Planned capital expenditure program


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Planned capital expenditure program

Budgeted or projected outlays for major expenditures on permanent or fixed assets as outlined in the corporate financial plan.

Capital Budget

A plan for a company's capital expenditures. Capital expenditures are payments made over a period of more than one year. They are used to acquire assets or improve the useful life of existing assets; an example of a capital expenditure is the funding to construct a factory. Making a capital budget must account for the potential profitability of the plans involved. Calculating the net present value or the internal rate of return are two methods for determining a capital budget.
References in periodicals archive ?
The more critical concern is whether a prolonged crude supply disruption will adversely impact the refinery's planned capital expenditure program (Clean Fuels Program) needed to comply with recently enacted low sulfur gasoline and diesel regulations.
The increased aggregate available credit together with Royal's cash flows are expected to support the planned capital expenditure program of $250-300 million per year for each of the next three years, including small and mid-sized acquisition, joint venture and start-up opportunities as they arise.
With reduced debt levels and a large base of exploration and development opportunities, the Company has enhanced its planned capital expenditure program for 1997.
The Company expects to replace the Dunvegan production as a result of its planned capital expenditure program expected to begin in the second half of 1995.