Status Report

Investments, Depreciation and Amortisation

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.

 

 

Investments in fixed assets / depreciation


In 2016 the following major investments were made in properties and buildings:

Location CHF million Centres
Mississauga, Canada 10 Construction of a built-to-suit warehouse
Singapore 5 Completion of a built-to-suit logistics centre
Chemnitz, Germany 2 Completion of a cross dock facility
Bremen, Germany 3 Construction of an office building
Moehlin, Switzerland 10 Land plot for a planned warehouse facility
Various locations 12 Improvement of existing logistics and distribution centres
Total 42  

The allocation of investments in other fixed assets, operating and office equipment by category is as follows:

CHF million 2016
Operating equipment 93
Vehicles 16
Leasehold improvements 43
IT hardware 34
Office furniture and equipment 11
Total 197

The allocation by region is as follows:

CHF million 2016
EMEA 151
Americas 26
Asia-Pacific 20
Total 197

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.

 

Development of capital expenditure and depreciation
of fixed and intangible assets over a period of four years

CHF million 2016 2015 2014 2013
Capital expenditure
Fixed Assets
     
Properties and buildings 42 85 49 46
Operating and office equipment 197 156 137 135
Intangible assets      
Goodwill in consolidated companies 127
Other intangibles through acquisitions 93
IT software 13 12 10 7
Total 252 473 196 188
Depreciation and amortisation
Fixed assets
     
Buildings 30 22 23 23
Operating and office equipment 131 115 113 120
Intangible assets      
Amortisation/impairment of other intangible assets 31 54 50 58
Total 192 191 186 201