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Capital expenditures and development

The capital expenditures and costs of uncompleted development incurred in 2012 totalled PLN 1 767 m and were 16% higher versus previous year. The total spending amounted to PLN 1 836 m.

 

In 2012, approximately 650 investment projects included in the capital expenditures plan were implemented, of which:

  • 610 were local projects – replacement investments and standard/ recurrent development projects, minor adaptations and purchases, accounting jointly for 58%, and
  • 40 were central projects – development and replacement investments of bigger size and higher complexity and risk, with a significant impact on the Company’s growth and implementation of its strategy, accounting jointly for 42%.

The total value of expenditures on development investments was PLN 1 052 m (22% up on the previous year).

Structure of capital expenditures on fixed tangible and intangible assets by project type

Local/Central

Unit

2011

2012

Local

m PLN

897

1 010

Central

m PLN

617

741

At the stage of studies and analyses

m PLN

0

7

Uncompleted development

m PLN

5

9

Total

m PLN

1 519

1 767

Structure of capital expenditures on fixed tangible and intangible assets by divisions

Divisions

Unit

2011

2012

Mining

m PLN

1 057

1 292

Metallurgy

m PLN

218

274

Other

m PLN

239

192

Uncompleted development

m PLN

5

9

Total

m PLN

1 519

1 767

Structure of capital expenditures on fixed tangible and intangible assets: development versus replacement

Replacement/Development

Unit

2011

2012

Replacement

m PLN

661

715

Development

m PLN

858

1052

Total                      

m PLN

1 519

1 767

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