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Annual Report
Consolidated financial statements of METRO AG
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Annual Report 2019/20
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To our shareholders
Letter to the shareholders
The Management Board
Report of the Supervisory Board
METRO share
Performance
Shareholder structure
Market capitalisation and index inclusion
Dividend
Analysts’ recommendations
Investor Relations
Financial calendar 2020/21
METRO in figures
Goals and strategy
Combined Management Report
Overview of financial year
Outlook
Principles of the group
Business model
Management system
Innovation management
Combined non-financial statement
METRO SUSTAINABLE
Sustainability management
Environmental matters
Employee interests
Social matters
Combating corruption and bribery
Customers
Economic report
Economic conditions
Asset, financial and earnings position
Financial and asset position
Financial management
Investments / divestments
Liquidity
Capital structure
Asset position
Discontinued operations
Earnings position
Group business development
Comparison outlook with actual business
Sales and earnings development
Depreciation, financial result and taxes
Discontinued operations
Profit or loss for the period and earnings per share
Events after the closing date and outlook
Report on events after the closing date
Outlook
Macroeconomic parameters
Outlook of METRO
Opportunities and risk report
Risk management system and internal control system
Identification, assessment and steering of risks
Internal control system for financial and operational processes
Opportunity and risk situation
Management’s overall assessment
Remuneration report
Remuneration system of the Management Board
Remuneration of members of the Supervisory Board
Takeover-related disclosures
Supplementary notes METRO AG
Consolidated financial statements
Income statement
Profit or loss for the period
Balance sheet
Statement of changes in equity
Cash flow statement
Notes
Segment reporting
Notes to the group accounting principles and methods
Accounting principles
Accounting methods
Consolidation group
Consolidation principles
Currency translation
Income statement
Balance sheet
Other
Estimates and assumptions, discretionary judgements
Capital management
Notes to the income statement
1. Sales revenues
2. Other operating income
3. Selling expenses
4. General administrative expenses
5. Other operating expenses
6. Earnings from impairment of financial assets
7. Earnings share of operating/non-operating companies recognised at equity
8. Other investment result
9. Net interest income/interest expenses
10. Other financial result
11. Net results according to measurement categories
12. Income taxes
13. Profit or loss for the period attributable to non-controlling interests
14. Earnings per share
15. Depreciation / amortisation / impairment losses
16. Cost of materials
17. Personnel expenses
18. Other taxes
Notes to the balance sheet
19. Goodwill
20. Other intangible assets
21. Property, plant and equipment
22. Investment properties
23. Financial investments and investments accounted for using the equity method
24. Other financial and other non-financial assets
25. Deferred tax assets/deferred tax liabilities
26. Inventories
27. Trade receivables
28. Impairments of financial assets
29. Cash and cash equivalents
30. Assets held for disposal/liabilities related to assets held for sale
31. Equity
32. Provisions for post-employment benefits plans and similar obligations
33. Other provisions (non-current) / provisions (current)
34. Liabilities
35. Trade liabilities
36. Financial liabilities
37. Other financial and other non-financial liabilities
38. Offsetting financial assets and financial liabilities
39. Undiscounted cash flows of financial liabilities
40. Carrying amounts and fair values according to measurement categories
Other notes
41. Notes to the cash flow statement
42. Segment reporting
43. Discontinued operations
44. Management of financial risks
45. Contingent liabilities
46. Other financial commitments
47. Leases
48. Adjustment of comparative figures for 2018/19 due to IFRS 16
49. Remaining legal issues
50. Events after the closing date
51. Notes on related parties
52. Long-term incentive for executives
53. Management Board and Supervisory Board
54. Auditor’s fees for the financial year pursuant to § 314 Section 1 No. 9 of the German Commercial Code (HGB)
55. Declaration of conformity with the German Corporate Governance Code
56. Election to be exempt from §§ 264 Section 3 and 264b of the German Commercial Code
57. Overview of the major fully consolidated group companies
58. Boards of METRO AG and mandates of their members
59. Affiliated companies of the group METRO AG
Responsibility statement of the legal representatives
Auditor’s report
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To our shareholders
To our shareholders
Letter to the shareholders
To our shareholders
The Management Board
To our shareholders
Report of the Supervisory Board
To our shareholders
METRO share
METRO share
Performance
METRO share
Shareholder structure
METRO share
Market capitalisation and index inclusion
METRO share
Dividend
METRO share
Analysts’ recommendations
METRO share
Investor Relations
METRO share
Financial calendar 2020/21
To our shareholders
METRO in figures
en
Goals and strategy
en
Combined Management Report
Combined Management Report
Overview of financial year
Combined Management Report
Outlook
Combined Management Report
Principles of the group
Principles of the group
Business model
Principles of the group
Management system
Principles of the group
Innovation management
Principles of the group
Combined non-financial statement
Combined non-financial statement
METRO SUSTAINABLE
Combined non-financial statement
Sustainability management
Combined non-financial statement
Environmental matters
Combined non-financial statement
Employee interests
Combined non-financial statement
Social matters
Combined non-financial statement
Combating corruption and bribery
Combined non-financial statement
Customers
Combined Management Report
Economic report
Economic report
Economic conditions
Economic report
Asset, financial and earnings position
Economic report
Financial and asset position
Financial and asset position
Financial management
Financial and asset position
Investments / divestments
Financial and asset position
Liquidity
Financial and asset position
Capital structure
Financial and asset position
Asset position
Financial and asset position
