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METRO gROUP : ANNUAL REPORT 2011 : BUsiNEss
→ noTes : noTes To THe InCoMe sTaTeMenT
11. Net profit for the period attributable
to non-controlling interests
of net profit for the period attributable to non-controlling
interests, profit shares accounted for €211 million (previous
year: €178 million) and loss shares for €101 million (previous
year: €92 million). This mainly concerns profit/loss shares of
non-controlling interests in the Media-saturn sales division.
12. Earnings per share
MeTRo aG defines earnings per share as earnings per
ordinary share. In 2010, holders of preference shares of
MeTRo aG were entitled to a dividend of €1.485 that was
€0.135 higher than that paid to holders of ordinary shares.
In the calculation of earnings per share, this additional dividend
is deducted from profits attributable to MeTRo aG
shareholders.
earnings per share are determined by dividing earnings attributable
to MeTRo aG shareholders by a weighted number of
issued shares.
There was no dilution in the financial year 2011 or the year
before from so-called potential shares.
2010 2011
Weighted number of no-par-value shares
outstanding
net profit for the period attributable to
326,787,529 326,787,529
MeTRo aG shareholders (€ million) 850 631
Earnings per share (€) 2.60 1.93
earnings per preference share amounted to €2.07 in the
financial year 2011 (previous year: €2.74) and thus exceeded
earnings per share by the amount of the additional dividend
of €0.135.
13. Depreciation/amortisation
→ p. 205
€ million
scheduled depreciation on tangible
and intangible assets and investment
2010 2011
properties
non-scheduled write-downs on tangible
assets, intangible assets (incl. goodwill)
1,274 1,246
and investment properties
non-scheduled write-downs on non-current
153 104
financial assets 0 1
1,427 1,351
non-scheduled write-downs were included in selling
expenses to the amount of €102 million (previous year:
€141 million), to the amount of €2 million in general administrative
expenses (previous year: €12 million), and to the
amount of €1 million in the net financial result (previous year:
€0 million). Write-downs of intangible assets accounted for
€19 million (previous year: €11 million), write-downs of fixed
assets for €81 million (previous year: €134 million), writedowns
of investment properties for €4 million (previous year:
€8 million), and write-downs of non-current financial assets
for €1 million (previous year: €0 million).
Metro Cash & Carry accounts for €10 million (previous year:
€2 million) of the non-scheduled write-downs, Real for
€12 million (previous year: €17 million), Media-saturn for
€23 million (previous year: €73 million, essentially for the
French consumer electronics stores that have since been
sold), the Real estate segment for €58 million (previous year:
€50 million) and other companies for €2 million (previous
year: €11 million).
14. Cost of materials
The cost of sales includes the following cost of materials:
€ million
Cost of raw materials, supplies and
2010 2011
goods purchased 52,491 52,207
Cost of services purchased 96 21
52,587 52,228