Other financial commitments
The total amount of other financial commitments was stated as € 17,988 million as of June 30, 2019 (as of December 31, 2018: € 21,964 million; as of June 30, 2018: € 21,140 million). The decline in the disclosed financial obligations is attributable to the first-time adoption of IFRS 16.
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, 2019 | Dec 31, 2018 | Jun 30, 2018 |
Committed capital expenditures | |||
Property, plant and equipment | 17,538 | 15,931 | 15,237 |
Intangible assets | 27 | 31 | 38 |
Acquisition of financial assets | 423 | 417 | 406 |
| Total | 17,988 | 16,379 | 15,681 |
The increase in committed capital expenditures in property, plant and equipment is mainly due to 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 relates to outstanding deposits (which have not been called in) at the European Company for the Financing of Railroad Rolling Stock (EUROFIMA), Basel/Switzerland.
As of the balance sheet date, leases with a volume of € 675 million have been concluded with a term after the balance sheet date.