14. Depreciation/amortisation/impairment
Depreciation/amortisation/impairment of €997 million (9M 2012: €1,138 million; 12M 2012: €1,636 million) includes impairment losses totalling €157 million (9M 2012: €200 million; 12M 2012: €411 million). Impairments related to the divestment of Real’s Eastern European business contributed €39 million to this. Negative business developments at METRO Cash & Carry in Egypt and Kazakhstan required impairments of property, plant and equipment in the amount of €44 million. In addition, impairment losses comprise a decrease in the goodwill of METRO Cash & Carry Denmark totalling €16 million and METRO Cash & Carry Hungary totalling €15 million.
The attribution of depreciation/amortisation/impairment losses in the income statement and the affected asset categories is as follows:
| Download XLS (24 kB) |
|
€ million |
12M 2012 |
9M 2012 |
9M 2013 |
|
Cost of sales |
17 |
13 |
15 |
|
thereof depreciation/amortisation |
(17) |
(13) |
(15) |
|
thereof impairment losses |
(0) |
(0) |
(0) |
|
Selling expenses |
1,341 |
974 |
804 |
|
thereof depreciation/amortisation |
(1,052) |
(811) |
(720) |
|
thereof impairment losses |
(289) |
(162) |
(84) |
|
General administrative expenses |
169 |
114 |
112 |
|
thereof depreciation/amortisation |
(156) |
(114) |
(105) |
|
thereof impairment losses |
(13) |
(0) |
(7) |
|
Other operating expenses |
107 |
37 |
66 |
|
thereof impairment losses |
(107) |
(37) |
(66) |
|
Net financial result |
1 |
0 |
0 |
|
thereof impairment losses |
(1) |
(0) |
(0) |
|
|
1,636 |
1,138 |
997 |
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|
€ million |
12M 2012 |
9M 2012 |
9M 2013 | ||
| |||||
|
Intangible assets |
252 |
127 |
144 | ||
|
thereof amortisation |
(164) |
(122) |
(107) | ||
|
thereof impairment losses |
(88) |
(5) |
(37) | ||
|
Property, plant and equipment |
1,197 |
829 |
802 | ||
|
thereof depreciation |
(1,049) |
(806) |
(725) | ||
|
thereof impairment losses |
(149) |
(23) |
(77) | ||
|
Investment properties |
13 |
10 |
16 | ||
|
thereof depreciation |
(13) |
(10) |
(8) | ||
|
thereof impairment losses |
(0) |
(0) |
(8) | ||
|
Financial investments1 |
1 |
0 |
0 | ||
|
thereof impairment losses |
(1) |
(0) |
(0) | ||
|
Assets held for sale |
172 |
172 |
34 | ||
|
thereof impairment losses |
(172) |
(172) |
(34) | ||
|
|
1,636 |
1,138 |
997 | ||
Of impairments, METRO Cash & Carry accounted for €39 million (9M 2012: €133 million; 12M 2012: €205 million), Media-Saturn for €16 million (9M 2012: €10 million; 12M 2012: €71 million), Real for €39 million (9M 2012: €1 million; 12M 2012: €46 million), the Real Estate segment for €59 million (9M 2012: €56 million; 12M 2012: €86 million) and other companies for €4 million (9M 2012: €1 million; 12M 2012: €2 million).