15. Depreciation/amortisation/impairment losses

Depreciation/amortisation/impairment losses of €1,036 million (2014/15: €1,489 million) include impairment losses totalling €108 million (2014/15: €566 million, with €52 million relating to other intangible assets (2014/15: €3 million) and €53 million to property, plant and equipment (2014/15: €79 million).

At €44 million, impairment losses on intangible assets essentially concern Media-Saturn, with impairment losses on the Redcoon brand due to the termination of selected unprofitable online business activities accounting for €34 million of this total. Impairment losses on property, plant and equipment essentially relate to Media-Saturn Russia, at €20 million, and MAKRO Cash & Carry Poland, at €10 million, and are due mostly to store closures.

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

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€ million

2014/15

2015/16

Cost of sales

19

57

thereof depreciation/amortisation

(19)

(21)

thereof impairment losses

(0)

(36)

Selling expenses

905

870

thereof depreciation/amortisation

(802)

(804)

thereof impairment losses

(102)

(65)

General administrative expenses

107

107

thereof depreciation/amortisation

(101)

(102)

thereof impairment losses

(5)

(4)

Other operating expenses

457

0

thereof impairment losses

(457)

(0)

Net financial result

1

3

thereof impairment losses

(1)

(3)

 

1,489

1,036

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€ million

2014/15

2015/16

1

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

Goodwill

457

0

thereof impairment losses

(457)

(0)

Other intangible assets

104

168

thereof depreciation/amortisation

(102)

(116)

thereof impairment losses

(3)

(52)

Property, plant and equipment

888

854

thereof depreciation/amortisation

(809)

(801)

thereof impairment losses

(79)

(53)

Investment properties

38

11

thereof depreciation/amortisation

(12)

(10)

thereof impairment losses

(26)

(1)

Financial assets1

1

3

thereof impairment losses

(1)

(3)

Assets held for sale

0

0

thereof impairment losses

(0)

(0)

 

1,489

1,036

Of impairment losses of €108 million (2014/15: €566 million), METRO Cash & Carry accounted for €20 million (2014/15: €58 million), Media-Saturn for €81 million (2014/15: €31 million), Real for €1 million (2014/15: €450 million) and other companies for €6 million (2014/15: €28 million).