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<strong>METRO</strong> gROUP : ANNUAL REPORT 2011 : sERViCE → GlossaRY 701 GlOssARY A Anti-fraud measures prevention and identification of as well as response to fraudulent in-house activities. Asset management acquisition, development, management and sale of real estate assets. at MeTRo GRoUp, this is the responsibility of MeTRo pRopeRTIes. c Commissioning packing of a defined number of goods and preparation for delivery. Compliance all measures specifying a company’s and its employees’ behaviour in accordance with legislation, established social guidelines and values. Consumer electronics store large retail store specialised in consumer electronics, household goods, new media, telecommunications, computer and photo assortments. Media Markt and saturn are the consumer electronics stores of MeTRo GRoUp. Core real estate asset High-quality rented real estate property in an attractive location. d Department store large retail store that is generally located in the city centre and offers all types of goods, including textiles, household goods and food. Galeria Kaufhof is MeTRo GRoUp’s department store operator. → p. 291 Discounter a retail format characterised by a limited product assortment and an aggressive low-price policy. Diversity management Key element of human resources policy that leverages the diversity of the workforce with respect to gender, age, ethnic origin, faith, sexual identity or disabilities a company’s business success. E EBiT (Earnings Before interest and Taxes) serves as the basis for international comparisons of companies. EBiTaC (Earnings Before interest and Taxes after Cost of Capital) This metric shows whether a company successfully deploys its business assets and generates economic value added exceeding its cost of capital. EBiTDA (Earnings Before interest, Taxes, Depreciation and Amortisation) This metric serves as the basis for comparisons between companies using different accounting standards. EBT (Earnings Before Taxes) This metric serves as the basis for comparisons between companies even when different tax systems apply.
<strong>METRO</strong> gROUP : ANNUAL REPORT 2011 : sERViCE → GlossaRY f Facility management Management and operation of buildings, plants and building services with the aim of reducing costs, ensuring the technical functionality and maintaining the long-term value of a building. Fair value The amount at which an asset could be bought or sold, or a liability incurred or settled, in a current transaction between willing parties on the basis of market prices. Franchising also known as licensing or franchising system. a contractually regulated organisational form: the franchisor grants an independent franchisee the right to offer certain products or services bearing the name or the trademark of the franchisor. G globalgAP a private sector organisation that certifies agricultural and acquacultural products. The standard for “good agricultural practice” (Gap) resulted from an initiative of european trade and retail companies. global Trade item Number (gTiN) Internationally coordinated and globally unique 8- or 13-digit product number used to clearly identify products and services. governance principles governing the management and super vision of the different players that influence a company’s direction. h horizontal providers a provider with a broad range of products from various manufacturers. I → p. 292 hypermarket large retail store with different articles offered largely in a self-service arrangement. aside from food products, the assortment also includes consumer durables and non-durables. Real is the hypermarket operator within MeTRo GRoUp. iAsB (international Accounting standards Board) an independent international body that developed the International Financial Reporting standards (IFRs) and continues to modify them. iFRiC (international Financial Reporting interpretations Committee) This group is part of the International accounting standards Committee Foundation (IasCF) and resolves controversial accounting issues. iFRs (international Financial Reporting standards) International rules governing the accounting policies of stock corporations. In contrast to the financial statements according to the German Commercial Code, the focus of IFRs is on investor-orientated information. l Like-for-like growth sales growth adjusted for selling space reflects sales growth on a comparable area or with respect to a comparable group of locations in local currency. It includes only the sales volumes of locations that were neither newly opened during the reporting year or the preceding year nor closed during the reporting year, and whose area did not change substantially as a result of restructuring work.
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24/7 online - SHoPPinG! - inTeGRATe
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METRO gROUP in figures 1 € millio
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Our Real sales division also consid
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s e p a r a t e FOLD FOLD PUSH OUT
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s e p a r a t e s e p a r a t e s e
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hTTP://www.METRO-wEiN.DE s e p a r
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hTTP://www.REAL-DRiVE.DE s e p a r
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hTTP://www.MEDiAMARKT.DE s e p a r
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hTTP://www.sATURN.DE s e p a r a t
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hTTP://www.REDCOON.DE s e p a r a t
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hTTP://www.gALERiA-KAUFhOF.DE s e p
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METRO gROup : ANNuAL REpORT 2011
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METRO gROUP : ANNUAL REPORT 2011
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sTRATEgy 1 METRO gROUP : ANNUAL REP
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we recoGnISe And AdAPT To LocAL reQ
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wHAT SecUrInG GrowTH MeAnS For US:
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SUSTAInABLe TrAde. SUSTAInABLe Grow
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