Property, plant and equipment - METRO Annual Report 2023/24

Property, plant and equipment recognised at €5,364 million (30/9/2023: €5,091 million) includes own tangible assets in the amount of €3,092 million (30/9/2023: €3,029 million) and rights of use for leased property, plant and equipment in the amount of €2,271 million (30/9/2023: €2,063 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 1/10/2022	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 / 1/10/2023	5,190	2,706	170	8,066
Currency translation/hyperinflation	9	7	−1	15
Additions to consolidation group	7	2	0	9
Additions	69	107	209	385
Disposals	−51	−92	−3	−147
Reclassification in accordance with IFRS 5	0	0	0	0
Transfers	73	167	−230	9
As of 30/9/2024	5,295	2,897	145	8,337
Depreciation/amortisation/impairment
As of 1/10/2022	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 / 1/10/2023	3,034	1,994	9	5,037
Currency translation/hyperinflation	1	7	0	8
Additions, scheduled	160	159	1	320
Additions, impairment	13	6	2	21
Disposals	−47	−87	−1	−135
Reclassification in accordance with IFRS 5	0	0	0	0
Reversals of impairment losses	−14	0	0	−14
Transfers	−16	24	0	8
As of 30/9/2024	3,132	2,103	11	5,245
Carrying amount as of 1/10/2022	2,711	774	124	3,608
Carrying amount as of 30/9/2023	2,156	711	161	3,029
Carrying amount as of 30/9/2024	2,164	794	134	3,092

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 €55 million (30/9/2023: €46 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 1/10/2022	1,992	103	31	2,126
Additions	354	87	31	471
Depreciation/amortisation/impairment	−267	−59	−12	−338
Additions, 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 / 1/10/2023	1,884	128	50	2,063
Additions	456	113	38	607
Depreciation/amortisation/impairment	−279	−72	−14	−365
Additions, impairment	−6	0	0	−6
Reclassifications and net change in consolidation group	−3	6	−3	0
Disposals, currency translation/ hyperinflation and reversals of impairment losses	−16	−4	−6	−27
As of 30/9/2024	2,036	170	66	2,271

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