- Page 1: METRO AG ANNUAL REPORT 1996
- Page 5 and 6: Contents Letter to the stockholders
- Page 7 and 8: Letter to the stockholders Dear Sto
- Page 9 and 10: The overriding consideration in any
- Page 11 and 12: Organization and structure of the M
- Page 13 and 14: Analyses of sales and results, divi
- Page 15 and 16: Against the background of sluggish
- Page 17 and 18: METRO AG Balance sheet as of Decemb
- Page 19 and 20: Profit appropriation METRO AG’s S
- Page 21 and 22: Prospects In the 1997-1999 period M
- Page 23 and 24: Additional information General econ
- Page 25 and 26: Western industrialized nations The
- Page 27: Nation survey METRO AG Additional i
- Page 30: Metro Wholesale The cash-and-carry
- Page 33 and 34: Metro Wholesale maintains its marke
- Page 35: Metro Wholesale locations 52 Metro
- Page 38 and 39: With the integration of the former
- Page 40 and 41: Capital expenditure The Kaufhof War
- Page 42: Hypermarkets The Real merchandising
- Page 45 and 46: Hypermarket locations 162 METRO AG
- Page 47 and 48: duce such as fruit and vegetables o
- Page 49 and 50: Praktiker substantially raised non-
- Page 51 and 52: Roller achieves satisfactory result
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the Adler Card, with which shoppers
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As a consequence, the number of emp
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sioned. The Bischofsheim center was
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METRO AG’s internationalization d
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Praktiker penetrated the Austrian m
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The know-how accumulated by Metro C
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Key areas of personnel work H.R. de
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Interest rate and currency manageme
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A multitude of specific circumstanc
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Metro stock First quotation of METR
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Taking into account the share excha
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Annual accounts 1996 of the METRO A
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In comparison with January 1, 1996,
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Long-term loans are capitalized at
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At cost METRO AG Notes Book Charges
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Breakdown of inventories by divisio
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(18) Third-party equity shares The
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(24) Derivative financial instrumen
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(30) Other operating expenses In DM
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Supervisory Board members Erwin Con
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Report of the Supervisory Board The
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In addition, the Executive Board pr
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“The consolidated accounts, which
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METRO AG Group Balance sheet as of