Integrated Interim Report 2019 – Germany needs a strong rail system

Notes to the consolidated financial statements

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.