Consolidation group
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, 201 German (30/9/2017: 204) and 200 international (30/9/2017: 215) companies are included in the consolidated financial statements.
The group of consolidated companies changed as follows in financial year 2017/18:
As of 1/10/2017 |
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419 |
Changes in financial year 2017/18 |
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Companies merged with other consolidated subsidiaries |
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6 |
Disposal of shares |
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9 |
Other disposals |
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12 |
Newly founded companies |
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6 |
Acquisitions |
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3 |
As of 30/9/2018 |
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401 |
Deconsolidated companies are included as group companies up to the date of their disposal.
The reported 9 disposals exclusively concern the METRO Wholesale Western Europe segment (excluding Germany).
The other disposals result in particular from 7 liquidations.
Effects from changes in the consolidation group that are of special significance are explained separately in the respective items.
For materiality reasons, 4 affiliated subsidiaries are not fully consolidated.
Structured entities
Structured entities within the group concern leasing companies. The key purpose of the leasing companies is to acquire, lease out and manage assets. As of the closing date, 3 (30/9/2017: 9) structured entities are fully consolidated. As was already the case in the previous year, there were no obligations to grant financial assistance to structured entities within the meaning of IFRS 12.14. There are also no relationships with unconsolidated structured entities.
Investments accounted for using the equity method
24 associates (30/9/2017: 22) and 8 joint ventures (30/9/2017: 7) are recognised in the consolidated financial statements according to the equity method.
Another 2 companies (30/9/2017: 2) in which METRO AG indirectly or directly holds between 20% and 50% of the voting rights were valued at cost because they did not qualify as associates or because materiality considerations made the use of the equity method unnecessary.
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30/9/2017 |
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Non-controlling interests |
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Name |
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Registered office |
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in % |
as of 30/9/2017 |
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Dividends paid1 |
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Non-current assets |
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Current assets |
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Non-current liabilities |
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Current liabilities |
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Sales |
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Profit share1 |
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METRO Jinjiang Cash & Carry Co., Ltd. |
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Shanghai, China |
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10.00 |
24 |
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0 |
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326 |
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768 |
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3 |
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841 |
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2,672 |
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11 |
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€ million |
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30/9/2018 |
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Non-controlling interests |
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Name |
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Registered office |
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in % |
as of 30/9/2018 |
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Dividends paid1 |
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Non-current assets |
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Current assets |
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Non-current liabilities |
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Current liabilities |
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Sales |
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Profit share1 |
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METRO Jinjiang Cash & Carry Co., Ltd. |
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Shanghai, China |
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10.00 |
23 |
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0 |
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291 |
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797 |
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3 |
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860 |
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2,652 |
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0 |
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- A complete list of group companies and associates is shown in no. 55 – overview of the major fully consolidated group companies. In addition, a complete list of all group companies and associates is shown in no. 57 – affiliated companies of METRO AG as of 30 September 2018 pursuant to § 313 of the German Commercial Code.