14. Depreciation/amortisation/impairment losses
Depreciation/amortisation/impairment losses of €1,283 million (12M 2012/13: €1,496 million; 9M 2013: €997 million) include impairment losses totalling €204 million (12M 2012/13: €367 million; 9M 2013: €157 million). Thereof, €88 million are attributable to the goodwill impairment losses related to METRO Cash & Carry Netherlands that were recognised in the second quarter of 2013/14 in light of negative business developments. The portfolio changes and selling space optimisations at METRO Cash & Carry required impairments of property, plant and equipment in the amount of €34 million. In addition, impairment losses include impairments of property, plant and equipment at Media-Saturn Russia in the amount of €30 million resulting, among other things, from measures undertaken to optimise the selling space of existing stores. Impairments related to the disposal of Real’s business operations in Turkey also contributed €14 million to impairment losses. The attribution of depreciation/amortisation/impairment losses in the income statement and the affected asset categories is as follows:
| Download XLS (23KB) |
€ million |
9M 2013 |
12M 2012/13 |
12M 2013/14 |
Cost of sales |
15 |
20 |
18 |
thereof depreciation/ |
(15) |
(20) |
(18) |
thereof impairment losses |
(0) |
(0) |
(0) |
Selling expenses |
804 |
1,172 |
1,062 |
thereof depreciation/ |
(720) |
(961) |
(948) |
thereof impairment losses |
(84) |
(210) |
(114) |
General administrative expenses |
112 |
167 |
114 |
thereof depreciation/ |
(105) |
(147) |
(113) |
thereof impairment losses |
(7) |
(20) |
(2) |
Other operating expenses |
66 |
136 |
88 |
thereof impairment losses |
(66) |
(136) |
(88) |
Financial result |
0 |
1 |
0 |
thereof impairment losses |
(0) |
(1) |
(0) |
|
997 |
1,496 |
1,283 |
| Download XLS (23KB) |
€ million |
9M 2013 |
12M 2012/13 |
12M 2013/14 |
||||
|
|||||||
Goodwill1 |
31 |
101 |
88 |
||||
thereof impairment losses |
(31) |
(101) |
(88) |
||||
Other intangible assets1 |
113 |
168 |
131 |
||||
thereof amortisation |
(107) |
(150) |
(126) |
||||
thereof impairment losses |
(5) |
(19) |
(4) |
||||
Property, plant and equipment |
802 |
1,171 |
1,048 |
||||
thereof depreciation |
(725) |
(968) |
(943) |
||||
thereof impairment losses |
(77) |
(203) |
(105) |
||||
Investment properties |
16 |
20 |
16 |
||||
thereof depreciation |
(8) |
(11) |
(10) |
||||
thereof impairment losses |
(8) |
(9) |
(6) |
||||
Financial investments2 |
0 |
1 |
0 |
||||
thereof impairment losses |
(0) |
(1) |
(0) |
||||
Assets held for sale |
34 |
34 |
0 |
||||
thereof impairment losses |
(34) |
(34) |
(0) |
||||
|
997 |
1,496 |
1,283 |
||||
Of impairment losses, METRO Cash & Carry accounted for €139 million (12M 2012/13: €162 million; 9M 2013: €83 million, revised presentation – see chapter Notes to the group accounting principles and methods), Media-Saturn for €38 million (12M 2012/13: €78 million; 9M 2013: €16 million), Real for €17 million (12M 2012/13: €88 million; 9M 2013: €39 million) and other companies for €10 million (12M 2012/13: €40 million; 9M 2013: €19 million, revised presentation – see chapter Notes to the group accounting principles and methods).