DHL 2011 Annual Report Download - page 60

Capital expenditure rises in line with expectations
 e Group’s aggregate capital expenditure (capex) amounted to  , million at
the end of  (previous year:  , million), up  .
Funds were used mainly to replace and increase assets as follows:  , million was
invested in property, plant and equipment and   million in intangible assets exclud-
ing goodwill. Investments in property, plant and equipment were mainly attributable to
advance payments and assets under development (  million). Of this amount,  
was allotted to Express Aviation.  e remaining investments in property, plant and
equipment were distributed as follows: transport equipment (  million), technical
equipment and machinery (  million),  equipment (  million) and other operat-
ing and o ce equipment (  million).
Our investments continued to focus strongly on Europe, the Americas and Asia.
Within Europe, investments were centred on Germany and the , whereas in the
Americas, key focus was on the United States, Mexico, Canada and Brazil. In Asia Paci c
investments centred on China, India, Australia and Singapore.
 invests in technology and quality leadership
Capital expenditure in the  division fell in the reporting year from   mil-
lion to   million. Investments related in particular to technical equipment and ma-
chinery (  million), internally generated so ware (  million) and other operating
and o ce equipment (  million). We continue to invest in our technology and quality
leadership in the mail market: the  at sorters purchased have a higher throughput and
 e ciency to further improve delivery. We are also testing carbon-neutral delivery
and taking measures intended to ease the work load of our employees, for example
. Capex by region
m
Germany
1,057
733
Americas
203
210
Europe (excluding Germany)
248
174
Asia Pacifi c
152
94
Other regions
56
51
 
. Capex and depreciation, amortisation and impairment losses, full year
 
 ,
  
Corporate Center /
Other Group
2010
adjusted
2011 2010 2011 2010 2011 2010
adjusted
2011 2010 2011 2010 2011
Capex (m) 446 433 286 602 102 135 214 252 214 294 1,262 1,716
Depreciation, amortisation
and impairment losses(m) 332 354 373 337 98 101 289 287 204 195 1,296 1,274
Ratio of capex to depreciation,
amortisation andimpairment losses 1.34 1.22 0.77 1.79 1.04 1.34 0.74 0.88 1.05 1.51 0.97 1.35
. Capex and depreciation, amortisation and impairment losses, 
 
 ,
  
Corporate Center /
Other Group
2010
adjusted
2011 2010 2011 2010 2011 2010
adjusted
2011 2010 2011 2010 2011
Capex (m) 146 200 134 245 34 61 81 73 104 96 499 675
Depreciation, amortisation
and impairment losses(m) 103 119 87 88 25 26 74 78 48 49 337 360
Ratio of capex to depreciation,
amortisation andimpairment losses 1.42 1.68 1.54 2.78 1.36 2.35 1.09 0.94 2.17 1.96 1.48 1.88
Deutsche Post DHL Annual Report 
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