Capital employed
Capital employed as of Dec 31 / € million | 2022 | 2021 | Change | 2019 | |
absolute | % | ||||
Capital employed | 45,289 | 43,020 | +2,269 | +5.3 | 42,999 |
thereof property, plant and equipment | 52,268 | 50,100 | +2,168 | +4.3 | 46,591 |
Capital employed equates to the assets deemed necessary for business and subject to the cost of capital, as derived from the balance sheet. The growth in capital employed resulted mainly from a capital expenditure-related increase in property, plant and equipment in the Integrated Rail System. Higher receivables and other assets were compensated by the increase in miscellaneous and other liabilities.
