Asset position

In financial year 2019/20, METRO’s total assets decreased by €4.6 billion to €13.2 billion (30/9/2019: €17.8 billion).

In financial year 2019/20, non-current assets from continuing operations decreased by €0.6 billion to €8.3 billion (30/9/2019: €8.8 billion), primarily relating to property, plant and equipment. This was largely due to negative , which reduced the carrying amounts. The increase in investments accounted for by using the equity method had the opposite effect. It was mainly due to the addition of 20.04% of the shares in WM Holding (HK) Limited. This company acquired the operational business of METRO China and the associated real estate as part of our partnership with Wumei.

€ million

Note no.

30/9/20191

30/9/2020

Non-current assets

 

8,838

8,277

Goodwill

19

785

731

Other intangible assets

20

562

576

Property, plant and equipment

21

6,635

5,811

Investment properties

22

127

188

Financial assets

23

97

98

Investments accounted for using the equity method

23

179

421

Other financial and other non-financial assets

24

169

201

Deferred tax assets

25

284

252

1

Adjustment of previous year due to full retrospective application of IFRS 16 (Leases).

  • For more information about the development of non-current assets, see the notes to the consolidated financial statements in the numbers listed in the table.

METRO’s current assets decreased by €4.1 billion compared to ’s figures to €4.9 billion (30/9/2019: €9.0 billion). The disposal of the hypermarket business and the majority stake in METRO China in the amount of €4.9 billion contributed to this development. By contrast, cash increased by €1.0 billion to €1.5 billion (30/9/2019: €0.5 billion).

€ million

Note no.

30/9/20191

30/9/2020

Current assets

 

8,992

4,915

Inventories

26

1,946

1,888

Trade receivables

27

482

429

Financial assets

 

4

3

Other financial and other non-financial assets

24

901

902

Entitlements to income tax refunds

 

190

145

Cash and cash equivalents

29

500

1,525

Assets held for sale

30, 43

4,970

22

1

Adjustment of previous year due to full retrospective application of IFRS 16 (Leases).

  • For more information about the development of current assets, see the notes to the consolidated financial statements in the numbers listed in the table.
Currency effects
Currency effects result from situations where the same amount of currency units is translated into another currency at differing exchange rates.
Glossary
Previous year
Period of 12 months relating to the financial year preceding the reporting year, usually cited as reference for statements in an annual report.
Glossary