2013-vinci-annual-report

Reconciliation between capital employed and the financial statements
The definition of capital employed is non-current assets less working capital requirement (including current provisions) (see Note E.20
“Working capital requirement and current provisions”) and less tax payable.
(in € millions) Note 31/12/2013 31/12/2012 (*)
Capital employed – Assets
Concession intangible assets 9 25,601 23,500
- Deferred tax on ASF and ANA fair value adjustments (1,675) (1,763)
Goodwill, gross 10 7,091 6,682
Other intangible assets 417 437
Property, plant and equipment 12 4,541 4,746
Investment property 9 11
Investments in companies accounted for under the equity method 14 1,265 806
Other non-current financial assets 15 1,304 1,646
- Collateralised loans and receivables (at more than one year) (2) (2)
- Derivative non-current financial instruments (assets) 15 (562) (756)
Inventories and work in progress 969 1,016
Trade and other receivables 10,993 10,979
Other current operating assets 4,469 4,505
Other current non-operating assets 26 35
Current tax assets 76 87
Total capital employed – Assets 54,521 51,929
Capital employed – Liabilities
Current provisions (3,670) (3,508)
Trade payables (7,493) (7,604)
Other current operating liabilities (11,308) (11,306)
Other current non-operating liabilities (**) (505) (542)
Current tax liabilities (176) (361)
Total capital employed – Liabilities (23,153) (23,321)
Total capital employed 31,369 28,608
(*) Amounts adjusted in line with the change in accounting method arising from the application of IAS 19 Amended “Employee Benefits”, described in Note A.4.
(**) Excluding the undertaking to buy out the 16.67% non-controlling stake in Cofiroute (€800 million).
CONSOLIDATED FINANCIAL STATEMENTS 229