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.

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€ 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.

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€ 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.

Impairment disclosures are provided in no. 15 – Depreciation/amortisation/impairment losses.

A detailed explanation of the disposal of METRO’s IT companies can be found in no. 42 – assets held for sale and liabilities.

Information on leases is provided in no. 46 – leases.

Annual Report 2020/21

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21. Property, plant and equipment