The Group’s biggest financial investment in 2013 was the acquisition of the first tranche of shares of Aquis Exchange Limited for PLN 10.1 million (GBP 2.0 million). 

The Group’s total capital expenditure for property, plant and equipment and intangible assets amounted to PLN 78.7 million in 2013 compared to PLN 26.2 million in 2012, and included PLN 14.0 million of capital expenditure for property, plant and equipment in 2013 compared to PLN 13.5 million in 2012, and PLN 64.7 million of capital expenditure in intangible assets in 2013 compared to PLN 12.7 million in 2012.

• The capital expenditure for property, plant and equipment and intangible assets in 2013 and 2012 related mainly to the trading system UTP and investment in the IT infrastructure

The Group’s biggest financial investment in 2013 was the acquisition of the first tranche of shares of Aquis Exchange Limited for PLN 10.1 million (GBP 2.0 million). The acquisition was financed with WSE’s own funds. In 2012, the biggest financial investment was the acquisition of shares of PolPX for PLN 213.9 million. The investment in PolPX shares was fully financed with capital raised in the issue of series A and B bonds.

The Group’s expected capital expenditure for property, plant and equipment and intangible assets will be ca. PLN 21.1 million in 2014.

The value of (contracted) future investment commitments of WSE was ca. PLN 10.5 million at 31 December 2013.

In 2014, the amount of the Group’s capital expenditure for property, plant and equipment and intangible assets will be largely driven by the expenditure related to the implementation of the trading system UTP-Derivatives.