Balance sheet profit of METRO AG and profit appropriation in accordance with German commercial law

METRO AG’s annual financial statements prepared under German commercial law serve as the basis for dividend distribution. The income statement and balance sheet of METRO AG prepared in accordance with the German Commercial Code (HGB) are as follows:

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Income statement for the financial year from 1 January to 31 December 2012 prepared under the German Commercial Code (HGB)

 

 

 

€ million

2011

2012

Investment result

956

783

Financial result

–125

–124

Other operating income

553

559

Personnel expenses

–137

–147

Depreciation/amortisation on intangible and tangible assets

–66

–54

Other operating expenses

–458

–483

Result from ordinary operations

723

534

Income taxes

–26

–34

Other taxes

1

–2

Net income

698

498

Profit carried forward from the previous year

14

21

Additions to reserves retained from earnings

–250

–170

Balance sheet profit

462

349

 

Balance sheet profit of METRO AG and profit appropriation

For the financial year 2012, METRO AG posted investment income of €783 million, compared with €956 million in the previous year.

In consideration of other income, expenses and taxes as well as the transfer of €170 million to revenue reserves, the Company reported a balance sheet profit of €349 million compared with €462 million in 2011.

The Management Board of METRO AG will propose to the Annual General Meeting that, from the reported balance sheet profit of €349 million, a dividend of €327 million be paid and that the balance be carried forward to the new account. The dividend proposed by the Management Board amounts to

  • €1.00 per ordinary share and
  • €1.06 per preference share.

Balance sheet as of 31 December 2012

 

 

 

Assets

 

 

 

€ million

31/12/2011

31/12/2012

Fixed assets

 

 

Intangible assets

84

41

Tangible assets

4

3

Financial assets

8,660

8,552

 

8,748

8,596

Current assets

 

 

Receivables and other assets

2,352

2,488

Cash on hand, bank deposits and cheques

914

2,088

 

3,266

4,576

Prepaid expenses and deferred charges

15

16

 

12,029

13,188

 

 

 

Equity and liabilities

 

 

 

€ million

31/12/2011

31/12/2012

Equity

 

 

Share capital

835

835

Ordinary shares

828

828

Preference shares

7

7

(Contingent capital)

(128)

(128)

Capital reserves

2,558

2,558

Reserves retained from earnings

1,977

2,146

Balance sheet profit

462

349

 

5,832

5,888

Provisions

374

375

Liabilities

5,815

6,918

Deferred income

8

7

 

12,029

13,188

 

  Download XLS (19 kB)

Special items

by sales line

 

 

 

 

 

 

 

€ million

2011
as reported

2012
as reported

2011
special items

2012
special items

2011
before special items

2012
before special items

EBITDA

3,429

3,014

222

279

3,651

3,292

thereof METRO Cash & Carry

1,297

1,131

111

67

1,408

1,198

Real

292

223

29

52

321

276

Media-Saturn

767

570

42

55

809

625

Galeria Kaufhof

193

240

26

0

219

240

Real Estate

1,008

1,039

–14

–4

994

1,035

Others

–97

–166

20

109

–77

–57

Consolidation

–31

–24

8

–1

–23

–25

EBIT

2,113

1,391

259

585

2,372

1,976

thereof METRO Cash & Carry

1,037

684

111

263

1,148

947

Real

94

25

40

77

134

102

Media-Saturn

493

235

49

91

542

326

Galeria Kaufhof

94

136

27

0

121

136

Real Estate

639

607

4

45

643

652

Others

–217

–278

20

109

–197

–168

Consolidation

–27

–19

8

–1

–19

–20

Net financial result

-640

–581

0

22

–640

–559

EBT

1,473

810

259

607

1,732

1,417

Income taxes

-732

–709

–21

9

–753

–700

Profit or loss for the period

741

101

238

615

979

717

Profit or loss for the period attributable to non-controlling interests

110

98

10

0

120

98

Profit or loss attributable to shareholders of METRO AG

631

3

228

615

859

619

Earnings per share in € (basic = diluted)

1.93

0.01

0.70

1.88

2.63

1.89

 

  Download XLS (18 kB)

Special items

by region

 

 

 

 

 

 

 

€ million

2011
as reported

2012
as reported

2011
special items

2012
special items

2011
before special items

2012
before special items

EBITDA

3,429

3,014

222

279

3,651

3,292

thereof Germany

1,021

938

117

195

1,138

1,133

Western Europe (excl. Germany)

1,162

938

51

–10

1,213

928

Eastern Europe

1,214

1,175

51

27

1,265

1,202

Asia/Africa

22

–41

3

66

25

25

International

2,398

2,072

105

83

2,503

2,155

Consolidation

10

4

0

0

10

4

EBIT

2,113

1,391

259

585

2,372

1,976

thereof Germany

373

320

131

202

504

522

Western Europe (excl. Germany)

903

480

53

163

956

642

Eastern Europe

855

731

72

118

927

849

Asia/Africa

–28

–144

3

102

–25

–42

International

1,730

1,067

128

382

1,858

1,450

Consolidation

10

4

0

0

10

4

Net financial result

–640

–581

0

22

–640

–559

EBT

1,473

810

259

607

1,732

1,417

Income taxes

–732

–709

–21

9

–753

–700

Profit or loss for the period

741

101

238

615

979

717

Profit or loss for the period attributable to non-controlling interests

110

98

10

0

120

98

Profit or loss attributable to shareholders of METRO AG

631

3

228

615

859

619

Earnings per share in € (basic = diluted)

1.93

0.01

0.70

1.88

2.63

1.89