Asset position - METRO Annual Report 2022/23

In financial year 2022/23, METRO’s total assets declined by €1.2 billion to €11.6 billion (30/9/2022: €12.9 billion).

The increase in goodwill and other intangible assets primarily results from the acquisition of Johan i Hallen & Bergfalk.

In particular the exchange rate development of the Russian rouble and the disposal of METRO India contributed to the decline of €0.6 billion in property, plant and equipment. Inventories were also substantially impacted by the exchange rate development of the rouble. Cash and cash equivalents decreased by €0.2 billion in a closing date comparison as part of the repayment of bonds.

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€ million	Note no.	30/9/2022	30/9/2023
Non-current assets		7,722	6,929
Goodwill	17	647	712
Other intangible assets	17	572	623
Property, plant and equipment	18	5,735	5,091
Investment properties	19	172	106
Financial assets		84	71
Investments accounted for using the equity method		108	97
Other financial and other non-financial assets	20	117	78
Deferred tax assets	21	287	151

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€ million	Note no.	30/9/2022	30/9/2023
Current assets		5,132	4,718
Inventories	22	2,455	2,242
Trade receivables	23	601	674
Financial assets		3	1
Other financial and other non-financial assets	20	928	938
Income tax assets		102	92
Cash and cash equivalents	25	825	591
Assets held for sale	26	219	180

For more information about the development of non-current and current assets, see the notes to the consolidated financial statements in the numbers listed in the table.