DHL 2013 Annual Report Download - page 60

Operating leases remain an important source of funding for the Group. We mainly
use operating leases to nance real estate, although we also nance aircra, vehicle eets
and  equipment.
. Operating lease liabilities by asset class
 m
2012 2013
Land and buildings 5,100 4,966
Aircraft 647 524
Technical equipment and machinery 65 67
Other equipment, operating and oce equipment, transport equipment, miscellaneous 513 572
6,325 6,129
Operating lease obligations decreased year-on-year to . billion because the
reduction in the remaining terms of legacy agreements, especially for real estate and
aircra, is not matched by the same volume of new leases.
Capital expenditure slightly above prior-year level
As at the end of December , the Group’s capital expenditure (capex) amounted
to , million, which represents a year-on-year increase of .  (previous year:
, million). Investments were made mainly to replace and expand assets. , mil-
lion was invested in property, plant and equipment and  million in intangible assets
excluding goodwill. Investments in property, plant and equipment related primarily to
advance payments and assets under development ( million), transport equipment
( million), land and buildings ( million), technical equipment and machinery
( million),  equipment ( million), operating and oce equipment ( mil-
lion) as well as aircra ( million).
In regional terms, our focus remained on Europe, the Americas and Asia.
. Capex by region
 m
Germany
1,128
979
Americas
180
259
Europe (excluding Germany)
227
259
Asia Pacific
165
160
Other regions
55
40
 
. Capex and depreciation, amortisation and impairment losses, full year
 
 ,
  
Corporate Center /
Other Group
2012 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 2013
Capex (m) 332 434 597 508 150 129 300 277 318 407 1,697 1,755
Depreciation, amortisation
and impairment losses (m) 334 358 400 408 111 92 288 270 206 213 1,339 1,341
Ratio of capex to depre-
ciation, amortisation and
impairment losses 0.99 1.21 1.49 1.25 1.35 1.40 1.04 1.03 1.54 1.91 1.27 1.31
. Capex and depreciation, amortisation and impairment losses,  
 
 ,
  
Corporate Center /
Other Group
2012 2013 2012 2013 2012 2013 2012 2013 2012 2013 2012 2013
Capex (m) 141 259 173 232 54 57 85 90 109 217 562 855
Depreciation, amortisation
and impairment losses (m) 87 108 100 94 28 23 75 65 59 58 349 348
Ratio of capex to depre-
ciation, amortisation and
impairment losses 1.62 2.40 1.73 2.47 1.93 2.48 1.13 1.38 1.85 3.74 1.61 2.46
56 Deutsche Post DHL 2013 Annual Report
Report on Economic Position
Financial position
Group Management Report