Capital management

The aim of the capital management strategy of METRO is to secure the company’s continued business operations, to enhance its enterprise value, to create solid capital resources to finance future growth and to provide for attractive dividend payments and capital service.

The capital management strategy of METRO has remained unchanged compared with the .

Equity, liabilities and net debt in the consolidated financial statements

Equity amounts to €3,130 million (30/9/2017: €3,207 million), while liabilities amount to €12,112 million (30/9/2017: €12,572 million). amounts to €2,710 million compared with €3,142 million as of 30/9/2017. The figures from the previous year include net debt from discontinued operations in the amount of €410 million.

(XLS:) XLS

€ million

 

30/9/2017

 

30/9/2018

1

Shown in the balance sheet under other financial and non-financial assets (current).

Equity

 

3,207

 

3,130

Liabilities

 

12,572

 

12,112

Net debt

 

3,142

 

2,710

Financial liabilities (incl. finance leases)

 

4,706

 

4,010

Cash and cash equivalents according to the balance sheet

 

1,559

 

1,298

Short-term financial investments1

 

5

 

2

Local capital requirements

The capital market strategy of METRO consistently aims to ensure that the group companies’ capital resources meet the local requirements. During financial year 2017/18, all external capital requirements were fulfilled. This includes, for example, adherence to a defined level of indebtedness or a fixed equity ratio.

Previous year
Period of 12 months, usually cited as reference for statements in an annual report.
Glossary
Net debt
The net debt results from the balance of the financial liabilities (including liabilities from finance leases), cash and cash equivalents less financial investments. Financial investments include short-term bank deposits and short-term liquid debt instruments.
Glossary