pdf (2.5 MB) - METRO Group
pdf (2.5 MB) - METRO Group
pdf (2.5 MB) - METRO Group
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<strong>METRO</strong> GROUP : ANNUAL REPORT 2010 : BUSINESS<br />
→ NOTES : NOTES TO ThE BAl ANCE ShEET<br />
The strong increase in securities under non-current financial<br />
assets is due to a fund investment of the payments<br />
received in the context of the disposal of shareholdings in<br />
Metro Cash & Carry Morocco S.A.<br />
The carrying amounts of investments include €2 million<br />
(previous year: €1 million) in investments in 4 associated<br />
companies (previous year: 2 associated companies), which<br />
are recognised at equity.<br />
23. Other receivables and assets<br />
Receivables due from suppliers comprise future compensation<br />
for suppliers (for example, bonuses, advertising).<br />
The item of prepaid expenses and deferred charges includes<br />
prorated rental, leasing and interest prepayments as well<br />
as other deferments.<br />
€ million Total<br />
31/12/2010 31/12/2009 1/1/2009<br />
Remaining term Remaining term Remaining term<br />
Up to<br />
1 year<br />
Less than<br />
1 year Total<br />
Up to<br />
1 year<br />
More than<br />
1 year Total<br />
Up to<br />
1 year<br />
→ p. 179<br />
More than<br />
1 year<br />
due from suppliers 1 1,560 1,558 2 1,359 1,356 3 1,482 1,482 0<br />
Other tax receivables 356 356 0 363 363 0 417 417 0<br />
Prepaid expenses and deferred charges 388 109 279 370 101 269 347 99 248<br />
Other assets 2 864 701 163 984 793 191 1,022 820 202<br />
1 Adjustment of previous year’s figures due to revised disclosure<br />
2 Adjustment of figures as of 1 January 2009 due to first-time adoption of revised IfRS in the financial year 2009<br />
The other assets item essentially comprises receivables<br />
from credit card transactions in the amount of €114 million<br />
(previous year: €114 million), receivables from other financial<br />
transactions in the amount of €108 million (previous<br />
year: €95 million), assets for indirect commitments amounting<br />
to €95 million (previous year: €76 million) and receivables/other<br />
assets in the real estate area amounting to<br />
€78 million (previous year: €187 million).<br />
24. Deferred tax assets/deferred tax liabilities<br />
deferred taxes on loss carry-forwards and temporary differences<br />
amount to €1,000 million, a decline of €26 million<br />
compared with the previous year. The carrying amount of<br />
deferred tax liabilities decreased to €212 million, €4 million<br />
lower than the previous year’s level.<br />
3,168 2,724 444 3,076 2,613 463 3,268 2,818 450
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