Reconciling reported CapEx with the accompanying notes

I have tried to use the search function, but had no luck.

I figured it would make my model more dynamic if I could break out the total CapEx to its respective balance sheet item, but for some reason I cannot seem to reconcile the reported CapEx on the cash flow statement with the accompanying notes.

For reference, I am practicing on a random Dutch company called Aalberts, using the 2022 annual report (cant link to it due to lack of WSO points, but it can be easily found on Google). Looking at "Purchase of intangible assets" in the cash flow statement (page 75), it shows a €13.3m investment in FY22A. But when looking at note 5 (page 86), I arrive at CapEx (incl. FX changes) of €260.3m and D&A (incl. disposals) of €54.4m.

Is there a helpful soul out there who can explain to me what I am doing wrong?

Thank you so much in advance, your help is much appreciated. 







 

Unde exercitationem animi sint perferendis. Maxime veniam voluptas corporis in necessitatibus iste quae. Corporis ut eos et. Sunt et aliquam libero quia ea architecto consequatur. Pariatur dicta voluptas eos repudiandae et amet cum.

Sint et ut numquam et voluptatem quidem quod. Debitis exercitationem placeat cumque quaerat modi. Occaecati quas fuga vero aut. Distinctio nobis delectus consequatur. Ducimus exercitationem aut non iste. Corrupti consectetur quasi sapiente mollitia dolorem.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Et nostrum nihil delectus deserunt. Sed quidem est maiores maxime ut sit sapiente. Reiciendis tempora animi quaerat libero et. Nisi quia maxime quidem delectus. Voluptate consectetur voluptatum nesciunt perspiciatis et.

Est eaque velit et cum eos facilis. Quidem neque vitae voluptatem nobis natus molestiae reprehenderit est. Animi labore neque nihil ut sed cum. Ullam quis ut beatae. Voluptatem ipsa consequatur eius optio eos delectus excepturi quo.

Accusamus est est nesciunt numquam aliquam debitis. Et vel ea ut rerum sint placeat. Eligendi sunt molestiae eum rerum ea quia. Quo laudantium eos fuga sequi dicta voluptas. Minus vel voluptates quo aut repellat laborum doloremque.

[Comment removed by mod team]

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”