Page 129 - Annual Report KELAG Group 2018
P. 129

The  company  implemented  an  extensive  investment  programme  in  the  financial  year  2018.  The  Group  invested
                    EUR 117.5m 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
                    facilities. EUR 20.1m was invested in the area of power production in Austria. EUR 56.3m was spent on distribution grid
                    facilities. A further EUR 22.9m was attributable to the Heat business division and EUR 9.3m to Misc. Outside Austria, KELAG
                    invested EUR 8.8m in the construction of hydroelectric projects in Montenegro and Kosovo as well as in a wind power
                    project in Croatia.

                     Intangible assets                                                  10.3             15.1
                     Property, plant and equipment                                     107.2             86.2
                     TOTAL                                                             117.5            101.4

                    The company spent around EUR 29.1m on maintenance in the financial year 2018, which is included in various expense
                    items in the income statement.

                     Production facilities, Austria                                      4.9              4.6
                     Grids                                                              15.2             14.6
                     Heat                                                                4.8              5.3
                     Other                                                               4.2              3.0
                     TOTAL                                                             29.1              27.5
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