Discontinued operations
Economic report
Earnings position
Earnings position
Group business development
Earnings position
Comparison outlook with actual business
Earnings position
Sales and earnings development
Earnings position
Depreciation, financial result and taxes
Earnings position
Discontinued operations
Earnings position
Profit or loss for the period and earnings per share
Combined Management Report
Events after the closing date and outlook
Events after the closing date and outlook
Report on events after the closing date
Events after the closing date and outlook
Outlook
Outlook
Macroeconomic parameters
Outlook
Outlook of METRO
Combined Management Report
Opportunities and risk report
Opportunities and risk report
Risk management system and internal control system
Opportunities and risk report
Identification, assessment and steering of risks
Opportunities and risk report
Internal control system for financial and operational processes
Opportunities and risk report
Opportunity and risk situation
Opportunities and risk report
Management’s overall assessment
Combined Management Report
Remuneration report
Remuneration report
Remuneration system of the Management Board
Remuneration report
Remuneration of members of the Supervisory Board
Combined Management Report
Takeover-related disclosures
Combined Management Report
Supplementary notes METRO AG
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Consolidated financial statements
Consolidated financial statements
Income statement
Consolidated financial statements
Profit or loss for the period
Consolidated financial statements
Balance sheet
Consolidated financial statements
Statement of changes in equity
Consolidated financial statements
Cash flow statement
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Notes
Notes
Segment reporting
Notes
Notes to the group accounting principles and methods
Notes to the group accounting principles and methods
Accounting principles
Notes to the group accounting principles and methods
Accounting methods
Notes to the group accounting principles and methods
Consolidation group
Notes to the group accounting principles and methods
Consolidation principles
Notes to the group accounting principles and methods
Currency translation
Notes to the group accounting principles and methods
Income statement
Notes to the group accounting principles and methods
Balance sheet
Notes to the group accounting principles and methods
Other
Notes to the group accounting principles and methods
Estimates and assumptions, discretionary judgements
Notes
Capital management
Notes
Notes to the income statement
Notes to the income statement
1. Sales revenues
Notes to the income statement
2. Other operating income
Notes to the income statement
3. Selling expenses
Notes to the income statement
4. General administrative expenses
Notes to the income statement
5. Other operating expenses
Notes to the income statement
6. Earnings from impairment of financial assets
Notes to the income statement
7. Earnings share of operating/non-operating companies recognised at equity
Notes to the income statement
8. Other investment result
Notes to the income statement
9. Net interest income/interest expenses
Notes to the income statement
10. Other financial result
Notes to the income statement
11. Net results according to measurement categories
Notes to the income statement
12. Income taxes
Notes to the income statement
13. Profit or loss for the period attributable to non-controlling interests
Notes to the income statement
14. Earnings per share
Notes to the income statement
15. Depreciation / amortisation / impairment losses
Notes to the income statement
16. Cost of materials
Notes to the income statement
17. Personnel expenses
Notes to the income statement
18. Other taxes
Notes
Notes to the balance sheet
Notes to the balance sheet
19. Goodwill
Notes to the balance sheet
20. Other intangible assets
Notes to the balance sheet
21. Property, plant and equipment
Notes to the balance sheet
22. Investment properties
Notes to the balance sheet
23. Financial investments and investments accounted for using the equity method
Notes to the balance sheet
24. Other financial and other non-financial assets
Notes to the balance sheet
25. Deferred tax assets/deferred tax liabilities
Notes to the balance sheet
26. Inventories
Notes to the balance sheet
27. Trade receivables
Notes to the balance sheet
28. Impairments of financial assets
Notes to the balance sheet
29. Cash and cash equivalents
Notes to the balance sheet
30. Assets held for disposal/liabilities related to assets held for sale
Notes to the balance sheet
31. Equity
Notes to the balance sheet
32. Provisions for post-employment benefits plans and similar obligations
Notes to the balance sheet
33. Other provisions (non-current) / provisions (current)
Notes to the balance sheet
34. Liabilities
Notes to the balance sheet
35. Trade liabilities
Notes to the balance sheet
36. Financial liabilities
Notes to the balance sheet
37. Other financial and other non-financial liabilities
Notes to the balance sheet
38. Offsetting financial assets and financial liabilities
Notes to the balance sheet
39. Undiscounted cash flows of financial liabilities
Notes to the balance sheet
40. Carrying amounts and fair values according to measurement categories
Notes
Other notes
Other notes
41. Notes to the cash flow statement
Other notes
42. Segment reporting
Other notes
43. Discontinued operations
Other notes
44. Management of financial risks
Other notes
45. Contingent liabilities
Other notes
46. Other financial commitments
Other notes
47. Leases
Other notes
48. Adjustment of comparative figures for 2018/19 due to IFRS 16
Other notes
49. Remaining legal issues
Other notes
50. Events after the closing date
Other notes
51. Notes on related parties
Other notes
52. Long-term incentive for executives
Other notes
53. Management Board and Supervisory Board
Other notes
54. Auditor’s fees for the financial year pursuant to § 314 Section 1 No. 9 of the German Commercial Code (HGB)
Other notes
55. Declaration of conformity with the German Corporate Governance Code
Other notes
56. Election to be exempt from §§ 264 Section 3 and 264b of the German Commercial Code
Other notes
57. Overview of the major fully consolidated group companies
Other notes
58. Boards of METRO AG and mandates of their members
Other notes
59. Affiliated companies of the group METRO AG
Notes
Responsibility statement of the legal representatives
Notes
Auditor’s report
Key Figures Comparison
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