2013-vinci-annual-report

E. Notes to the balance sheet
9. Concession intangible assets
236 VINCI 2013 ANNUAL REPORT
(in € millions)
VINCI
Autoroutes
VINCI
Airports
VINCI
Park
Other
infrastructure
Total
concessions
Other
concessions
Gross
01/01/2012 28,307 183 1,161 616 30,267 4 30,271
Acquisitions during the period (*) 848 53 20 2 923 – 923
Disposals during the period (2) (3) (22) (1) (27) – (27)
Currency translation differences – (4) 2 – (2) – (2)
Changes in scope and other 13 (4) (39) (418) (448) (0) (448)
29,166 225 1,121 200 30,713 4 30,717
Grants received (2) (19) – (1) (22) – (22)
31/12/2012 29,164 206 1,121 199 30,690 4 30,694
Acquisitions during the period (*) 509 64 19 1 594 2 595
Disposals during the period (3) (4) (15) (0) (22) – (22)
Currency translation differences – (9) (1) – (10) – (10)
Changes in scope and other 119 2,549 23 2 2,693 – 2,693
29,789 2,807 1,147 201 33,944 6 33,950
Grants received (25) (14) – (0) (39) – (39)
31/12/2013 29,764 2,793 1,147 201 33,905 6 33,911
Total
Amortisation and impairment losses
01/01/2012 (5,479) (64) (577) (225) (6,346) (3) (6,349)
Amortisation in the period (947) (12) (34) (17) (1,010) (0) (1,010)
Impairment losses – (1) (8) (11) (20) – (20)
Reversals of impairment losses – – 2 – 2 – 2
Disposals during the period 1 – 18 1 19 – 19
Currency translation differences – 1 (1) – 1 – 1
Other movements (0) – 16 147 163 – 163
31/12/2012 (6,425) (76) (584) (106) (7,191) (3) (7,194)
Amortisation in the period (1,050) (30) (34) (10) (1,124) (0) (1,125)
Impairment losses – (1) (5) – (7) – (7)
Reversals of impairment losses – – 2 – 3 – 3
Disposals during the period – – 12 – 13 – 13
Currency translation differences – 3 – – 4 – 4
Other movements – (0) (3) – (3) – (3)
31/12/2013 (7,475) (104) (611) (116) (8,306) (4) (8,310)
Net
01/01/2012 22,828 119 583 391 23,921 1 23,921
31/12/2012 22,740 130 538 92 23,499 1 23,500
31/12/2013 22,289 2,689 536 85 25,599 2 25,601
(*) Including capitalised borrowing costs.
Investments for the period, excluding capitalised borrowing costs, amounted to €576 million (€852 million in 2012). They include investments
by the ASF group for €377 million (€648 million in 2012), and by Cofiroute for €109 million (€128 million in 2012).
During 2013, the amount entered in the “Changes in scope and other” item relates mainly to the acquisition of control over ANA. ANA’s
concession intangible assets amounted to €2,545 million 31 December 2013. They relate to the rights arising from concession contracts on
the 10 airports in Portugal (see Note B.1 “Acquisition of ANA”). This figure is subject to change until work to allocate the purchase price has
been completed.
Concession intangible assets include assets under construction for €861 million at 31 December 2013 (€2,179 million at 31 December 2012).
These relate mainly to VINCI Autoroutes subsidiaries (€735 million including €317 million for ASF, €292 million for Escota and €125 million
for Cofiroute). The fall in assets under construction relates partly to the new section of the new Balbigny–La Tour de Salvagny section of the
A89 between Lyon and Bordeaux coming into service on 21 January 2013.
The main features of concession and PPP contracts reported using the intangible asset model or the bifurcated model are described in Note
F “Note on the main features of concession and PPP contracts”. The main commitments related to these contracts are mentioned in Note
F.24.2 “Commitments made under concession contracts – intangible asset model”.