2013-vinci-annual-report

4. Capital employed by geographical area
(in € millions) France Germany
United
Kingdom Benelux Portugal
Other
European
countries
Total
Europe
North
America
Africa
Asia
Pacific
Latin
America
31 December 2013
Capital employed 26,456 206 284 431 2,990 375 30,741 437 (23) 112 102 31,369
Total
31 December 2012
Capital employed (*) 26,133 264 231 920 42 420 28,010 556 (35) 3 74 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.
Capital employed in the eurozone at 31 December 2013 was €30,237 million, of which 87% in France.
D. Notes to the income statement
5. Operating income
(in € millions) 2013 2012 (*)
Revenue (**) 40,338 38,634
Concession subsidiaries’ revenue derived from works carried out by non-Group companies 403 550
Total revenue 40,740 39,183
Revenue from ancillary activities 253 234
Purchases consumed (9,466) (9,433)
External services (5,377) (5,104)
Temporary employees (1,020) (994)
Subcontracting and concession operating companies’ construction costs (8,702) (8,014)
Taxes and levies (1,076) (1,052)
Employment costs (9,599) (9,272)
Other operating income and expenses from ordinary activities 46 39
Depreciation and amortisation (2,060) (1,877)
Net provision expense (70) (32)
Operating expenses from ordinary activities (37,323) (35,738)
Operating income from ordinary activities 3,670 3,679
% of revenue (**) 9.1% 9.5%
Share-based payments (IFRS 2) (86) (94)
Profit/(loss) of companies accounted for under the equity method 95 82
Other recurring operating items (2) 5
Recurring operating income 3,677 3,672
Goodwill impairment expense (28) (8)
Impact of changes in scope and gain/(loss) on disposals of shares 171 3
Other non-recurring operating items (53) –
of which non-recurring items in the income/(loss) of companies accounted for under the equity method (110) –
Total non-recurring operating items 90 (5)
Operating income 3,767 3,667
% of revenue (**) 9.3% 9.5%
(*) 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 concession subsidiaries’ revenue derived from works carried out by non-Group companies.
Change in the presentation of the consolidated income statement
From the period ended 31 December 2013 and in order to present its performance more effectively, the Group has decided to change the
presentation of its consolidated income statement by adding an intermediate item called “Recurring operating income” between operating
income from ordinary activities and operating income.
CONSOLIDATED FINANCIAL STATEMENTS 231
Operating income from ordinary activities measures the operating performance of Group subsidiaries before taking account of expenses
related to share-based payments (IFRS 2), the share of the income or loss of companies accounted for under the equity method, and other
recurring and non-recurring operating items. This item has not undergone any adjustment relative to previous periods.
Recurring operating income is intended to present the Group’s recurring operational performance excluding the impact of non-recurring
transactions and events during the period. It is obtained by adding the impacts associated with share-based payments (IFRS 2) and income/
losses from companies accounted for under the equity method to operating income from ordinary activities.