Property, plant and equipment - METRO Annual Report 2022/23

Property, plant and equipment recognised at €5,091 million (30/9/2022: €5,735 million) includes own tangible assets in the amount of €3,029 million (30/9/2022: €3,608 million) and rights of use for leased property, plant and equipment in the amount of €2,063 million (30/9/2022: €2,126 million). The inventories and developments are each presented and explained separately below.

The development of own tangible assets is shown in the following table.

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€ million	Land and buildings	Other plant, business and office equipment	Assets under construction	Total
Acquisition or production costs
As of 1/10/2021	5,659	2,897	94	8,649
Currency translation	575	192	8	775
Additions to consolidation group	42	3	0	45
Additions	27	69	184	281
Disposals	−98	−287	−7	−393
Reclassification in accordance with IFRS 5	−179	−1	0	−179
Transfers	−128	101	−141	−168
As of 30/9/2022	5,899	2,974	137	9,010
Currency translation/hyperinflation	−684	−222	−15	−921
Additions to consolidation group	0	2	0	3
Additions	50	91	222	364
Disposals	−87	−194	−3	−284
Reclassification in accordance with IFRS 5	−107	−54	−11	−171
Transfers	118	108	−160	65
As of 30/9/2023	5,190	2,706	170	8,066
Depreciation/amortisation/impairment
As of 1/10/2021	2,931	2,163	10	5,104
Currency translation	267	133	3	403
Additions, scheduled	164	161	0	325
Additions, impairment	62	6	1	69
Disposals	−56	−260	0	−316
Reclassification in accordance with IFRS 5	−47	0	0	−48
Reversals of impairment losses	−2	0	0	−2
Transfers	−131	−2	−1	−134
As of 30/9/2022	3,188	2,200	13	5,402
Currency translation/hyperinflation	−297	−144	−4	−445
Additions, scheduled	158	155	0	312
Additions, impairment	74	4	0	78
Disposals	−83	−185	0	−267
Reclassification in accordance with IFRS 5	−28	−37	0	−65
Reversals of impairment losses	0	−2	0	−2
Transfers	22	2	0	24
As of 30/9/2023	3,034	1,994	9	5,037
Carrying amount as of 1/10/2021	2,728	734	84	3,545
Carrying amount as of 30/9/2022	2,711	774	124	3,608
Carrying amount as of 30/9/2023	2,156	711	161	3,029

The decrease in owned property, plant and equipment in the amount of €580 million results mainly from currency translation caused by the exchange rate development of the Russian rouble.

As in the previous year, there were no restrictions on titles in the form of liens and encumbrances for items of property, plant and equipment.

Contractual commitments were recorded for items of property, plant and equipment in the amount of €46 million (30/9/2022: €50 million).

The development of right-of-use assets of leased property, plant and equipment is shown in the following table.

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€ million	Land and buildings	Vehicles	Others	Total
Net carrying amount
As of 1/10/2021	1,988	101	28	2,117
Additions	286	57	15	359
Depreciation	−248	−49	−11	−309
Impairment	−7	0	0	−7
Reclassifications and net change in consolidation group	−21	−1	0	−22
Disposals, currency translation/hyperinflation and reversals of impairment losses	−6	−5	−1	−12
As of 30/9/2022	1,992	103	31	2,126
Additions	354	87	31	471
Depreciation	−267	−59	−12	−338
Impairment	−10	0	0	−10
Reclassifications and net change in consolidation group	−105	0	1	−104
Disposals, currency translation/hyperinflation and reversals of impairment losses	−79	−4	−1	−83
As of 30/9/2023	1,884	128	50	2,063

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18. Property, plant and equipment