As of 30 September 2023, the METRO balance sheet reports equity in the amount of €2.0 billion (30/9/2022: €2.4 billion).
Equity decreased mainly due to the development of currency translation differences in the amount of €−768 million, to which the development of the Russian rouble’s value contributed significantly. The profit or loss for the period had an opposite positive effect of €439 million on equity.
The equity ratio stands at 17.4% (30/9/2022: 18.4%).
- For more information about our equity, see the notes to the consolidated financial statements in no. 27 – equity.
Net debt developed as follows:
€ million |
30/9/2022 |
30/9/2023 |
||
|---|---|---|---|---|
Cash and cash equivalents |
825 |
591 |
||
Current financial investments1 |
19 |
21 |
||
Financial liabilities (including liabilities from leases) |
4,124 |
3,663 |
||
Net debt |
3,281 |
3,051 |
||
|
||||
- For more information about the maturity, currency and interest rate structure of financial liabilities as well as the credit facilities, see the notes to the consolidated financial statements in no. 32 – financial liabilities (excluding liabilities from leases) as well as no. 37 – notes to the cash flow statement.
Financial liabilities decreased since some of were paid back and on account of the sale of METRO India. Trade liabilities decreased by €0.2 billion, primarily for currency-related reasons.
Compared to 30 September 2022, the debt ratio increased from 81.6% by 1.0 percentage points to 82.6%.
€ million |
Note no. |
30/9/2022 |
30/9/2023 |
|---|---|---|---|
Non-current liabilities |
|
3,813 |
3,526 |
Provisions for post-employment benefits plans and similar obligations |
360 |
351 |
|
Other provisions |
163 |
166 |
|
Financial liabilities |
3,065 |
2,838 |
|
Other financial and other non-financial liabilities |
71 |
80 |
|
Deferred tax liabilities |
153 |
90 |
|
Current liabilities |
|
6,677 |
6,100 |
Trade liabilities |
3,855 |
3,667 |
|
Provisions |
316 |
305 |
|
Financial liabilities |
1,059 |
825 |
|
Other financial and other non-financial liabilities |
1,180 |
1,098 |
|
Income tax liabilities |
267 |
205 |
- For more information about the development of liabilities, see the notes to the consolidated financial statements in the numbers listed in the table. Information about contingent liabilities and other financial liabilities can be found in the notes to the consolidated financial statements in no. 40 – contingent liabilities and no. 41 – other financial commitments.