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:
| Download XLS (23KB) |
€ 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 |
| Download XLS (23KB) |
€ million |
2014/15 |
2015/16 |
||
|
||||
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).