23. Financial investments and investments accounted for using the equity method
€ million |
|
Loans |
|
Investments |
|
Securities |
|
Total financial assets |
Acquisition or production costs |
|
|
|
|
|
|
|
|
As of 1/10/2016 |
|
45 |
|
25 |
|
26 |
|
96 |
Currency translation |
|
−1 |
|
0 |
|
0 |
|
−1 |
Additions to consolidation group |
|
0 |
|
0 |
|
0 |
|
0 |
Additions |
|
8 |
|
27 |
|
0 |
|
36 |
Disposals |
|
−4 |
|
−2 |
|
−14 |
|
−19 |
Reclassifications in accordance with IFRS 5 |
|
0 |
|
0 |
|
0 |
|
0 |
Transfers |
|
−2 |
|
0 |
|
−3 |
|
−5 |
As of 30/9 – 1/10/2017 |
|
47 |
|
51 |
|
9 |
|
107 |
Currency translation |
|
−1 |
|
0 |
|
0 |
|
−1 |
Additions to consolidation group |
|
0 |
|
0 |
|
0 |
|
0 |
Additions |
|
6 |
|
19 |
|
0 |
|
26 |
Disposals |
|
−3 |
|
−2 |
|
0 |
|
−4 |
Reclassifications in accordance with IFRS 5 |
|
−13 |
|
−17 |
|
0 |
|
−31 |
Transfers |
|
−1 |
|
0 |
|
0 |
|
−1 |
As of 30/9/2018 |
|
36 |
|
51 |
|
9 |
|
95 |
Depreciation |
|
|
|
|
|
|
|
|
As of 1/10/2016 |
|
4 |
|
4 |
|
0 |
|
7 |
Currency translation |
|
0 |
|
0 |
|
0 |
|
0 |
Additions, scheduled |
|
0 |
|
0 |
|
0 |
|
0 |
Additions, impairment |
|
1 |
|
8 |
|
0 |
|
9 |
Disposals |
|
0 |
|
0 |
|
0 |
|
0 |
Reclassifications in accordance with IFRS 5 |
|
0 |
|
0 |
|
0 |
|
0 |
Reversals of impairment losses |
|
0 |
|
0 |
|
0 |
|
0 |
Transfers |
|
−1 |
|
0 |
|
0 |
|
−1 |
As of 30/9 – 1/10/2017 |
|
4 |
|
12 |
|
0 |
|
15 |
Currency translation |
|
0 |
|
0 |
|
0 |
|
0 |
Additions, scheduled |
|
0 |
|
0 |
|
0 |
|
0 |
Additions, impairment |
|
0 |
|
0 |
|
0 |
|
0 |
Disposals |
|
0 |
|
−1 |
|
0 |
|
−1 |
Reclassifications in accordance with IFRS 5 |
|
0 |
|
−8 |
|
0 |
|
−8 |
Reversals of impairment losses |
|
0 |
|
0 |
|
0 |
|
0 |
Transfers |
|
1 |
|
0 |
|
0 |
|
1 |
As of 30/9/2018 |
|
4 |
|
3 |
|
0 |
|
7 |
Carrying amount as of 1/10/2016 |
|
41 |
|
22 |
|
26 |
|
89 |
Carrying amount as of 30/9/2017 |
|
43 |
|
39 |
|
9 |
|
92 |
Carrying amount as of 30/9/2018 |
|
31 |
|
48 |
|
9 |
|
88 |
€ million |
|
Investments accounted for using the equity method |
Acquisition or production costs |
|
|
As of 1/10/2016 |
|
185 |
Currency translation |
|
0 |
Additions to consolidation group |
|
0 |
Additions |
|
9 |
Disposals |
|
−12 |
Reclassifications in accordance with IFRS 5 |
|
0 |
Transfers |
|
2 |
As of 30/9 – 1/10/2017 |
|
184 |
Currency translation |
|
−8 |
Additions to consolidation group |
|
0 |
Additions |
|
9 |
Disposals |
|
−6 |
Reclassifications in accordance with IFRS 5 |
|
0 |
Transfers |
|
0 |
As of 30/9/2018 |
|
179 |
Depreciation |
|
|
As of 1/10/2016 |
|
2 |
Currency translation |
|
0 |
Additions, scheduled |
|
0 |
Additions, impairment |
|
0 |
Disposals |
|
−1 |
Reclassifications in accordance with IFRS 5 |
|
0 |
Reversals of impairment losses |
|
0 |
Transfers |
|
0 |
As of 30/9 – 1/10/2017 |
|
1 |
Currency translation |
|
0 |
Additions, scheduled |
|
0 |
Additions, impairment |
|
0 |
Disposals |
|
0 |
Reclassifications in accordance with IFRS 5 |
|
0 |
Reversals of impairment losses |
|
0 |
Transfers |
|
0 |
As of 30/9/2018 |
|
1 |
Carrying amount as of 1/10/2016 |
|
183 |
Carrying amount as of 30/9/2017 |
|
183 |
Carrying amount as of 30/9/2018 |
|
178 |
Disclosures about 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 above have 31 December as the closing date. The companies are included in the consolidated financial statements of METRO AG with their most recent available financial statements.
