14. Depreciation / amortisation / impairment losses
Depreciation/amortisation/impairment losses of €780 million (2015/16: €710 million) include impairment losses totalling €85 million (2015/16: €25 million). They relate mainly to property, plant and equipment with €46 million (2015/16: €21 million) and goodwill with €19 million (2015/16: €0 million). In addition, write-downs related to the disposal of MIDBAN ESOLUTIONS S.L. amounting to €9 million contribute to the impairments. In addition, net financial result included impairment losses in the amount of €9 million (2015/16: €0 million), which mainly relate to equity investments.
Impairment losses on property, plant and equipment are attributable to land and buildings at €37 million (2015/16: €13 million) and to business and office equipment at €9 million (2015/16: €7 million). The recognised impairment losses on goodwill relate mainly to METRO Cash & Carry Netherlands with €8 million and to METRO Cash & Carry Japan with €8 million.
The attribution of depreciation/amortisation/impairment losses in the income statement and the affected asset categories is as follows:
XLS
2015/16 |
|
Goodwill |
|
Other intangible assets |
|
Property, plant and equipment |
|
Investment properties |
|
Financial assets1 |
|
Assets held for sale |
|
Total |
||
€ million |
|
|
|
|
|
|
|
|||||||||
|
||||||||||||||||
Cost of sales |
|
0 |
|
0 |
|
13 |
|
0 |
|
0 |
|
0 |
|
13 |
||
thereof depreciation/ |
|
(0) |
|
(0) |
|
(13) |
|
(0) |
|
(0) |
|
(0) |
|
(13) |
||
thereof impairment |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
||
Selling expenses |
|
0 |
|
30 |
|
575 |
|
15 |
|
0 |
|
0 |
|
621 |
||
thereof depreciation/ |
|
(0) |
|
(28) |
|
(555) |
|
(14) |
|
(0) |
|
(0) |
|
(597) |
||
thereof impairment |
|
(0) |
|
(2) |
|
(20) |
|
(1) |
|
(0) |
|
(0) |
|
(24) |
||
General administrative expenses |
|
0 |
|
58 |
|
17 |
|
0 |
|
0 |
|
0 |
|
75 |
||
thereof depreciation/ |
|
(0) |
|
(57) |
|
(17) |
|
(0) |
|
(0) |
|
(0) |
|
(74) |
||
thereof impairment |
|
(0) |
|
(1) |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
|
(1) |
||
Other operating expenses |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
||
thereof impairment |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
||
Scheduled impairment losses and impairment before impairment of financial investments |
|
0 |
|
88 |
|
605 |
|
16 |
|
0 |
|
0 |
|
710 |
||
Financial result |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
||
thereof impairment |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
||
|
|
0 |
|
88 |
|
605 |
|
16 |
|
0 |
|
0 |
|
710 |
||
thereof depreciation/ |
|
(0) |
|
(85) |
|
(585) |
|
(15) |
|
(0) |
|
(0) |
|
(685) |
||
thereof impairment |
|
(0) |
|
(3) |
|
(21) |
|
(1) |
|
(0) |
|
(0) |
|
(25) |
||
XLS
2016/17 |
|
Goodwill |
|
Other intangible assets |
|
Property, plant and equipment |
|
Investment properties |
|
Financial assets1 |
|
Assets held for sale |
|
Total |
||
€ million |
|
|||||||||||||||
|
||||||||||||||||
Cost of sales |
|
0 |
|
2 |
|
19 |
|
0 |
|
0 |
|
0 |
|
20 |
||
thereof depreciation/ |
|
(0) |
|
(2) |
|
(19) |
|
(0) |
|
(0) |
|
(0) |
|
(20) |
||
thereof impairment |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
||
Selling expenses |
|
0 |
|
31 |
|
598 |
|
10 |
|
0 |
|
0 |
|
639 |
||
thereof depreciation/ |
|
(0) |
|
(31) |
|
(559) |
|
(9) |
|
(0) |
|
(0) |
|
(599) |
||
thereof impairment |
|
(0) |
|
(0) |
|
(38) |
|
(2) |
|
(0) |
|
(0) |
|
(40) |
||
General administrative expenses |
|
0 |
|
56 |
|
27 |
|
0 |
|
0 |
|
0 |
|
83 |
||
thereof depreciation/ |
|
(0) |
|
(56) |
|
(19) |
|
(0) |
|
(0) |
|
(0) |
|
(76) |
||
thereof impairment |
|
(0) |
|
(0) |
|
(8) |
|
(0) |
|
(0) |
|
(0) |
|
(8) |
||
Other operating expenses |
|
19 |
|
0 |
|
0 |
|
0 |
|
0 |
|
9 |
|
28 |
||
thereof impairment |
|
(19) |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
|
(9) |
|
(28) |
||
Scheduled impairment losses and impairment before impairment of financial investments |
|
19 |
|
89 |
|
643 |
|
11 |
|
0 |
|
9 |
|
771 |
||
Financial result |
|
0 |
|
0 |
|
0 |
|
0 |
|
9 |
|
0 |
|
9 |
||
thereof impairment |
|
(0) |
|
(0) |
|
(0) |
|
(0) |
|
(9) |
|
(0) |
|
(9) |
||
|
|
19 |
|
89 |
|
643 |
|
11 |
|
9 |
|
9 |
|
780 |
||
thereof depreciation/ |
|
(0) |
|
(89) |
|
(597) |
|
(9) |
|
(0) |
|
(0) |
|
(695) |
||
thereof impairment |
|
(19) |
|
(0) |
|
(46) |
|
(2) |
|
(9) |
|
(9) |
|
(85) |
||
Of the impairments amounting to €85 million (2015/16: €25 million), METRO Wholesale accounted for €72 million (2015/16: €20 million), Real for €0 million (2015/16: €1 million) and Others for €13 million (2015/16: €4 million).