47. Change in accounting method (inventories)
In June 2021 the IFRS Interpretations Committee decided that when calculating the net realisable value of inventories, the estimated necessary reselling expenses should not be restricted just to incremental costs. The amendment to the accounting method used by METRO pursuant to IAS 8 due to this decision has led to retrospective amendments to various items. Specifically, the following amendments were carried out:
€ million |
1/10/2019 as reported |
Amendments to IAS 2 |
1/10/2019 |
|---|---|---|---|
Deferred tax assets |
284 |
6 |
291 |
Inventories |
1,946 |
−29 |
1,917 |
Equity/reserves retained from earnings |
−4,167 |
−22 |
−4,189 |
€ million |
30/9/2020 as reported |
Amendments to IAS 2 |
30/9/2020 |
|---|---|---|---|
Deferred tax assets |
252 |
6 |
258 |
Inventories |
1,888 |
−29 |
1,860 |
Equity/reserves retained from earnings |
−3,358 |
−22 |
−3,380 |
Due to the fundamental stability of inventories there were no amendments either in the income statement or on the earnings per share in financial year 2019/20.