METRO AG - METRO Group

Asset and capital structure of the Group
METRO AG’s 1996 consolidated balance sheet
shows an equity capital of DM 4,826 million,
which covers 49.9 percent of fixed assets. Total
assets of DM 20,777 million bring the equity
ratio to 23.2 percent. Net financial accounting
indebtedness amounts to some DM 770 million,
or 3.7 percent of the balance sheet total, after
netting interest-bearing assets and liabilities.
Group balance sheet structure
Assets DM million
Fixed assets 9,673
Current assets 11,104
20,777
Equity & liabilities DM million
Equity 4,826
Long-term debt 3,061
Short-term debt 12,890
20,777
16
Material subsequent events
Subsequent to December 31, 1996, there were
no events of material significance to either
METRO AG’s or the METRO AG Group’s netasset,
financial or income position.
For information only, it is mentioned that the
Supervisory and Executive Boards will propose
to the annual stockholders’ meeting of July 9,
1997, to raise METRO AG’s capital stock by
DM 701.7 million, from DM 501.2 million to
DM 1,202.9 million, by transferring an equivalent
amount from the reserve from capital surplus.
Moreover, METRO AG submitted in April
1997 to the outside stockholders of Alzey-based
Massa AG, a 96-percent METRO AG subsidiary,
a voluntary public offering to purchase their
stock at a price of DM 150 for each DM 50 share
at par. In addition, under its Group portfolio
streamlining program, METRO AG disposed
in the spring of 1997 of all its shares in ITC
Immobilien Team Consulting GmbH and Mac
Fash Textilhandels GmbH.