|
0 |
|
0 |
|
0 |
|
0 |
Transfers |
|
0 |
|
0 |
|
24 |
|
24 |
As of 30/9 – 1/10/2016 |
|
45 |
|
25 |
|
26 |
|
96 |
Currency translation |
|
−1 |
|
0 |
|
0 |
|
−1 |
Additions to consolidation group |
|
0 |
|
0 |
|
0 |
|
0 |
Additions |
|
8 |
|
27 |
|
0 |
|
36 |
Disposals |
|
−4 |
|
−2 |
|
−14 |
|
−19 |
Reclassifications under IFRS 5 |
|
0 |
|
0 |
|
0 |
|
0 |
Transfers |
|
−2 |
|
0 |
|
−3 |
|
−5 |
As of 30/9/2017 |
|
47 |
|
51 |
|
9 |
|
107 |
Depreciation/ |
|
|
|
|
|
|
|
|
As of 1/10/2015 |
|
0 |
|
1 |
|
0 |
|
1 |
Currency translation |
|
0 |
|
0 |
|
0 |
|
0 |
Additions, scheduled |
|
0 |
|
0 |
|
0 |
|
0 |
Additions, impairment |
|
3 |
|
3 |
|
0 |
|
6 |
Disposals |
|
0 |
|
0 |
|
0 |
|
0 |
Reclassifications under IFRS 5 |
|
0 |
|
0 |
|
0 |
|
0 |
Reversals of impairment losses |
|
0 |
|
0 |
|
0 |
|
0 |
Transfers |
|
0 |
|
0 |
|
0 |
|
0 |
As of 30/9 – 1/10/2016 |
|
4 |
|
4 |
|
0 |
|
7 |
Currency translation |
|
0 |
|
0 |
|
0 |
|
0 |
Additions, scheduled |
|
0 |
|
0 |
|
0 |
|
0 |
Additions, impairment |
|
1 |
|
8 |
|
0 |
|
9 |
Disposals |
|
0 |
|
0 |
|
0 |
|
0 |
Reclassifications under IFRS 5 |
|
0 |
|
0 |
|
0 |
|
0 |
Reversals of impairment losses |
|
0 |
|
0 |
|
0 |
|
0 |
Transfers |
|
−1 |
|
0 |
|
0 |
|
−1 |
As of 30/9/2017 |
|
4 |
|
12 |
|
0 |
|
15 |
Carrying amount at 1/10/2015 |
|
33 |
|
8 |
|
2 |
|
43 |
Carrying amount at 30/9/2016 |
|
41 |
|
22 |
|
26 |
|
89 |
Carrying amount at 30/9/2017 |
|
43 |
|
39 |
|
9 |
|
92 |
€ million |
|
Investments accounted for using the equity method |
Acquisition or production costs |
|
|
As of 1/10/2015 |
|
192 |
Currency translation |
|
0 |
Additions to consolidation group |
|
0 |
Additions |
|
8 |
Disposals |
|
−15 |
Reclassifications under IFRS 5 |
|
0 |
Transfers |
|
0 |
As of 30/9 – 1/10/2016 |
|
185 |
Currency translation |
|
0 |
Additions to consolidation group |
|
0 |
Additions |
|
9 |
Disposals |
|
−12 |
Reclassifications under IFRS 5 |
|
0 |
Transfers |
|
2 |
As of 30/9/2017 |
|
184 |
Depreciation/ |
|
|
As of 1/10/2015 |
|
7 |
Currency translation |
|
0 |
Additions, scheduled |
|
0 |
Additions, impairment |
|
0 |
Disposals |
|
0 |
Reclassifications under IFRS 5 |
|
0 |
Reversals of impairment losses |
|
−5 |
Transfers |
|
0 |
As of 30/9 – 1/10/2016 |
|
2 |
Currency translation |
|
0 |
Additions, scheduled |
|
0 |
Additions, impairment |
|
0 |
Disposals |
|
−1 |
Reclassifications under IFRS 5 |
|
0 |
Reversals of impairment losses |
|
0 |
Transfers |
|
0 |
As of 30/9/2017 |
|
1 |
Carrying amount at 1/10/2015 |
|
184 |
Carrying amount at 30/9/2016 |
|
183 |
Carrying amount at 30/9/2017 |
|
183 |
Disclosures about the major investments accounted for using the equity method can be found in the following table.
Apart from Habib METRO Pakistan (closing date 30 June), all other companies mentioned above have 31 December as the closing date. The companies are included in the consolidated financial statements of METRO AG with their most recently available financial statements.
|
|
Habib METRO Pakistan |
|
OPCI FWP |
|
OPCI FWS |
|
Mayfair group1 |
|
Miscellaneous |
|
Total |
||||||||
€ million |
|
2015/16 |
2016/17 |
|
2015/16 |
2016/17 |
|
2015/16 |
2016/17 |
|
2015/16 |
2016/17 |
|
2015/16 |
2016/17 |
|
2015/16 |
2016/17 |
||
|
||||||||||||||||||||
Amount of the share (in %) |
|
40 |
40 |
|
5 |
5 |
|
25 |
25 |
|
40 |
40 |
|
– |
– |
|
– |
– |
||
Market value |
|
– |
– |
|
– |
– |
|
– |
– |
|
– |
– |
|
– |
– |
|
– |
– |
||
Carrying amount |
|
47 |
48 |
|
9 |
9 |
|
41 |
41 |
|
80 |
78 |
|
6 |
7 |
|
183 |
183 |
||
Disclosures about the income statement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
Sales revenues |
|
12 |
14 |
|
24 |
24 |
|
23 |
23 |
|
16 |
8 |
|
29 |
60 |
|
104 |
129 |
||
Earnings after tax from continuing operations |
|
6 |
7 |
|
14 |
16 |
|
15 |
13 |
|
9 |
4 |
|
5 |
7 |
|
49 |
47 |
||
Earnings after tax from discontinued operations |
|
0 |
0 |
|
0 |
0 |
|
0 |
0 |
|
0 |
0 |
|
0 |
0 |
|
0 |
0 |
||
Other comprehensive income |
|
0 |
0 |
|
0 |
0 |
|
0 |
0 |
|
0 |
0 |
|
|
0 |
|
|
0 |
||
Total comprehensive income |
|
6 |
7 |
|
14 |
16 |
|
15 |
13 |
|
9 |
4 |
|
5 |
7 |
|
49 |
47 |
||
Dividend payments to the group |
|
0 |
1 |
|
0 |
1 |
|
0 |
4 |
|
0 |
0 |
|
0 |
2 |
|
0 |
8 |
||
Notes to the balance sheet |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
Non-current assets |
|
61 |
55 |
|
271 |
275 |
|
261 |
264 |
|
201 |
195 |
|
84 |
77 |
|
878 |
866 |
||
Current assets |
|
15 |
23 |
|
1 |
4 |
|
4 |
2 |
|
5 |
6 |
|
17 |
39 |
|
42 |
74 |
||
Non-current liabilities |
|
3 |
3 |
|
100 |
103 |
|
100 |
100 |
|
0 |
0 |
|
84 |
80 |
|
287 |
286 |
||
Current liabilities |
|
1 |
3 |
|
0 |
0 |
|
0 |
0 |
|
5 |
5 |
|
14 |
39 |
|
20 |
47 |
||
METRO’s representation on the supervisory board of OPCI FRENCH WHOLESALE PROPERTIES – FWP ensures that significant influence is maintained and that the holding will be accounted for using the equity method although the share only amounts to 5%.
The investments accounted for using the equity method within the group are mainly leasing companies. The key purpose of the leasing companies is to acquire, lease out and manage assets.