22. Financial investments and investments accounted for using the equity method

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€ million

Loans

Investments

Securities

Total

1

Disposals and transfers to IFRS 5 were shown as disposals in the previous year

Acquisition or production costs

 

 

 

 

As of 1/10/2012

71

194

1

266

Currency translation

0

−4

0

−4

Additions to consolidation group

0

0

0

0

Additions

8

9

0

17

Disposals1

−1

0

0

−1

Reclassifications under IFRS 51

0

0

0

0

Transfers

−18

1

1

−16

As of 31/12/2012 / 1/1/2013

60

200

2

261

Currency translation

−1

−4

0

−5

Additions to consolidation group

0

0

0

0

Additions

13

71

0

84

Disposals1

−6

0

0

−7

Reclassifications under IFRS 51

0

0

0

0

Transfers

0

0

0

0

As of 30/9 / 1/10/2013

65

267

2

333

Currency translation

0

15

0

16

Additions to consolidation group

0

0

0

0

Additions

6

5

0

11

Disposals1

−19

−269

0

−288

Reclassifications under IFRS 51

0

0

0

0

Transfers

−1

1

0

0

As of 30/9/2014

51

19

2

72

Impairment losses

 

 

 

 

As of 1/10/2012

13

1

0

14

Currency translation

0

0

0

0

Additions, scheduled

0

0

0

0

Additions, non-scheduled

0

0

0

0

Disposals1

0

0

0

0

Reclassifications under IFRS 51

0

0

0

0

Reversals of impairment losses

0

0

0

0

Transfers

0

0

0

0

As of 31/12/2012 / 1/1/2013

13

1

0

14

Currency translation

0

0

0

0

Additions, scheduled

0

0

0

0

Additions, non-scheduled

0

0

0

0

Disposals1

0

0

0

0

Reclassifications under IFRS 51

0

0

0

0

Reversals of impairment losses

0

0

0

0

Transfers

−1

0

0

−1

As of 30/9 / 1/10/2013

13

1

0

14

Currency translation

0

0

0

0

Additions, scheduled

0

0

0

0

Additions, non-scheduled

0

0

0

0

Disposals1

−13

0

0

−13

Reclassifications under IFRS 51

0

0

0

0

Reversals of impairment losses

0

0

0

0

Transfers

0

0

0

0

As of 30/9/2014

0

1

0

1

Carrying amount at 1/10/2012

58

193

1

252

Carrying amount at 31/12/2012

47

199

2

247

Carrying amount at 30/9/2013

52

266

2

319

Carrying amount at 30/9/2014

51

18

2

71

Of the disposals of investments amounting to €269 million, €246 million concern the sale of a 9 per cent stake in Booker Group PLC. These shares were gained as part of the agreement regarding the sale of METRO GROUP's wholesale business in the United Kingdom.

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€ million

Investments accounted for using the equity method

1

Disposals and transfers to IFRS 5 were shown as disposals in the previous year

Acquisition or production costs

 

As of 1/10/2012

57

Currency translation

0

Additions to consolidation group

0

Additions

35

Disposals1

0

Reclassifications under IFRS 51

0

Transfers

0

As of 31/12/2012 / 1/1/2013

92

Currency translation

0

Additions to consolidation group

0

Additions

44

Disposals1

−4

Reclassifications under IFRS 51

0

Transfers

0

As of 30/9 / 1/10/2013

132

Currency translation

0

Additions to consolidation group

0

Additions

2

Disposals1

−39

Reclassifications under IFRS 51

0

Transfers

0

As of 30/9/2014

95

Impairment losses

 

As of 1/10/2012

0

Currency translation

0

Additions, scheduled

0

Additions, non-scheduled

1

Disposals1

0

Reclassifications under IFRS 51

0

Reversals of impairment losses

−1

Transfers

0

As of 31/12/2012 / 1/1/2013

0

Currency translation

0

Additions, scheduled

0

Additions, non-scheduled

0

Disposals1

0

Reclassifications under IFRS 51

0

Reversals of impairment losses

0

Transfers

0

As of 30/9 / 1/10/2013

0

Currency translation

0

Additions, scheduled

0

Additions, non-scheduled

0

Disposals1

0

Reclassifications under IFRS 51

0

Reversals of impairment losses

0

Transfers

0

As of 30/9/2014

0

Carrying amount at 01/10/2012

57

Carrying amount at 31/12/2012

92

Carrying amount at 30/9/2013

132

Carrying amount at 30/9/2014

95

The following table gives a summary of the financial information related to the main investments accounted for using the equity method:

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Closing date

Share
in %

Total assets
€ million

Total liabilities
€ million

Net assets
€ million

Profit or loss
€ million

Group’s share of net assets
€ million

Carrying amounts
€ million

Group’s share of profit
€ million

Habib METRO Pakistan (Pvt) Ltd (associated company)

30/6/2014

40.00

67

3

64

4

26

45

2

OPCI FRENCH WHOLESALE PROPERTIES – FWP (associated company)

30/9/2014

4.99

265

107

158

11

8

8

2

OPCI FRENCH WHOLESALE STORES – FWS (associated company)

30/9/2014

25.00

256

105

151

11

38

39

3

The share of the company OPCI FRENCH WHOLESALE PROPERTIES – FWP was reduced by 25.74 per cent to 4.99 per cent in financial year 2013/14. METRO GROUP’s representation on the supervisory board of OPCI FRENCH WHOLESALE PROPERTIES – FWP ensures that significant influence will be maintained and accounted for according to the equity method.