Page 121 - KELAG Annual Report 2017
P. 121

The  company  implemented  an  extensive  investment  programme  in  the  financial  year  2017.  The  Group  invested
                    EUR 101.4m in property, plant and equipment and intangible assets (for example, electricity purchase rights). Investments
                    in property, plant and equipment focused on power plant projects in Austria and other countries and distribution grid

                    EUR 15.4m was invested in the area of power production in Austria. EUR 44.7m was spent on distribution grid facilities. A
                    further  EUR 22.1m  was  attributable  to  the  Heat  business  division  and  EUR 7.1m  to  Misc.  Abroad,  KELAG  invested
                    EUR 12.1m in the construction of hydroelectric projects in Bosnia and Herzegovina and in Kosovo.

                     Intangible assets                                                  15.1             29.6
                     Property, plant and equipment                                      86.2             85.7
                     TOTAL                                                             101.4            115.3

                    The company spent around EUR 27.5m on maintenance in the financial year 2017, which is included in various expense
                    items in the income statement.
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