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

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€ million

Loans

Investments

Securities

Total

Acquisition or production costs

 

 

 

 

As of 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

Disposals

−19

−269

0

−288

Reclassifications under IFRS 5

0

0

0

0

Transfers

−1

1

0

0

As of 30/9 / 1/10/2014

51

19

2

72

Currency translation

−1

0

0

−1

Additions to consolidation group

0

0

0

0

Additions

4

32

0

37

Disposals

−4

−9

0

−13

Reclassifications under IFRS 5

0

0

0

0

Transfers

−5

42

0

37

As of 30/9/2015

46

84

2

133

Depreciation/amortisation/impairment losses

 

 

 

 

As of 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

Disposals

−13

0

0

−13

Reclassifications under IFRS 5

0

0

0

0

Reversals of impairment losses

0

0

0

0

Transfers

0

0

0

0

As of 30/9 / 1/10/2014

0

1

0

1

Currency translation

0

0

0

0

Additions, scheduled

0

0

0

0

Additions, non-scheduled

0

1

0

1

Disposals

0

0

0

0

Reclassifications under IFRS 5

0

0

0

0

Reversals of impairment losses

0

0

0

0

Transfers

0

14

0

14

As of 30/9/2015

0

16

0

16

Carrying amount at 1/10/2013

52

266

2

319

Carrying amount at 30/9/2014

51

18

2

71

Carrying amount at 30/9/2015

46

69

2

117

METRO GROUP sold 60 per cent of the shares in 10 companies of the Mayfair Group as part of a joint venture. The remaining 40 per cent are shown as an addition to investments accounted for using the equity method in the amount of €83 million.

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€ million

Investments accounted for using the equity method

Acquisition or production costs

 

As of 1/10/2013

132

Currency translation

0

Additions to consolidation group

0

Additions

2

Disposals

−39

Reclassifications under IFRS 5

0

Transfers

0

As of 30/9 / 1/10/2014

95

Currency translation

0

Additions to consolidation group

0

Additions

86

Disposals

0

Reclassifications under IFRS 5

0

Transfers

10

As of 30/9/2015

191

Depreciation/amortisation/impairment losses

 

As of 1/10/2013

0

Currency translation

0

Additions, scheduled

0

Additions, non-scheduled

0

Disposals

0

Reclassifications under IFRS 5

0

Reversals of impairment losses

0

Transfers

0

As of 30/9 / 1/10/2014

0

Currency translation

0

Additions, scheduled

0

Additions, non-scheduled

8

Disposals

0

Reclassifications under IFRS 5

0

Reversals of impairment losses

0

Transfers

0

As of 30/9/2015

7

Carrying amount at 1/10/2013

132

Carrying amount at 30/9/2014

95

Carrying amount at 30/9/2015

184

Details on major investments accounted for using the equity method are listed in the following table.

With the exception of Habib Metro Pakistan (closing date 30/6), the closing date for all other companies listed here is 31/12.

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Habib Metro Pakistan

OPCI FWP

OPCI FWS

Mayfair group1

Others

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

€ million

2013/14

2014/15

2013/14

2014/15

2013/14

2014/15

2013/14

2014/15

2013/14

2014/15

2013/14

2014/15

1

The Mayfair Group comprises ten real estate companies

Size of investment (in %)

40

40

4.99

4.99

25

25

n/a

40

Market capitalisation

n/a

Carrying amount

45

47

8

9

39

39

n/a

83

3

6

95

184

Notes to the income statement

 

 

 

 

 

 

 

 

 

 

 

 

Sales

10

12

23

23

22

22

n/a

0

3

21

58

78

Earnings after taxes from continuing operations

4

6

11

16

11

15

n/a

12

2

0

28

49

Earnings after taxes from discontinued operations

0

0

0

0

0

0

n/a

0

0

0

0

0

Other comprehensive income

0

0

0

0

0

0

n/a

0

0

0

0

0

Total comprehensive income

4

6

11

16

11

15

n/a

12

2

0

28

49

Dividend payments to the group

1

1

3

0

3

4

n/a

0

0

1

7

2

Notes to the balance sheet

 

 

 

 

 

 

 

 

 

 

 

 

Non-current assets

58

61

261

261

251

251

n/a

189

0

155

570

917

Current assets

9

14

4

2

5

6

n/a

4

4

34

22

60

Non-current liabilities

2

3

108

102

105

101

n/a

0

0

162

215

368

Current liabilities

1

1

0

1

0

1

n/a

0

1

21

2

24

METRO GROUP’s representation on the supervisory board of OPCI FRENCH WHOLESALE PROPERTIES – FWP ensures that significant influence will be maintained and that the holding will be accounted for using the equity method although the share only amounts to 4.99 per cent.