15. Depreciation/amortisation/impairment losses

Depreciation/amortisation/impairment losses of €1,489 million (2013/14: €1,162 million) include impairment losses totalling €566 million (2013/14: €203 million). At €457 million, these essentially stem from goodwill impairment losses at Real Germany (€446 million) and the full recognition of goodwill impairment losses of METRO Cash & Carry Pakistan and METRO Cash & Carry Japan in light of negative business developments. The attribution of deprecition/amortisation/impairment losses in the income statement and the affected asset categories is as follows:

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€ million

2013/14

2014/15

Cost of sales

17

19

thereof depreciation/amortisation

(17)

(19)

thereof impairment losses

(0)

(0)

Selling expenses

951

905

thereof depreciation/amortisation

(838)

(802)

thereof impairment losses

(113)

(102)

General administrative expenses

105

107

thereof depreciation/amortisation

(104)

(101)

thereof impairment losses

(2)

(5)

Other operating expenses

88

457

thereof impairment losses

(88)

(457)

Net financial result

0

1

thereof impairment losses

(0)

(1)

 

1,162

1,489

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€ million

2013/14

2014/15

1

Including investments measured at cost and accounted for using the equity method

Goodwill

88

457

thereof impairment losses

(88)

(457)

Other intangible assets

110

104

thereof depreciation/amortisation

(106)

(102)

thereof impairment losses

(4)

(3)

Property, plant and equipment

948

888

thereof depreciation/amortisation

(844)

(809)

thereof impairment losses

(105)

(79)

Investment properties

16

38

thereof depreciation/amortisation

(10)

(12)

thereof impairment losses

(6)

(26)

Financial assets1

0

1

thereof impairment losses

(0)

(1)

Assets held for sale

0

0

thereof impairment losses

(0)

(0)

 

1,162

1,489

In accordance with IFRS 5, depreciation/amortisation/impairment losses of the Galeria Kaufhof group are not included in regular earnings from continuing operations. They are therefore not considered in the above tables but are included in the movement schedules on the development of assets until the date of reclassification, 30 June 2015. As a result, the amounts listed there may deviate from the above figures.

Of impairment losses, METRO Cash & Carry accounted for €58 million (2013/14: €139 million), Media-Saturn for €31 million (2013/14: €38 million), Real for €450 million (2013/14: €17 million) and other companies for €28 million (2013/14: €10 million).