Investment liabilities include liabilities related to the purchase of non-financial non-current assets. Initially, they are carried at fair value adjusted for transaction costs. Subsequently, they are measured at amortized cost. This applies to liabilities with a maturity of over 1 year for which the liability value corresponds to the amount that would be paid in a single cash transaction. The difference between this amount and the total payments is recognized as interest expense over the period of commercial credit. Liabilities with a maturity of up to 1 year are measured in the amount payable.
Structure of investment liabilities
| 31/12/2018 | 31/12/2017 | |
|---|---|---|
| Liabilities on the purchase of rolling stock | 234.3 | 51.5 |
| Liabilities on the purchase and modernization of real properties | 18.1 | 9.9 |
| Other | 35.0 | 17.7 |
| Total | 287.4 | 79.1 |
| Long-term liabilities | 109.8 | - |
| Short-term liabilities | 177.6 | 79.1 |
| Total | 287.4 | 79.1 |