Capital expenditure

As in the prior year, investment in property, plant and equipment and intangible assets totaled EUR 39 million (2012: EUR 39 million).

Intangible assets mainly comprise software. The addition of EUR 13 million (2012: EUR 12 million) was mainly attributable to investment in software and user rights in connection with the continuous enhancement of the ERP system, comprising the industry solution SAP AFS and SAP Retail for the Group's own retail business.

The additions to property, plant and equipment of EUR 26 million (2012: EUR 27 million) partly relate to additions of land and buildings in Metzingen. In addition, the opening of eight new retail stores in Germany and Austria, together with the takeover of 25 shop-in-shops that had previously been operated by wholesale partners in Germany led to additional capital expenditure. In 2013, additional retail stores were opened, including in Berlin, Vienna and Innsbruck.

Existing obligations from investment projects that have commenced are reported in the annual financial statements of HUGO BOSS AG under "Other financial obligations" and amount to EUR 2 million as of December 31, 2012 (December 31, 2012: EUR 8 million).