21. Property, plant and equipment

Property, plant and equipment includes own tangible assets and rights of use for leased property, plant and equipment.

€ million

30/9/2020

30/9/2021

Property, plant and equipment

3,728

3,545

Usufructuary rights

2,084

2,117

 

5,811

5,663

The inventories and developments are each presented and explained separately below.

The development of own tangible assets is shown in the following table.

€ million

Land and buildings

Other plant, business and office equipment

Assets under construction

Total

Acquisition or production costs

 

 

 

 

As of 1/10/2019

5,951

3,093

116

9,160

Currency translation

−457

−136

−7

−600

Additions to consolidation group

0

0

0

0

Additions

24

66

109

198

Disposals

−26

−104

−13

−142

Reclassifications in accordance with IFRS 5

−1

0

0

−1

Transfers

41

72

−109

4

As of 30/9/2020 and 1/10/2020

5,531

2,991

96

8,618

Currency translation

66

24

1

91

Additions to consolidation group

16

5

0

20

Additions

25

50

114

189

Disposals

−17

−90

−7

−114

Reclassifications in accordance with IFRS 5

−4

−159

−1

−164

Transfers

42

77

−111

8

As of 30/9/2021

5,659

2,897

94

8,649

Depreciation

 

 

 

 

As of 1/10/2019

2,711

2,179

10

4,900

Currency translation

−163

−87

−1

−252

Additions, scheduled

165

181

0

346

Additions, impairment

7

3

1

11

Disposals

−22

−100

0

−122

Reclassifications in accordance with IFRS 5

−1

0

0

−1

Reversals of impairment losses

0

0

0

−1

Transfers

7

1

0

8

As of 30/9/2020 and 1/10/2020

2,703

2,177

10

4,890

Currency translation

24

14

0

39

Additions, scheduled

165

161

0

325

Additions, impairment

26

27

0

53

Disposals

−3

−86

0

−90

Reclassifications in accordance with IFRS 5

−3

−130

0

−134

Reversals of impairment losses

0

0

0

0

Transfers

20

−1

0

19

As of 30/9/2021

2,931

2,163

10

5,104

Carrying amount as of 1/10/2019

3,240

914

106

4,260

Carrying amount as of 30/9/2020

2,828

814

86

3,728

Carrying amount as of 30/9/2021

2,728

734

84

3,545

The decline of €182 million in property, plant and equipment is largely due to investments being more than offset by current depreciation. In addition, disposals related to the sale of METRO’s IT companies reduced property, plant and equipment by €30 million.

Restrictions on titles in the form of liens and encumbrances for items of property, plant and equipment amounted to €9 million (30/9/2020: €10 million).

Contractual commitments were recorded for items of property, plant and equipment in the amount of €40 million (30/9/2020: €22 million).

The development of rights of use of leased property, plant and equipment is shown in the following table.

€ million

Land and buildings

Vehicles

Others

Total

Net carrying amount

 

 

 

 

As of 1/10/2019

2,248

95

32

2,374

Additions

185

61

21

267

Depreciation

−254

−45

−12

−311

Impairment

−4

0

0

−4

Reclassifications and net change in consolidation group

−63

0

−2

−65

Disposals, currency translation and reversals of impairment losses

−165

−9

−4

−178

As of 30/9/2020 and 1/10/2020

1,947

103

34

2,084

Additions

315

48

13

377

Depreciation

−241

−46

−11

−297

Impairment

−11

−1

−1

−13

Reclassifications and net change in consolidation group

7

4

−5

6

Disposals, currency translation and reversals of impairment losses

−31

−7

−2

−40

As of 30/9/2021

1,988

101

28

2,117

The €33 million increase in usufructuary rights is largely due to investments of €377 million in usufructuary rights. These mainly relate to contract extensions for large market portfolios as well as rental indexing. Depreciation and amortisation of €297 million and disposals of €43 million had an offsetting effect. In addition, usufructuary rights were reduced by €9 million in connection with the disposal of METRO’s IT companies.