25. Inventories

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€ million

31/12/2011

31/12/2012

Food merchandise

2,292

1,972

Nonfood merchandise

5,316

4,854

 

7,608

6,826

Inventories can be broken down by sales division as follows:

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€ million

31/12/2011

31/12/2012

METRO Cash & Carry

2,713

2,373

Real

993

682

Media-Saturn

3,088

2,997

Galeria Kaufhof

469

472

Others

345

302

 

7,608

6,826

Inventories of METRO GROUP declined by €782 million in the financial year 2012.

The METRO Cash & Carry sales division accounts for €340 million of this total. Key reasons are the sale of the cash & carry business in the United Kingdom in the financial year 2012 as well as inventory optimising measures in various countries.

The Real sales division contributed €311million to the decline in inventories. This is due mostly to the planned divestment of Real’s Eastern European business. As of the balance sheet date 31 December 2012, an amount of €293million was reclassified from inventories to the balance sheet item “assets held for sale”.

Inventories include write-downs of €283 million (previous year: €318 million).