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.

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.

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.

Overview of subsidiaries with significant non-controlling interests

€ million

 

 

 

 

 

 

 

 

 

 

30/9/2020

 

Non-controlling interests

 

 

 

 

 

 

 

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

METRO Cash & Carry Österreich GmbH

Vösendorf, Österreich

27.00

9

2

81

139

35

144

736

2

1

Attributable to non-controlling interests.

€ million

 

 

 

 

 

 

 

 

 

 

30/9/2021

 

Non-controlling interests

 

 

 

 

 

 

 

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

METRO Cash & Carry Österreich GmbH

Vösendorf, Österreich

27.00

21

0

165

163

56

196

692

11

1

Attributable to non-controlling interests.