28. Impairments of capitalised financial instruments
Impairments of capitalised financial instruments that are measured at amortised cost are as follows:
XLS
€ million |
|
Category ‘loans and receivables’ |
|
thereof loans and advance credit granted |
|
thereof other current receivables |
As of 1/10/2016 |
|
109 |
|
(4) |
|
(105) |
Currency translation |
|
−2 |
|
(0) |
|
(−2) |
Additions |
|
45 |
|
(1) |
|
(44) |
Reversal |
|
−17 |
|
(0) |
|
(−17) |
Reclassifications in accordance with IFRS 5 |
|
−1 |
|
(0) |
|
(−1) |
Utilisation |
|
−17 |
|
(0) |
|
(−17) |
Transfers |
|
−1 |
|
(0) |
|
(−1) |
As of 30/9 – 1/10/2017 |
|
117 |
|
(4) |
|
(113) |
Currency translation |
|
−5 |
|
(0) |
|
(−5) |
Additions |
|
40 |
|
(0) |
|
(40) |
Reversal |
|
−19 |
|
(0) |
|
(−18) |
Reclassifications in accordance with IFRS 5 |
|
−5 |
|
(0) |
|
(−5) |
Utilisation |
|
−29 |
|
(0) |
|
(−29) |
Transfers |
|
1 |
|
(1) |
|
(0) |
As of 30/9/2018 |
|
100 |
|
(5) |
|
(95) |
In the category ‘loans and receivables’, which particularly includes loans, trade receivables, receivables from suppliers as well as receivables and other assets in the real estate area, negative earnings effects from impairment losses amount to €18 million (2016/17: €26 million). This also includes earnings from the receipt of cash from receivables that had already been derecognised in anticipation of irrevocability of €1 million (2016/17: €0 million).
In accordance with IFRS 5, impairments of the hypermarket business are not included in the profit or loss from continuing operations. Instead, these impairments are included in the movement schedules on the development of impairments of capitalised financial instruments up to the point of reclassification on 30 September 2018; for this reason, the amounts stated in the table above may differ from those stated below the table.
The current financial year includes reclassifications of impairment losses on assets held for sale in the amount of €5 million (2016/17: €1 million).
As in the previous year, no earnings effects existed in the category ‘held to maturity’ or from receivables from finance leases (carrying value according to IAS 17).
In principle, impairment losses on capitalised financial instruments are posted to an adjustment account. They reduce the carrying amount of financial assets.