14. Depreciation/amortisation/impairment

Depreciation/amortisation/impairment of €997 million (9M 2012: €1,138 million; 12M 2012: €1,636 million) includes impairment losses totalling €157 million (9M 2012: €200 million; 12M 2012: €411 million). Impairments related to the divestment of Real’s Eastern European business contributed €39 million to this. Negative business developments at METRO Cash & Carry in Egypt and Kazakhstan required impairments of property, plant and equipment in the amount of €44 million. In addition, impairment losses comprise a decrease in the goodwill of METRO Cash & Carry Denmark totalling €16 million and METRO Cash & Carry Hungary totalling €15 million.

The attribution of depreciation/amortisation/impairment losses in the income statement and the affected asset categories is as follows:

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€ million

12M 2012

9M 2012

9M 2013

Cost of sales

17

13

15

thereof depreciation/amortisation

(17)

(13)

(15)

thereof impairment losses

(0)

(0)

(0)

Selling expenses

1,341

974

804

thereof depreciation/amortisation

(1,052)

(811)

(720)

thereof impairment losses

(289)

(162)

(84)

General administrative expenses

169

114

112

thereof depreciation/amortisation

(156)

(114)

(105)

thereof impairment losses

(13)

(0)

(7)

Other operating expenses

107

37

66

thereof impairment losses

(107)

(37)

(66)

Net financial result

1

0

0

thereof impairment losses

(1)

(0)

(0)

 

1,636

1,138

997

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€ million

12M 2012

9M 2012

9M 2013

1

Including investments accounted for using the equity method

Intangible assets

252

127

144

thereof amortisation

(164)

(122)

(107)

thereof impairment losses

(88)

(5)

(37)

Property, plant and equipment

1,197

829

802

thereof depreciation

(1,049)

(806)

(725)

thereof impairment losses

(149)

(23)

(77)

Investment properties

13

10

16

thereof depreciation

(13)

(10)

(8)

thereof impairment losses

(0)

(0)

(8)

Financial investments1

1

0

0

thereof impairment losses

(1)

(0)

(0)

Assets held for sale

172

172

34

thereof impairment losses

(172)

(172)

(34)

 

1,636

1,138

997

Of impairments, METRO Cash & Carry accounted for €39 million (9M 2012: €133 million; 12M 2012: €205 million), Media-Saturn for €16 million (9M 2012: €10 million; 12M 2012: €71 million), Real for €39 million (9M 2012: €1 million; 12M 2012: €46 million), the Real Estate segment for €59 million (9M 2012: €56 million; 12M 2012: €86 million) and other companies for €4 million (9M 2012: €1 million; 12M 2012: €2 million).