Consolidation group
Besides METRO AG, all companies indirectly or directly controlled by METRO AG are included in the consolidated financial statements if these companies individually or as a group are not immaterial to the consolidated financial statements. Control exists if there is a possibility to control a company’s financial and business policy through a majority of voting rights or according to the Articles of Association, company contract or contractual agreement in order to benefit from this company’s business activities.
Including METRO AG, 171 German (30/9/2020: 177) and 173 international (30/9/2020: 174) companies are included in the consolidated financial statements.
The consolidation group changed as follows in financial year 2020/21:
As of 1/10/2020 |
351 |
|---|---|
Changes in financial year 2020/21 |
|
Companies merged with other consolidated subsidiaries |
−6 |
Disposal of shares |
−3 |
Other disposals |
−9 |
Newly founded companies |
3 |
Acquisitions |
8 |
As of 30/9/2021 |
344 |
Deconsolidated companies are treated as group companies up to the date of their disposal. Effects from changes in the consolidation group that are of particular importance are explained separately in the corresponding notes.
The acquisitions include primarily the first-time consolidation of Davigel España, S.A.U. and the Aviludo Group.
- A detailed description of the business combinations in the reporting period is provided in the notes to the business combinations.
The sales relate to the disposal of a real estate company and METRO’s IT companies as part of the strategic partnership with Wipro Limited.
- A detailed description of the disposal of METRO’s IT companies can be found in no. 42 – Assets held for sale and liabilities.
Other disposals primarily include liquidations.
Investments accounted for using the equity method
13 associated companies (30/9/2020: 25) and 9 joint ventures (30/9/2020: 9) are accounted for in the consolidated financial statements using the equity method.
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30/9/2020 |
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Non-controlling interests |
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Name |
Registered office |
in % |
as of 30/9/2020 |
Dividends paid1 |
Non-current assets |
Current assets |
Non-current liabilities |
Current liabilities |
Sales revenues |
Profit shares1 |
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METRO Cash & Carry Österreich GmbH |
Vösendorf, Österreich |
27.00 |
9 |
2 |
81 |
139 |
35 |
144 |
736 |
2 |
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€ million |
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30/9/2021 |
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Non-controlling interests |
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Name |
Registered office |
in % |
as of 30/9/2021 |
Dividends paid1 |
Non-current assets |
Current assets |
Non-current liabilities |
Current liabilities |
Sales revenues |
Profit shares1 |
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METRO Cash & Carry Österreich GmbH |
Vösendorf, Österreich |
27.00 |
21 |
0 |
165 |
163 |
56 |
196 |
692 |
11 |
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- A complete list of group companies and associates is shown in no. 56 – Overview of the major fully consolidated group companies. In addition, a list of all group companies and associates is shown in no. 58 – Affiliated companies of the METRO AG group as of 30 September 2021 pursuant to § 313 of the German Commercial Code.