DHL 2012 Annual Report Download - page 50
Download and view the complete annual report
Please find page 50 of the 2012 DHL annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report. , improves solutions
In the , division, capex increased in the report-
ing year from million ( adjusted) to million. Of this gure, million was
attributable to the Global Forwarding business unit, where we modernised and retted
warehouses across all regions. We also improved solutions, especially those for the
New Forwarding Environment project. A total of million was invested in the Freight
business unit, with the largest projects relating to buildings in Northern and Eastern
Europe. In Germany our primary investments were mainly in the purchase of soware
as well as new oce and equipment.
invests in new business
In the division, capex amounted to million, which was
higher than the million reported in the previous year. Of this amount, million
related to the Supply Chain business unit, million to the Williams Lea business unit
and million to central entities. Approximately of the funds were used to support
new business worldwide. In the Americas region investments were made primarily in
new business in the Consumer, Life Sciences & Healthcare and Retail sectors. In the ,
capital expenditure focused on new business projects and the replacement of vehicles
in the Consumer and Life Sciences & Healthcare sectors. Additional investments were
made in a new mega hub in Hong Kong as well as in customer projects in the Asia Pacic
region. In the Williams Lea business unit, we invested primarily in .
Cross-divisional investments continue to increase
Cross-divisional capital expenditure for Corporate Center / Other (consisting mainly
of Global Business Services) rose from million to million in the reporting year.
e purchase of vehicles and investments accounted for the highest share of expend-
iture. Whilst expenses for vehicles fell slightly, investments increased signicantly,
above all due to licence purchases.
Pension funding reduces operating cash flow
Net cash used in operating activities amounted to million in . By contrast,
a net cash inow of , million was generated in the previous year. Net cash from
operating activities before changes in working capital declined by , million to
million. is was largely due to the fact that we used the funds raised on the capital
market to fund our pension obligations and utilised pension provisions accordingly. We
also utilised provisions for the additional payment. Although the improved
raised cash ow from operating activities, higher income tax payments reduced operat-
ing cash ow. Non-cash income and expense amounted to million. is increased
but did not aect cash ow. e changes in working capital led to a cash outow of
million (previous year: cash inow of million). e change in liabilities and
other items in particular made a signicant contribution to this development.
Strategic focus, page f.
. Operating cash flow by division,
m
–1,445
1,102
,
647
432
Deutsche Post DHL Annual Report
46