Asset position
In financial year 2019/20, METRO’s total assets decreased by €4.6 billion to €13.2 billion (30/9/2019: €17.8 billion).
In financial year 2019/20, non-current assets from continuing operations decreased by €0.6 billion to €8.3 billion (30/9/2019: €8.8 billion), primarily relating to property, plant and equipment. This was largely due to negative currency effects, which reduced the carrying amounts. The increase in investments accounted for by using the equity method had the opposite effect. It was mainly due to the addition of 20.04% of the shares in WM Holding (HK) Limited. This company acquired the operational business of METRO China and the associated real estate as part of our partnership with Wumei.
€ million |
Note no. |
30/9/20191 |
30/9/2020 |
||
|---|---|---|---|---|---|
Non-current assets |
|
8,838 |
8,277 |
||
Goodwill |
785 |
731 |
|||
Other intangible assets |
562 |
576 |
|||
Property, plant and equipment |
6,635 |
5,811 |
|||
Investment properties |
127 |
188 |
|||
Financial assets |
97 |
98 |
|||
Investments accounted for using the equity method |
179 |
421 |
|||
Other financial and other non-financial assets |
169 |
201 |
|||
Deferred tax assets |
284 |
252 |
|||
|
|||||
- For more information about the development of non-current assets, see the notes to the consolidated financial statements in the numbers listed in the table.
METRO’s current assets decreased by €4.1 billion compared to previous year’s figures to €4.9 billion (30/9/2019: €9.0 billion). The disposal of the hypermarket business and the majority stake in METRO China in the amount of €4.9 billion contributed to this development. By contrast, cash increased by €1.0 billion to €1.5 billion (30/9/2019: €0.5 billion).
€ million |
Note no. |
30/9/20191 |
30/9/2020 |
||
|---|---|---|---|---|---|
Current assets |
|
8,992 |
4,915 |
||
Inventories |
1,946 |
1,888 |
|||
Trade receivables |
482 |
429 |
|||
Financial assets |
|
4 |
3 |
||
Other financial and other non-financial assets |
901 |
902 |
|||
Entitlements to income tax refunds |
|
190 |
145 |
||
Cash and cash equivalents |
500 |
1,525 |
|||
Assets held for sale |
4,970 |
22 |
|||
|
|||||
- For more information about the development of current assets, see the notes to the consolidated financial statements in the numbers listed in the table.