24. Other financial and other non-financial assets

 

30/9/2018

30/9/2019

 

 

Remaining term

 

Remaining term

€ million

Total

up to 1 year

over 1 year

Total

up to 1 year

over 1 year

Receivables due from suppliers

328

327

1

316

316

1

Miscellaneous financial assets

271

233

38

324

287

37

Other financial assets

600

561

39

640

603

37

Other tax receivables

237

237

0

178

178

0

Prepaid expenses and deferred charges

226

68

158

101

66

35

Miscellaneous non-financial assets

53

48

5

42

35

8

Other non-financial assets

515

353

163

322

279

43

Receivables due from suppliers comprise both invoiced and deferred income for subsequent supplier compensation (for example bonuses, advertising subsidies) and creditors with debit balances.

The miscellaneous financial assets primarily consist of receivables from the disposal of non-current assets, receivables from credit card transactions, receivables from finance lease agreements, receivables from other financial transactions and receivables and other assets from the real estate sector.

The ’s figures for the other financial assets include €27 million and the previous year’s figures for other non-financial assets include €205 million attributable to the assets held for sale in connection with the sale of METRO China.

The other tax receivables include value added tax refunds, later offsettable input tax and miscellaneous tax receivables.

Prepaid expenses and deferred charges include deferred rental, leasing and interest charges as well as miscellaneous prepaid expenses and deferred charges.

Miscellaneous non-financial assets mainly consist of prepayments on inventories and raw materials and supplies. In addition, they include contract assets in the amount of €1 million (1/10/2018: €0 million) as well as assets for the right to recover products from a customer on settling the refund liabilities in the amount of €1 million (no balances existed at the date of first application of 15).

The decrease of the other non-financial assets is predominantly attributable to the assets of METRO China, which were still included in previous year’s figure.

Previous year
Period of 12 months, usually cited as reference for statements in an annual report.
Glossary
IFRS (International Financial Reporting Standards)
Internationally applicable rules for financial reporting developed by the IASB. Contrary to the accounting rules under the German Commercial Code, the IFRS emphasise the informational function.
Glossary