Other financial commitments
Capital expenditures in relation to which DB Group has entered into contractual obligations as of the balance sheet date, but for which no consideration has yet been received, are broken down as follows:
(€ million) | Jun 30, 2020 | Dec 31, 2019 | Jun 30, 2019 |
Committed capital expenditures | |||
Property, plant and equipment | 18,627 | 16,951 | 17,538 |
Intangible assets | 37 | 37 | 27 |
Acquisition of financial assets | 441 | 433 | 423 |
Total | 19,105 | 17,421 | 17,988 |
The increase in committed capital expenditures in property, plant and equipment was mainly due to the planned expenditures due to own construction services and the acquisition of new vehicles. In the case of some supply arrangements, there are independent admissions of guilt with regard to fulfilling the order commitment; these are opposed by claims of the same amount, backed by bank guarantees and insurance policies with very good ratings. The committed capital expenditures in property, plant and equipment also contain future obligations for vehicles in connection with transport contracts to be recognized in accordance with IFRIC 12.
The acquisition of financial assets related to outstanding contributions for EUROFIMA Europäische Gesellschaft für die Finanzierung von Eisenbahnmaterial, Basel/Switzerland which have not been called in.