Reading recommendations from the Economic topic area
Capital expenditures
The increase in gross capital expenditures resulted primarily from the inclusion of the finance leases because of the changes to accounting for liabilities arising from leasing agreements (IFRS 16 effect). In the integrated rail system,
increased capital expenditures in the track infrastructure also had an impact on capital expenditures.
Investment grants, which are almost exclusively allocated to the integrated rail system, also increased significantly. They accounted for about 57% of gross capital expenditures (previous year: about 64%).
Net capital expenditures also increased significantly, partly due to the IFRS 16 effect. In the integrated rail system, there was also an increase in capital expenditures to expand capacity in rolling stock and in the infrastructure works, especially at DB Long-Distance.
Capital expenditures (€ million) | 2019 | 2018 | Change | |||
absolute | thereof IFRS- | % | ||||
| Gross capital expenditures | 13,093 | 11,205 | + 1,888 | +1,097 | + 16.8 |
thereof integrated rail system | 11,713 | 10,606 | + 1,107 | +382 | + 10.4 | |
Investment grants | 7,447 | 7,209 | + 238 | – | + 3.3 | |
thereof integrated rail system | 7,412 | 7,195 | + 217 | – | + 3.0 | |
Net capital expenditures | 5,646 | 3,996 | + 1,650 | +1,097 | + 41.3 | |
thereof integrated rail system | 4,301 | 3,411 | + 890 | +382 | + 26.1 | |
The focus of our capital expenditure activities continues to be in the business units of the integrated rail system for measures to improve performance and efficiency in the area of track infrastructure, as well as the renovation and the expansion of our vehicle fleet.
