13. Depreciation/amortisation/impairment losses

Depreciation, amortisation and impairment losses totalling €1,636 million (previous year: €1,351 million) include impairment losses totalling €411 million (previous year: €105 million). Impairments related to the divestment of the cash & carry business in the United Kingdom contributed €172 million to this. In addition, impairment losses include goodwill impairments at METRO Cash & Carry Hungary totalling €50 million and at METRO Cash & Carry Greece totalling €20 million as well as impairments related to the decision to discontinue Media Markt’s operations in China totalling €36 million. Impairments related to the planned disposal of Real’s Eastern European business contributed €31 million to impairment losses. The attribution of depreciation/amorti­sation/impair­ment losses in the income statement and the affected asset categories is as follows:

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€ million

2011

2012

Selling expenses

1,171

1,341

thereof depreciation/amortisation

(1,069)

(1,052)

thereof impairment losses

(102)

(289)

General administrative expenses

167

169

thereof depreciation/amortisation

(165)

(156)

thereof impairment losses

(2)

(13)

Cost of sales

12

17

thereof depreciation/amortisation

(12)

(17)

thereof impairment losses

(0)

(0)

Other operating expenses

0

107

thereof impairment losses

(0)

(107)

Net financial result

1

1

thereof impairment losses

(1)

(1)

 

1,351

1,636

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€ million

2011

2012

1

Revised terminology (see chapter “Notes to the Group accounting principles and methods”)

2

Including investments accounted for using the equity method

Intangible assets

174

252

thereof depreciation/amortisation

(155)

(164)

thereof impairment losses

(19)

(88)

Tangible assets

1,159

1,197

thereof depreciation/amortisation

(1,078)

(1,049)

thereof impairment losses

(81)

(149)

Investment properties

17

13

thereof depreciation/amortisation

(13)

(13)

thereof impairment losses

(4)

(0)

Financial investments1, 2

1

1

thereof impairment losses

(1)

(1)

Assets held for sale

0

172

thereof impairment losses

(0)

(172)

 

1,351

1,636

METRO Cash & Carry accounts for €205 million (previous year: €10 million) of impairment losses, Real for €46 million (previous year: €12 million), Media-Saturn for €71 million (previous year: €23 million), the Real Estate segment for €86 million (previous year: €58 million) and other companies for €2 million (previous year: €2 million).