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2011 Interim Report > Interim Group mgmt report > Financial situation
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There were no changes to the financial management concept of DB Group in the first half of 2011.
Financial debt increased by € 448 million to € 19,001 million in the period under review.
The consolidated financial statements are prepared in accordance with the International Financial Reporting Standards (IFRS).
The cash flow from operating activities declind in the first half of 2011
Gross capital expenditures in the period under review amounted to € 2,689 million, which was 7.5% higher than the corresponding previous year figure.