Consolidation group

Besides METRO AG, the consolidated financial statements include all subsidiaries in which METRO AG has indirect or direct control insofar as these companies individually and as a group are not insignificant for the consolidated financial statements. Control exists if there is a possibility to control a company’s financial and business policy through a majority of voting rights or according to the articles of association, company contract or contractual agreement in order to benefit from this company’s business activities.

METRO GROUP’s operational business is handled by the following three sales lines:

  • METRO Cash & Carry
  • Media-Saturn
  • Real

Significant non-controlling interests exist only in the sales line Media-Saturn. For an overview of significant non-controlling interests, see no. 32.

Besides METRO AG, 625 German (30/9/2014: 723) and 633 international (30/9/2014: 613) companies are recognised in the consolidated financial statements.

The group of consolidated companies changed as follows in financial year 2014/15:

 Download XLS (21KB)

As of 1/10/2014

1,337

Changes in financial year 2014/15

 

Companies merged with other consolidated subsidiaries

13

Disposal of shares

81

Other disposals

33

Newly founded companies

17

Acquisitions

32

As of 30/9/2015

1,259

The deconsolidated companies are treated as group companies until the disposal date.

The disposals of shares primarily relate to companies of the Galeria Kaufhof group (77 companies). Mergers with other group companies mainly comprise 10 companies of the sales line Media-Saturn.

The other disposals comprise:

  • liquidations (12 companies)
  • accretion (7 companies)
  • changes in the method of consolidation (14 companies)

Additions from newly founded companies pertain primarily to the sales line Media-Saturn (9 companies). Acquisitions primarily relate to the acquisition of the Classic Fine Foods group by the sales line METRO Cash & Carry (29 companies).

Effects from changes in the consolidation group that are of special significance are explained separately in the respective items.

Structured entities

Structured entities within METRO GROUP concern leasing companies. The key purpose of the leasing companies is to acquire, lease out and manage assets. As of the closing date, 11 (30/9/2014: 13) structured entities were fully consolidated. METRO GROUP did not have any relationships with unconsolidated structured entities during financial year 2014/15.

Investments accounted for using the equity method

25 associates (30/9/2014: 7) and 4 joint ventures (30/9/2014: 7) are recognised in the consolidated financial statements according to the equity method.

Another 4 companies (30/9/2014: 7), in which METRO AG indirectly or directly holds between 20 and 50 per cent of the voting rights, were valued at cost because they did not qualify as associates or because materiality considerations made the use of the equity method unnecessary.

The figures represent all operating units owned by the respective subsidiary.

Overview of major subsidiaries with non-controlling interests

 Download XLS (24KB)

30/9/2014

 

Non-controlling interests

 

 

 

Name

Head office

in %

As of 30/9/2014

Dividends paid

Financial assets (non-current)

Financial assets (current)

Non-current liabilities

Current liabilities

Sales

METRO Cash & Carry

 

 

 

 

 

 

 

 

 

METRO Jinjiang Cash & Carry Co., Ltd.

Shanghai, China

10.00

−4

0

190

665

4

797

2,244

METRO CASH & CARRY ROMANIA SRL

Bucharest, Romania

15.00

0

−4

81

310

44

150

909

Media-Saturn

 

 

 

 

 

 

 

 

 

Media-Saturn-Holding GmbH

Ingolstadt, Germany

21.62

−11

−172

1,404

2,588

70

2,742

9,514

Mediamarket S. p. A. con Socio Unico

Curno, Italy

21.62

−12

−34

124

403

33

460

2,118

MEDIA MARKT SATURN, S.A. UNIPERSONAL

El Prat de Llobregat, Spain

21.62

−21

−48

94

501

5

516

1,554

Media Markt Saturn Holding Nederland B. V.

Rotterdam, Netherlands

21.62

7

−25

103

243

17

353

1,343

Media-Saturn Beteiligungsges.m.b.H.

Vösendorf, Austria

21.62

−32

0

50

382

21

353

1,087

OOO Media-Markt-Saturn

Moscow, Russia

21.62

−8

0

152

267

25

271

930

Media Saturn Holding Polska Sp. z o.o.

Warsaw, Poland

21.62

−9

−24

57

215

11

251

902

Other companies

 

 

 

 

 

 

 

 

 

METRO PROPERTIES GmbH & Co. KG

Düsseldorf, Germany

0.49

0

0.00

196

1,696

18

1,720

0

 Download XLS (24KB)

30/9/2015

 

Non-controlling interests

 

 

 

Name

Head office

in %

As of 30/9/2015

Dividends paid

Financial assets (non-current)

Financial assets (current)

Non-current liabilities

Current liabilities

Sales

METRO Cash & Carry

 

 

 

 

 

 

 

 

 

METRO Jinjiang Cash & Carry Co., Ltd.

Shanghai, China

10.00

−4

0

253

744

3

883

2,632

METRO CASH & CARRY ROMANIA SRL

Bucharest, Romania

15.00

0

0

81

335

44

172

892

Media-Saturn

 

 

 

 

 

 

 

 

 

Media-Saturn-Holding GmbH

Ingolstadt, Germany

21.62

2

−109

1,313

2,688

110

2,819

9,780

Mediamarket S. p. A. con Socio Unico

Curno, Italy

21.62

−11

0

11

413

29

467

2,168

MEDIA MARKT SATURN, S.A. UNIPERSONAL

El Prat de Llobregat, Spain

21.62

−29

−33

102

602

6

619

1,784

Media Markt Saturn Holding Nederland B. V.

Rotterdam, Netherlands

21.62

3

−13

104

291

17

402

1,485

Media-Saturn Beteiligungsges.m.b.H.

Vösendorf, Austria

21.62

−37

−35

41

373

22

340

1,124

OOO Media-Markt-Saturn

Moscow, Russia

21.62

−1

0

104

186

21

271

761

Media Saturn Holding Polska Sp. z o.o.

Warsaw, Poland

21.62

−12

−22

55

227

11

265

977

Other companies

 

 

 

 

 

 

 

 

 

METRO PROPERTIES GmbH & Co. KG

Düsseldorf, Germany

0.49

0

0

196

1,725

17

1,759

0

A complete list of group companies and associates is shown in no. 55 – overview of the major fully consolidated group companies. In addition, a complete list of all group companies and associates is shown in no. 57 – affiliated companies of the group METRO AG as of 30  September 2015 pursuant to § 313 of the German Commercial Code.