12 associates (30/9/2022: 12) and 8 joint ventures (30/9/2022: 8) are accounted for in the consolidated financial statements using the equity method. Due to the planned disposal, the shares in the associate WM Holding (HK) Limited are recognised and measured as assets held for sale.
Disclosures on the major investments accounted for using the equity method can be found in the following table.
Apart from Habib METRO Pakistan (closing date 30 June) and Košík Holding a.s. (closing date 31 March), all companies mentioned below have 31 December as the closing date. The companies are included in the consolidated financial statements of METRO AG with their latest available financial statements.
|
Habib METRO Pakistan |
OPCI FWP |
OPCI FWS |
EKS Handelsgesellschaft |
Miscellaneous |
|||||
|---|---|---|---|---|---|---|---|---|---|---|
€ million |
2021/22 |
2022/23 |
2021/22 |
2022/23 |
2021/22 |
2022/23 |
2021/22 |
2022/23 |
2021/22 |
2022/23 |
Disclosures on the income statement |
|
|
|
|
|
|
|
|
|
|
Sales revenues |
11 |
9 |
19 |
21 |
18 |
20 |
82 |
87 |
132 |
207 |
Tax profit for the period from continuing operations |
6 |
5 |
13 |
14 |
13 |
13 |
68 |
73 |
17 |
−15 |
Other comprehensive income |
– |
– |
– |
– |
– |
– |
– |
– |
0 |
0 |
Total comprehensive income |
6 |
5 |
13 |
14 |
13 |
13 |
68 |
73 |
17 |
−15 |
Dividend payments to the group |
1 |
0 |
1 |
1 |
4 |
4 |
5 |
6 |
2 |
2 |
Disclosures on the balance sheet |
|
|
|
|
|
|
|
|
|
|
Non-current assets |
28 |
18 |
257 |
257 |
248 |
248 |
– |
– |
– |
– |
Current assets |
23 |
18 |
10 |
10 |
5 |
5 |
80 |
77 |
– |
– |
Non-current liabilities |
5 |
3 |
97 |
97 |
93 |
93 |
– |
– |
– |
– |
Current liabilities |
3 |
2 |
0 |
0 |
0 |
0 |
12 |
4 |
– |
– |
Net assets |
44 |
30 |
170 |
170 |
160 |
161 |
69 |
73 |
– |
– |
Amount of the share |
40 |
40 |
5 |
5 |
25 |
25 |
15 |
15 |
– |
– |
Share of the group in the net assets |
18 |
12 |
9 |
9 |
40 |
40 |
5 |
6 |
– |
– |
Adjustment of asset values |
10 |
4 |
– |
– |
– |
– |
−1 |
−1 |
– |
– |
Carrying amount of the share in the group |
28 |
16 |
9 |
9 |
40 |
40 |
4 |
5 |
28 |
27 |
METRO’s representation on the supervisory board of OPCI FRENCH WHOLESALE PROPERTIES – FWP means that significant influence is maintained and equity accounting is appropriate, although the investment only amounts to 5%.
The investments accounted for using the equity method within the group are mainly associate and rental companies. The main purpose of the rental companies is to acquire, lease out and manage assets. The assets of these real estate companies are mainly leased by METRO companies.