Slight deviations from the projected financial position and asset situation
Gross capital expenditures
Net capital expenditures
Cash and cash equivalents as of Dec 31
Net financial debt
We narrowly failed to meet our forecast for capital expenditures in the 2017 financial year. In particular, capital expenditures with regard to vehicles for DB Regional and DB Arriva were not as high as expected, resulting in lower net capital expenditures than forecast.
With respect to DB Groupʼs financial position, actual developments in the year under review corresponded with our forecast for maturities. The bond issues required to meet our financial needs coincided almost exactly with our expectations.
Our holdings of cash and cash equivalents and net financial debt at the end of 2017 were in line with our expectations.