Besides METRO AG, all companies indirectly or directly controlled by METRO AG are included in the consolidated financial statements if these companies individually or as a group are not immaterial to the consolidated financial statements. Control exists if there is a possibility to control a company’s financial and business policy through a majority of voting rights or according to the Articles of Association, company contract or contractual agreement in order to benefit from this company’s business activities.
Including METRO AG, 112 German (30/9/2021: 171) and 172 international (30/9/2021: 173) companies are included in the consolidated financial statements.
The consolidation group changed as follows in financial year 2021/22:
As of 1/10/2021 |
344 |
|---|---|
Changes in financial year 2021/22 |
|
Companies merged with or added to other consolidated subsidiaries |
−64 |
Disposal of shares |
−2 |
Liquidations |
−6 |
Newly founded companies |
2 |
Acquisitions |
10 |
As of 30/9/2022 |
284 |
Deconsolidated companies are treated as group companies up to the date of their disposal. Effects from changes in the consolidation group that are of particular importance are explained separately in the corresponding notes.
The acquisitions include the initial consolidation of Eijsink, C & C Abholgroßmärkte Gesellschaft m.b.H. (AGM) as well as the Günther group.
- A detailed description of the business combinations in the reporting period is provided in the notes to the business combinations.
The disposals relate to the sale of the operational business in Belgium.
- A detailed description of the company disposal can be found in no. 43 – disposals of subsidiaries.
The disposals through mergers, accretions and liquidations were made to streamline the group structure and mainly relate to inactive companies.
Investments accounted for using the equity method
12 associates (30/9/2021: 13) and 8 joint ventures (30/9/2021: 9) are accounted for in the consolidated financial statements using the equity method. Due to the planned disposal, the shares in the associate WM Holding (HK) Limited are recognised and measured as assets held for sale.
Overview of subsidiaries with significant non-controlling interests
€ million |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
30/9/2021 |
|
Non-controlling interests |
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Name |
Registered office |
in % |
as of 30/9/2021 |
Dividends paid1 |
Non-current assets |
Current assets |
Non-current liabilities |
Current liabilities |
Sales |
Profit shares1 |
||
METRO Cash & Carry Österreich GmbH |
Vösendorf, Österreich |
27.00 |
21 |
0 |
165 |
163 |
56 |
196 |
692 |
11 |
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€ million |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
30/9/2022 |
|
Non-controlling interests |
|
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|||
Name |
Registered office |
in % |
as of 30/9/2022 |
Dividends paid1 |
Non-current assets |
Short-term assets |
Non-current liabilities |
Current liabilities |
Sales |
Profit shares1 |
||
METRO Cash & Carry Österreich GmbH |
Vösendorf, Österreich |
27.00 |
18 |
6 |
237 |
103 |
63 |
211 |
798 |
3 |
||
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- A complete list of group companies and associates is shown in no. 56 – overview of the major fully consolidated group companies. In addition, a list of all group companies and associates is shown in no. 58 – affiliated companies of the METRO AG group as of 30 September 2022 pursuant to § 313 of the German Commercial Code.