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

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€ million

Loans

Investments

Securities

Total financial investments

Acquisition or production costs

 

 

 

 

As of 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 / 1/10/2015

46

84

2

133

Currency translation

1

0

0

1

Additions to consolidation group

0

0

0

0

Additions

15

16

0

31

Disposals

−3

−74

0

−77

Reclassifications under IFRS 5

0

0

0

0

Transfers

0

0

24

24

As of 30/9/2016

58

27

26

112

Depreciation/amortisation/impairment losses

 

 

 

 

As of 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 / 1/10/2015

0

16

0

16

Currency translation

0

0

0

0

Additions, scheduled

0

0

0

0

Additions, non-scheduled

3

3

0

6

Disposals

0

−14

0

−14

Reclassifications under IFRS 5

0

0

0

0

Reversals of impairment losses

0

0

0

0

Transfers

0

0

0

0

As of 30/9/2016

4

5

0

8

Carrying amount at 1/10/2014

51

18

2

71

Carrying amount at 30/9/2015

46

69

2

117

Carrying amount at 30/9/2016

55

23

26

104

Disposals of investments in the amount of €74 million relate to non-controlling interests in real estate companies attributable to the Galeria Kaufhof group.

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€ million

Investments accounted for using the equity method

Acquisition or production costs

 

As of 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 / 1/10/2015

191

Currency translation

0

Additions to consolidation group

0

Additions

13

Disposals

−15

Reclassifications under IFRS 5

0

Transfers

0

As of 30/9/2016

190

Depreciation/amortisation/impairment losses

 

As of 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 / 1/10/2015

7

Currency translation

0

Additions, scheduled

0

Additions, non-scheduled

0

Disposals

0

Reclassifications under IFRS 5

0

Reversals of impairment losses

−5

Transfers

0

As of 30/9/2016

2

Carrying amount at 1/10/2014

95

Carrying amount at 30/9/2015

184

Carrying amount at 30/9/2016

188

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. The companies are included in the consolidated financial statements of METRO AG with their last available financial statements.

Disposals include the sale of the shares in EZW Kauf- und Freizeitpark GmbH & Co. KG, which resulted in income of €87 million.

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Habib METRO Pakistan

OPCI FWP

OPCI FWS

Mayfair group1

Others

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

€ million

2014/15

2015/16

2014/15

2015/16

2014/15

2015/16

2014/15

2015/16

2014/15

2015/16

2014/15

2015/16

1

The Mayfair group comprises ten real estate companies

Size of investment (in %)

40

40

4.99

4.99

24.99

24.99

40

40

Market capitalisation

Carrying amount

47

47

9

9

39

41

83

80

6

11

184

188

Notes to the income statement

 

 

 

 

 

 

 

 

 

 

 

 

Sales

12

12

23

24

22

23

0

16

21

29

78

104

Earnings after taxes from continuing operations

6

6

16

14

15

15

12

9

0

5

49

49

Earnings after taxes from discontinued operations

0

0

0

0

0

0

0

0

0

 

0

0

Other comprehensive income

0

0

0

0

0

0

0

0

0

 

0

0

Total comprehensive income

6

6

16

14

15

15

12

9

0

5

49

49

Dividend payments to the group

1

0

0

0

4

0

0

0

1

0

6

0

Notes to the balance sheet

 

 

 

 

 

 

 

 

 

 

 

 

Non-current assets

61

61

261

271

251

261

189

201

155

84

917

878

Current assets

14

15

2

1

6

4

4

5

34

17

60

42

Non-current liabilities

3

3

102

100

101

100

0

0

162

84

368

287

Current liabilities

1

1

1

0

1

0

0

5

21

14

24

20

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

The group’s at-equity investments essentially concern leasing companies. The key purpose of the leasing companies is to acquire, lease out and manage assets.