FC Inv = CAPEX?

  1. Is there any difference between FC Inv = CAPEX ?

  2. Is CAPEX = Ending Fixed assets - Beginning Fixed Assets - Depreciation?

For all intents and purposes there is no practical difference, though this relates mostly to the challenge of separating the portion of CAPEX that is required for the maintenance of a company’s existing productive capacity (this is FCInv) versus those that represent new developments or an expansion of a company’s total capacity (CAPEX). What I’m trying to say, admittedly in a very confusing manner, is that technically there is a difference of sorts between the two, however from a practical perspective CAPEX and FCInv are seen to be one and the same.