Capital expenditures
| CAPITAL EXPENDITURES / € million | H 1 | Change | H 1 | |||
2022 | 2021 | absolute | % | |||
| Gross capital expenditures | 5,402 | 5,550 | – 148 | – 2.7 | 4,825 | |
thereof Integrated Rail System 1) | 4,983 | 5,213 | – 230 | – 4.4 | 4,241 | |
Investment grants | 2,662 | 2,891 | – 229 | – 7.9 | 2,475 | |
thereof Integrated Rail System | 2,645 | 2,882 | – 237 | – 8.2 | 2,468 | |
Net capital expenditures | 2,740 | 2,659 | + 81 | + 3.0 | 2,350 | |
thereof Integrated Rail System 1) | 2,338 | 2,331 | + 7 | + 0.3 | 1,773 | |
1) Figures for first half of 2021 adjusted due to the Uintragroup reassignment of the FLS business area.
ross capital expenditures fell slightly at a high level, driven by the Integrated Rail System. This was mainly due to reporting date effects for infrastructure projects and lower vehicle capital expenditures at DB Regional in line with the requirements of transport contracts. This was partially offset by higher capital expenditures in the vehicle fleet at DB Long-Distance and the increase in capital expenditure activities at DB Arriva (including the implementation of a depot project in the United Kingdom) and DB Schenker (including the modernization and digitalization of the existing business in Europe and Asia).
Investment grants, which are almost exclusively allocated to the Integrated Rail System, also decreased as a result of reporting date effects. They accounted for about 49% of gross capital expenditures (in H 1 2021: about 52%).
Net capital expenditures were somewhat higher, driven by the slight increase in capital expenditure activities at DB Arriva and DB Schenker. In the Integrated Rail System, they were roughly at the level of the first half of 2021
.
The focus of our capital expenditure activities continues to center on the Integrated Rail System for measures to improve performance and efficiency in the track infrastructure area as well as measures to develop our vehicle fleet.