Deferred taxes relate to the following balance sheet items:
|
30/9/2023 |
30/9/2024 |
Change through profit or loss – previous year |
Change through profit or loss – current year |
||||
|---|---|---|---|---|---|---|---|---|
€ million |
Assets |
Liabilities |
Assets |
Liabilities |
Assets |
Liabilities |
Assets |
Liabilities |
Goodwill |
13 |
0 |
9 |
0 |
−5 |
0 |
−4 |
0 |
Other intangible assets |
13 |
148 |
15 |
151 |
2 |
1 |
2 |
0 |
Property, plant and equipment and investment properties |
91 |
643 |
139 |
682 |
3 |
−11 |
51 |
39 |
Financial assets and investments accounted for using the equity method |
4 |
5 |
5 |
6 |
0 |
1 |
1 |
1 |
Inventories |
22 |
2 |
25 |
4 |
−6 |
2 |
3 |
2 |
Other financial and non-financial assets |
61 |
58 |
64 |
33 |
5 |
−17 |
4 |
−20 |
Assets held for sale |
0 |
6 |
0 |
0 |
−3 |
5 |
0 |
−4 |
Provisions for post-employment benefits plans and similar obligations |
64 |
57 |
79 |
59 |
0 |
1 |
0 |
2 |
Other provisions |
53 |
14 |
55 |
15 |
3 |
3 |
4 |
1 |
Financial liabilities |
682 |
1 |
675 |
2 |
−11 |
−1 |
−6 |
1 |
Other financial and non-financial liabilities |
55 |
20 |
68 |
19 |
−102 |
−7 |
16 |
0 |
Liabilities related to assets held for sale |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Outside basis differences |
0 |
4 |
0 |
4 |
−58 |
−23 |
0 |
0 |
Hyperinflation |
0 |
33 |
0 |
34 |
0 |
2 |
0 |
−6 |
Write-downs of temporary differences |
−42 |
0 |
−56 |
0 |
54 |
0 |
−16 |
0 |
Loss carry-forwards |
38 |
0 |
23 |
0 |
−7 |
0 |
−16 |
0 |
Carrying amount of deferred taxes before offsetting |
1,053 |
992 |
1,101 |
1,009 |
−126 |
−43 |
41 |
15 |
Offsetting |
−902 |
−902 |
−924 |
−924 |
126 |
126 |
−41 |
−41 |
Carrying amount of deferred taxes |
151 |
90 |
176 |
85 |
0 |
82 |
0 |
−26 |
The reported balance of deferred tax assets and liabilities in the amount of €91 million (30/9/2023: €61 million) is largely attributable to temporary differences at various foreign subsidiaries. Based on business planning, realisation of these tax assets is to be considered sufficiently likely.
The sum of the amount of temporary differences in connection with investments in subsidiaries for which no deferred tax liabilities were recognised was not determined as this would have entailed a disproportionately high effort due to the level of detail of the METRO group.
No deferred tax assets were capitalised for the following tax loss carry-forwards and interest carry-forwards or temporary differences because realisation of the assets in the short to medium term is not expected:
€ million |
30/9/2023 |
30/9/2024 |
|---|---|---|
Corporate tax losses |
4,447 |
4,709 |
Trade tax losses |
4,026 |
4,166 |
Interest carry-forwards |
137 |
217 |
Temporary differences |
197 |
242 |
The trade tax loss carry-forwards for which no deferred tax assets were recognised relate to German companies and can be carried forward without limitations.
€ million |
30/9/2023 |
30/9/2024 |
|---|---|---|
Tax loss carry-forwards, corporate tax |
4,447 |
4,709 |
Up to 1 year |
72 |
71 |
1 to 5 years |
168 |
180 |
Over 5 years |
87 |
84 |
Can be carried forward without limitation |
4,120 |
4,373 |
|
2022/23 |
2023/24 |
||||
|---|---|---|---|---|---|---|
€ million |
Before taxes |
Taxes |
After taxes |
Before taxes |
Taxes |
After taxes |
Currency differences from translating the financial statements of foreign operations |
−768 |
0 |
−768 |
14 |
0 |
14 |
thereof currency translation differences from net investments in foreign operations |
(−22) |
(0) |
(−22) |
(−34) |
(0) |
(−34) |
Effective portion of gains/losses from cash flow hedges |
−1 |
0 |
−1 |
−4 |
1 |
−4 |
Effects from the fair value measurements of equity instruments |
1 |
0 |
1 |
0 |
0 |
0 |
Remeasurement of defined benefit pension plans |
−9 |
2 |
−7 |
−59 |
17 |
−42 |
|
−777 |
2 |
−775 |
−40 |
18 |
−22 |
Deferred taxes on components of other comprehensive income primarily apply to the remeasurement of defined benefit pension plans. The other components are not tax-effective.