14. Depreciation/amortisation/impairment losses

Depreciation/amortisation/impairment losses of €1,283 million (12M 2012/13: €1,496 million; 9M 2013: €997 million) include impairment losses totalling €204 million (12M 2012/13: €367 million; 9M 2013: €157 million). Thereof, €88 million are attributable to the goodwill impairment losses related to METRO Cash & Carry Netherlands that were recognised in the second quarter of 2013/14 in light of negative business developments. The portfolio changes and selling space optimisations at METRO Cash & Carry required impairments of property, plant and equipment in the amount of €34 million. In addition, impairment losses include impairments of property, plant and equipment at Media-Saturn Russia in the amount of €30 million resulting, among other things, from measures undertaken to optimise the selling space of existing stores. Impairments related to the disposal of Real’s business operations in Turkey also contributed €14 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

9M 2013

12M 2012/13

12M 2013/14

Cost of sales

15

20

18

thereof depreciation/amortisation

(15)

(20)

(18)

thereof impairment losses

(0)

(0)

(0)

Selling expenses

804

1,172

1,062

thereof depreciation/amortisation

(720)

(961)

(948)

thereof impairment losses

(84)

(210)

(114)

General administrative expenses

112

167

114

thereof depreciation/amortisation

(105)

(147)

(113)

thereof impairment losses

(7)

(20)

(2)

Other operating expenses

66

136

88

thereof impairment losses

(66)

(136)

(88)

Financial result

0

1

0

thereof impairment losses

(0)

(1)

(0)

 

997

1,496

1,283

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€ million

9M 2013

12M 2012/13

12M 2013/14

1

Goodwill and other intangible assets were shown as intangible assets in the previous year

2

Including investments accounted for using the equity method

Goodwill1

31

101

88

thereof impairment losses

(31)

(101)

(88)

Other intangible assets1

113

168

131

thereof amortisation

(107)

(150)

(126)

thereof impairment losses

(5)

(19)

(4)

Property, plant and equipment

802

1,171

1,048

thereof depreciation

(725)

(968)

(943)

thereof impairment losses

(77)

(203)

(105)

Investment properties

16

20

16

thereof depreciation

(8)

(11)

(10)

thereof impairment losses

(8)

(9)

(6)

Financial investments2

0

1

0

thereof impairment losses

(0)

(1)

(0)

Assets held for sale

34

34

0

thereof impairment losses

(34)

(34)

(0)

 

997

1,496

1,283

Of impairment losses, METRO Cash & Carry accounted for €139 million (12M 2012/13: €162 million; 9M 2013: €83 million, revised presentation – see chapter Notes to the group accounting principles and methods), Media-Saturn for €38 million (12M 2012/13: €78 million; 9M 2013: €16 million), Real for €17 million (12M 2012/13: €88 million; 9M 2013: €39 million) and other companies for €10 million (12M 2012/13: €40 million; 9M 2013: €19 million, revised presentation – see chapter Notes to the group accounting principles and methods).