The development of financial assets is shown in the following table.
€ million |
Loans |
Investments |
Securities |
Total financial assets |
||
|---|---|---|---|---|---|---|
Acquisition or production costs |
|
|
|
|
||
As of 1/10/2020 |
32 |
70 |
2 |
104 |
||
Currency translation |
0 |
0 |
0 |
0 |
||
Additions to consolidation group |
0 |
0 |
0 |
0 |
||
Additions1 |
2 |
15 |
0 |
18 |
||
Disposals1 |
−2 |
−23 |
0 |
−25 |
||
Reclassifications in accordance with IFRS 5 |
0 |
0 |
0 |
0 |
||
Transfers |
0 |
0 |
0 |
0 |
||
As of 30/9/2021 and 1/10/2021 |
32 |
63 |
2 |
97 |
||
Currency translation/hyperinflation |
1 |
0 |
0 |
1 |
||
Additions to consolidation group |
1 |
0 |
0 |
1 |
||
Additions1 |
2 |
20 |
0 |
22 |
||
Disposals1 |
−7 |
−28 |
0 |
−35 |
||
Reclassifications in accordance with IFRS 5 |
0 |
0 |
0 |
0 |
||
Transfers |
0 |
0 |
0 |
0 |
||
As of 30/9/2022 |
30 |
54 |
1 |
86 |
||
Depreciation |
|
|
|
|
||
As of 1/10/2020 |
6 |
0 |
0 |
6 |
||
Currency translation |
0 |
0 |
0 |
0 |
||
Additions, scheduled |
0 |
0 |
0 |
0 |
||
Additions, impairment |
0 |
0 |
0 |
0 |
||
Disposals |
−1 |
0 |
0 |
−1 |
||
Reclassifications in accordance with IFRS 5 |
0 |
0 |
0 |
0 |
||
Reversals of impairment losses |
0 |
0 |
0 |
0 |
||
Transfers |
0 |
0 |
0 |
0 |
||
As of 30/9/2021 and 1/10/2021 |
5 |
0 |
0 |
5 |
||
Currency translation/hyperinflation |
0 |
0 |
0 |
0 |
||
Additions, scheduled |
0 |
0 |
0 |
0 |
||
Additions, impairment |
0 |
0 |
0 |
0 |
||
Disposals |
−4 |
0 |
0 |
−4 |
||
Reclassifications in accordance with IFRS 5 |
0 |
0 |
0 |
0 |
||
Reversals of impairment losses |
0 |
0 |
0 |
0 |
||
Transfers |
0 |
0 |
0 |
0 |
||
As of 30/9/2022 |
1 |
0 |
0 |
1 |
||
Carrying amount as of 1/10/2020 |
26 |
70 |
2 |
98 |
||
Carrying amount as of 30/9/2021 |
27 |
63 |
2 |
92 |
||
Carrying amount as of 30/9/2022 |
28 |
54 |
1 |
84 |
||
|
||||||
The disclosures below provide information on investments accounted for using the equity method.
As of 30 September 2022, shares in investments accounted for using the equity method amounted to €108 million (30/9/2021: €361 million). Disclosures on 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 companies mentioned below have 31 December as the closing date. The companies are included in the consolidated financial statements of METRO AG with their latest available financial statements.
|
Habib METRO Pakistan |
OPCI FWP |
OPCI FWS |
EKS Handelsgesellschaft |
||||
|---|---|---|---|---|---|---|---|---|
€ million |
2020/21 |
2021/22 |
2020/21 |
2021/22 |
2020/21 |
2021/22 |
2020/21 |
2021/22 |
Disclosures on the income statement |
|
|
|
|
|
|
|
|
Sales revenues |
11 |
11 |
19 |
19 |
17 |
18 |
78 |
82 |
Tax profit for the period from continuing operations |
6 |
6 |
12 |
13 |
13 |
13 |
64 |
68 |
Other comprehensive income |
- |
- |
- |
- |
- |
- |
- |
- |
Total comprehensive income |
6 |
6 |
12 |
13 |
13 |
13 |
64 |
68 |
Dividend payments to the group |
2 |
1 |
3 |
1 |
5 |
4 |
5 |
5 |
Disclosures on the balance sheet |
|
|
|
|
|
|
|
|
Non-current assets |
35 |
28 |
267 |
257 |
254 |
248 |
- |
- |
Current assets |
25 |
23 |
4 |
10 |
6 |
5 |
69 |
80 |
Non-current liabilities |
6 |
5 |
102 |
97 |
94 |
93 |
- |
- |
Current liabilities |
2 |
3 |
0 |
0 |
0 |
0 |
4 |
12 |
Net assets |
52 |
44 |
168 |
170 |
166 |
160 |
65 |
69 |
Amount of the share (in %) |
40 |
40 |
5 |
5 |
25 |
25 |
15 |
15 |
Share of the group in the net assets |
21 |
18 |
8 |
9 |
41 |
40 |
5 |
5 |
Adjustment of asset values |
12 |
10 |
- |
- |
- |
- |
−1 |
−1 |
Carrying amount of the share in the group |
33 |
28 |
8 |
9 |
41 |
40 |
4 |
4 |
|
WM Holding (HK) Limited |
Miscellaneous |
||||
|---|---|---|---|---|---|---|
€ million |
2020/211 |
2021/22 |
2020/21 |
2021/22 |
||
Disclosures on the income statement |
|
|
|
|
||
Sales revenues |
1,861 |
- |
99 |
132 |
||
Tax profit for the period from continuing operations |
8 |
- |
11 |
17 |
||
Other comprehensive income |
−45 |
- |
0 |
0 |
||
Total comprehensive income |
−37 |
- |
11 |
17 |
||
Dividend payments to the group |
- |
- |
1 |
2 |
||
Disclosures on the balance sheet |
|
|
|
|
||
Non-current assets |
2,534 |
- |
- |
- |
||
Current assets |
872 |
- |
- |
- |
||
Non-current liabilities |
1,315 |
- |
- |
- |
||
Current liabilities |
804 |
- |
- |
- |
||
Net assets |
1,287 |
- |
- |
- |
||
Amount of the share (in %) |
20 |
- |
- |
- |
||
Share of the group in the net assets |
258 |
- |
- |
- |
||
Adjustment of asset values |
- |
- |
- |
- |
||
Carrying amount of the share in the group |
258 |
- |
18 |
28 |
||
|
||||||
METRO’s representation on the supervisory board of OPCI FRENCH WHOLESALE PROPERTIES – FWP means that significant influence is maintained and equity accounting is appropriate, although the investment only amounts to 5%.
The investments accounted for using the equity method within the group are mainly associated companies and rental companies. The main purpose of the rental companies is to acquire, lease out and manage assets. The assets of these real estate companies are mainly leased by METRO companies.
Due to the intention to sell the shares in WM Holding (HK) Limited to the main shareholder, the shares were reclassified as assets held for sale in the current financial year.