Capital expenditures
| Capital expenditures (€ million) | H1 | Change | H1 2019 | |||
2021 | 2020 | absolute | % | |||
| Gross capital expenditures | 5,550 | 5,552 | –2 | – | 4,825 | |
thereof Integrated Rail System | 5,212 | 5,034 | +178 | +3.5 | 4,241 | |
Investment grants | 2,891 | 2,782 | +109 | +3.9 | 2,475 | |
thereof Integrated Rail System | 2,882 | 2,777 | +105 | +3.8 | 2,468 | |
Net capital expenditures | 2,659 | 2,770 | –111 | –4.0 | 2,350 | |
thereof Integrated Rail System | 2,330 | 2,257 | +73 | +3.2 | 1,773 | |
Gross capital expenditures remained almost unchanged at a very high level. An increase in the Integrated Rail System, primarily as a result of higher capital expenditures in vehicles, was more than offset by a decline at DB Arriva (effects from the cessation of the ARN franchise) and DB Schenker (decline of leasing activities).
The investment grants increased slightly and accounted for about 52% of gross capital expenditures (in the first half of 2020: about 50%).
As a result, net capital expenditure fell slightly.
The focus of our capital expenditure activities continues to center on the Integrated Rail System for measures to improve performance and efficiency in the rail infrastructure sector as well as measures to rejuvenate and expand our vehicle fleet.
| Gross capital expenditures by regions (€ million) | H1 | Change | H1 2019 | |||
2021 | 2020 | absolute | % | |||
| Germany | 5,200 | 5,092 | +108 | +2.1 | 4,299 | |
| Europe (excluding Germany) | 271 | 393 | –122 | –31.0 | 457 | |
| Asia/Pacific | 64 | 61 | +3 | +4.9 | 53 | |
| North America | 9 | 25 | –16 | –64.0 | 28 | |
| Rest of world | 7 | 2 | +5 | – | 9 | |
| Consolidation | –1 | –21 | +20 | –95.2 | –21 | |
DB Group | 5,550 | 5,552 | –2 | – | 4,825 | |
| Net capital expenditures by regions (€ million) | H1 | Change | H1 | |||
2021 | 2020 | absolute | % | 2019 | ||
Germany | 2,319 | 2,315 | +4 | +0.2 | 1,831 | |
| Europe (excluding Germany) | 261 | 388 | –127 | –32.7 | 450 | |
| Asia/Pacific | 64 | 61 | +3 | +4.9 | 53 | |
| North America | 9 | 25 | –16 | –64.0 | 28 | |
| Rest of world | 7 | 2 | +5 | – | 9 | |
| Consolidation | –1 | –21 | +20 | –95.2 | –21 | |
DB Group | 2,659 | 2,770 | –111 | –4.0 | 2,350 | |
In the regional breakdown of gross capital expenditures, the focus remained on Germany. The increase is mainly due to infrastructure measures and the capitalization of leasing agreements.