|
|
Habib METRO Pakistan |
|
OPCI FWP |
|
OPCI FWS |
|
Mayfair group1 |
|
Miscellaneous |
|
Total |
||||||||
€ million |
|
2016/17 |
2017/18 |
|
2016/17 |
2017/18 |
|
2016/17 |
2017/18 |
|
2016/17 |
2017/18 |
|
2016/17 |
2017/18 |
|
2016/17 |
2017/18 |
||
|
||||||||||||||||||||
Disclosures about the income statement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
Sales revenues |
|
14 |
12 |
|
24 |
23 |
|
23 |
23 |
|
8 |
14 |
|
60 |
127 |
|
129 |
199 |
||
Tax profit for the period from continuing operations |
|
7 |
6 |
|
16 |
15 |
|
13 |
15 |
|
4 |
8 |
|
7 |
63 |
|
47 |
107 |
||
Tax profit from discontinued operations |
|
0 |
0 |
|
0 |
0 |
|
0 |
0 |
|
0 |
0 |
|
0 |
0 |
|
0 |
0 |
||
Other comprehensive income |
|
0 |
0 |
|
0 |
0 |
|
0 |
0 |
|
0 |
0 |
|
0 |
0 |
|
0 |
0 |
||
Total comprehensive income |
|
7 |
6 |
|
16 |
15 |
|
13 |
15 |
|
4 |
8 |
|
7 |
63 |
|
47 |
107 |
||
Dividend payments to the group |
|
1 |
2 |
|
1 |
1 |
|
4 |
3 |
|
0 |
0 |
|
2 |
1 |
|
8 |
7 |
||
Notes to the balance sheet |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
Non-current assets |
|
55 |
47 |
|
275 |
287 |
|
264 |
270 |
|
195 |
190 |
|
– |
– |
|
– |
– |
||
Current assets |
|
23 |
22 |
|
4 |
4 |
|
2 |
5 |
|
6 |
8 |
|
– |
– |
|
– |
– |
||
Non-current liabilities |
|
3 |
2 |
|
103 |
116 |
|
100 |
110 |
|
0 |
0 |
|
– |
– |
|
– |
– |
||
Current liabilities |
|
3 |
2 |
|
0 |
0 |
|
0 |
0 |
|
5 |
8 |
|
– |
– |
|
– |
– |
||
Net assets |
|
72 |
64 |
|
176 |
175 |
|
166 |
164 |
|
196 |
190 |
|
– |
– |
|
– |
– |
||
Amount of the share (in %) |
|
40 |
40 |
|
5 |
5 |
|
25 |
25 |
|
40 |
40 |
|
– |
– |
|
– |
– |
||
Share of the group in the net assets |
|
30 |
26 |
|
9 |
9 |
|
42 |
41 |
|
78 |
75 |
|
– |
– |
|
– |
– |
||
Adjustment of asset values |
|
18 |
15 |
|
– |
– |
|
−1 |
– |
|
– |
– |
|
– |
– |
|
– |
– |
||
Carrying amount of the share in the group |
|
48 |
41 |
|
9 |
9 |
|
41 |
41 |
|
78 |
75 |
|
7 |
12 |
|
183 |
178 |
||
METRO’s representation on the supervisory board of OPCI FRENCH WHOLESALE PROPERTIES – FWP ensures that significant influence is maintained and that the holding will be accounted for using the equity method although the share only amounts to 5%.
The investments accounted for using the equity method within the group are mainly associate companies and rental companies. The main purpose of the leasing companies is to acquire, lease out and manage assets. The assets of these real estate companies are exclusively leased to METRO companies.