Depreciation/amortisation/impairment losses of €977 million (2020/21: €969 million) include impairment losses totalling €156 million (2020/21: €172 million).
The impairments are mainly related to the reduced sales and earnings expectations due to the war in Ukraine and the sanctions imposed on Russia. Impairments of €72 million relate to the segment East, primarily concerning Ukraine. This includes the impairment of the goodwill of METRO Ukraine in the amount of €17 million. Furthermore, impairment losses of €59 million were recognised in Russia. Of this amount, €38 million relates to the goodwill of METRO Russia. Further impairment losses of €13 million were recognised in Germany, €7 million in the segment West and €6 million in the segment Others.
The attribution of depreciation/amortisation/impairment losses in the income statement and the affected asset categories is as follows:
€ million |
Goodwill |
Other intangible assets |
Property, plant and equipment |
Right-of-use asset |
Investment properties |
Financial assets |
Total |
|---|---|---|---|---|---|---|---|
Cost of sales |
0 |
2 |
24 |
52 |
0 |
0 |
78 |
thereof depreciation/amortisation |
(0) |
(2) |
(24) |
(51) |
(0) |
(0) |
(76) |
thereof impairment |
(0) |
(0) |
(0) |
(1) |
(0) |
(0) |
(2) |
Selling expenses |
0 |
36 |
340 |
232 |
30 |
0 |
639 |
thereof depreciation/amortisation |
(0) |
(36) |
(288) |
(221) |
(29) |
(0) |
(574) |
thereof impairment |
(0) |
(0) |
(52) |
(11) |
(1) |
(0) |
(65) |
General administrative expenses |
0 |
116 |
14 |
26 |
1 |
0 |
157 |
thereof depreciation/amortisation |
(0) |
(107) |
(14) |
(26) |
(1) |
(0) |
(148) |
thereof impairment |
(0) |
(9) |
(0) |
(0) |
(0) |
(0) |
(10) |
Other operating expenses |
95 |
0 |
0 |
0 |
0 |
0 |
95 |
thereof impairment |
(95) |
(0) |
(0) |
(0) |
(0) |
(0) |
(95) |
Scheduled depreciation/amortisation/ impairment losses before impairment of financial investments |
95 |
154 |
379 |
310 |
31 |
0 |
969 |
thereof depreciation/amortisation |
(0) |
(145) |
(325) |
(297) |
(30) |
(0) |
(798) |
thereof impairment |
(95) |
(9) |
(53) |
(13) |
(2) |
(0) |
(171) |
Net financial result (impairments) |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
€ million |
Goodwill |
Others intangible assets |
Property, plant and equipment |
Right-of-use asset |
Investment properties |
Financial assets |
Total |
|---|---|---|---|---|---|---|---|
Cost of sales |
0 |
3 |
23 |
52 |
0 |
0 |
78 |
thereof depreciation/amortisation |
(0) |
(3) |
(23) |
(52) |
(0) |
(0) |
(78) |
thereof impairment |
(0) |
(0) |
(0) |
(0) |
(0) |
(0) |
(0) |
Selling expenses |
0 |
50 |
355 |
234 |
35 |
0 |
674 |
thereof depreciation/amortisation |
(0) |
(41) |
(286) |
(228) |
(30) |
(0) |
(584) |
thereof impairment |
(0) |
(9) |
(69) |
(7) |
(5) |
(0) |
(90) |
General administrative expenses |
0 |
124 |
16 |
29 |
1 |
0 |
170 |
thereof depreciation/amortisation |
(0) |
(113) |
(16) |
(29) |
(1) |
(0) |
(159) |
thereof impairment |
(0) |
(11) |
(0) |
(0) |
(0) |
(0) |
(11) |
Other operating expenses |
55 |
0 |
0 |
0 |
0 |
0 |
55 |
thereof impairment |
(55) |
(0) |
(0) |
(0) |
(0) |
(0) |
(55) |
Scheduled depreciation/amortisation/ impairment losses before Impairment of financial investments |
55 |
177 |
394 |
315 |
35 |
0 |
977 |
thereof depreciation/amortisation |
(0) |
(157) |
(325) |
(309) |
(30) |
(0) |
(821) |
thereof impairment |
(55) |
(20) |
(69) |
(7) |
(5) |
(0) |
(156) |
Net financial result (impairments) |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
- Detailed explanations on the impairment test of goodwill can be found in no. 19 – goodwill.