In 2016, the Kuehne + Nagel Group invested a total of CHF 239 million (2015: CHF 241 million) in fixed assets. Investments in properties and buildings amounted to CHF 42 million (2015: CHF 85 million), and CHF 197 million (2015: CHF 156 million) were invested in other fixed assets, operating and office equipment.
All capital expenditure in 2016 was financed by the operational cash flow of CHF 1,062 million generated during 2016.
In 2016 the following major investments were made in properties and buildings:
The allocation of investments in other fixed assets, operating and office equipment by category is as follows:
|Office furniture and equipment||11|
The allocation by region is as follows:
Depreciation and amortisation in 2016 amounted to CHF 192 million and was allocated in the income statement as indicated in notes 26 and 27 to the Consolidated Financial Statements.
|Properties and buildings||42||85||49||46|
|Operating and office equipment||197||156||137||135|
|Goodwill in consolidated companies||–||127||–||–|
|Other intangibles through acquisitions||–||93||–||–|
Depreciation and amortisation
|Operating and office equipment||131||115||113||120|
|Amortisation/impairment of other intangible assets||31||54||50||58|