DHL 2012 Annual Report Download - page 49

Regionally, we invested in modernising and expanding our xed assets, above all
in Europe and North America. At the same time we increased expenditures in the Asia
Pacic region and Latin America compared with the prior year.
 expands parcel network
Capex in the  division fell in the reporting year from  million to  mil-
lion. Investments related in particular to technical equipment and machinery, , other
operating and oce equipment as well as soware. We focused mainly on expanding
our parcel network as part of our Production Concept  initiative and adapting
network capacities to increasing shipment volumes. We also expanded our network of
Packstations and our fullment business. In addition, we restructured our retail outlet
network and further developed electronic platforms, including our -Postbrief product.
Flexible  structures and systems were established for this purpose.
 renews and expands infrastructure
In the  division, capex remained stable at  million (previous year,
adjusted:  million). To continue solidifying our market leadership, we focused
on modernising and renewing our aircra eet. erefore, in Aviation investments of
 million were made for aircra, their regulatory maintenance and related advance
payments. We continued to strengthen our ground network infrastructure: the North
Asia Hub in Shanghai was completed, the hubs in Cincinnati and Mexico were expanded
and terminals in Italy were modernised.
. Capex and depreciation, amortisation and impairment losses, full year
 
 ,
  
Corporate Center /
Other Group
2011 2012 2011
adjusted
2012 2011
adjusted
2012 2011 2012 2011 2012 2011 2012
Capex ( m) 433 332 601 597 136 150 252 300 294 318 1,716 1,697
Depreciation, amortisation
and impairment losses ( m) 354 334 334 400 104 111 287 288 195 206 1,274 1,339
Ratio of capex to depre-
ciation, amortisation and
impairment losses 1.22 0.99 1.80 1.49 1.31 1.35 0.88 1.04 1.51 1.54 1.35 1.27
. Capex and depreciation, amortisation and impairment losses,  
 
 ,
  
Corporate Center /
Other Group
2011 2012 2011
adjusted
2012 2011
adjusted
2012 2011 2012 2011 2012 2011 2012
Capex ( m) 200 141 244 173 62 54 73 85 96 109 675 562
Depreciation, amortisation
and impairment losses ( m) 119 87 87 100 27 28 78 75 49 59 360 349
Ratio of capex to depre-
ciation, amortisation and
impairment losses 1.68 1.62 2.80 1.73 2.30 1.93 0.94 1.13 1.96 1.85 1.88 1.61
. Capex by segment
 m

332
433

597
601
 , 
150
136
 
300
252
Corporate Center / Other
318
294
 
Deutsche Post DHL Annual Report 
Group Management Report
Economic Position
Financial position
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