Capex and depreciation, amortisation and impairment losses, H1
€m
	MAIL		EXPRESS		GLOBAL FORWARDING, FREIGHT		SUPPLY CHAIN		Corporate Center/ Other		Continuing operations
	2009	2010	20091)	2010	20091)	2010	2009	2010	2009	2010	2009	2010
Capex	117	194	160	104	36	37	99	86	66	60	478	481
Depreciation, amortisation and impairment losses	170	141	216	192	57	49	164	151	134	108	741	641
Ratio of capex to depreciation, amortisation and impairment losses	0.69	1.38	0.74	0.54	0.63	0.76	0.60	0.57	0.49	0.56	0.65	0.75

Capex and depreciation, amortisation and impairment losses, Q2
€m
	MAIL		EXPRESS		GLOBAL FORWARDING, FREIGHT		SUPPLY CHAIN		Corporate Center/ Other		Continuing operations
	2009	2010	20091)	2010	20091)	2010	2009	2010	2009	2010	2009	2010
Capex	70	112	88	63	16	19	39	49	24	43	237	286
Depreciation, amortisation and impairment losses	86	72	106	103	29	25	84	77	68	46	373	323
Ratio of capex to depreciation, amortisation and impairment losses	0.81	1.56	0.83	0.61	0.55	0.76	0.46	0.64	0.35	0.93	0.64	0.89

In the first half of 2010, capex in the MAIL division increased from €117 million to €194 million. These investments related primarily to technical equipment and machinery (€71 million) as well as advance payments and assets under development (€60 million). The domestic mail business invested mainly in the replacement of technical equipment and machinery. Investments in the domestic parcel business focused primarily on sorting machines in the parcel centres.

In the EXPRESS division, capex totalled €104 million in the first half of 2010 (previous year, adjusted: €160 million). Here funds were principally allocated to regulatory aircraft maintenance, including advance payments and assets under development (€32 million). Regionally, we focused on Europe, where we upgraded terminals in Scandinavia, Italy and the Netherlands. In the Americas, we invested mainly in technical equipment and machinery and IT as part of the restructuring of our US express business. 

In the GLOBAL FORWARDING, FREIGHT division, €37 million was invested in the reporting period (previous year, adjusted: €36 million). The Global Forwarding business unit accounted for €24 million of this expenditure. Investments were made mainly in intangible assets (€10 million) and IT equipment (€4 million). A total of €13 million was invested in the Freight business unit, a year-on-year increase of €2 million. Of this amount, €11 million related to property, plant and equipment and €2 million to intangible assets. 

SUPPLY CHAIN capex amounted to €86 million. This represents a decrease of 13.1% on the same period in the previous year (€99 million), a result of our rigid controls on replacement investments and new projects. In the Americas, capex in the first half of 2010 focused mainly on new business projects in the Retail, Consumer and Automotive sectors. Customer-funded projects in the Retail and Energy sectors accounted for most of the replacement investments. In the UK, we continued to invest in warehousing and transport solutions for new and existing customers. Investments in other parts of Europe were limited to new and existing business solutions and essential replacements.

Cross-divisional capex continued to decline, dropping from €66 million in 2009 to €60 million in the first half of 2010. The purchase of vehicles and IT accounted for the highest share of expenditure. IT expenditure was down as a result of restructuring in 2009, whilst investments in vehicles were up.