Capital Expenditure (CAPEX)
Total CAPEX
In EUR mn
Upstream CAPEX decreased mainly as a result of a cut-back of capitalized E&A following a widespread effort to reduce spending in 2020. 2019 was impacted by the acquisition of a 50% interest in SapuraOMV in Malaysia.
Downstream CAPEX increase was mainly related to the acquisition of an additional 39% share in Borealis AG.
The reconciliation of total expenditure to the investments as shown in the cash flow statement is depicted in the following table:
In EUR mn |
|
|
|
||
|
2020 |
2019 |
∆ |
||
|---|---|---|---|---|---|
Total capital expenditure |
6,048 |
4,916 |
23% |
||
+/– Changes in the consolidated Group and other adjustments |
(3,954) |
(411) |
n.m. |
||
– Investments in financial assets |
(156) |
(2,155) |
93% |
||
Additions according to statement of non-current assets (intangible and tangible assets) |
1,938 |
2,351 |
(18)% |
||
+/– Non-cash changes |
21 |
(193) |
n.m. |
||
Cash outflow from investments in intangible assets and property, plant and equipment |
1,960 |
2,158 |
(9)% |
||
+ Cash outflow from investments, loans and other financial assets |
194 |
2,265 |
(91)% |
||
+ Acquisitions of subsidiaries and businesses net of cash acquired |
3,880 |
460 |
n.m. |
||
Investments as shown in the cash flow statement |
6,034 |
4,883 |
24% |
||
|
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