2013-vinci-annual-report

Employee training rights
The French act of 4 May 2004 gives employees of French businesses the right to a minimum of 20 hours of training a year, which can be
carried forward and accumulated over a period of six years. Expenditure under this individual right to training is considered as an expense
for the period and does not give rise to the recognition of a provision, except in exceptional cases. The Group’s employees had acquired
rights to 9.2 million hours of such training at 31 December 2013.
20. Working capital requirement and current provisions
20.1 Change in working capital requirement
(in € millions) 31/12/2013 31/12/2012
Changes in
operating WCR Other changes
Inventories and work in progress (net) 969 1,016 25 (71)
Trade and other receivables 10,993 10,979 420 (406)
Other current operating assets 4,469 4,505 318 (354)
Inventories and operating receivables (I) 16,431 16,500 763 (831)
Trade payables (7,493) (7,604) (303) 413
Other current operating liabilities (11,308) (11,306) (383) 381
Trade and other operating payables (II) (18,802) (18,910) (686) 794
Working capital requirement
(excluding changes in current provisions) (I + II)
(2,371) (2,410) 77 (37)
Change
Current provisions (3,670) (3,508) (86) (76)
of which part at less than one year of non-current provisions (249) (221) (40) 12
Working capital requirement
(including changes in current provisions)
(6,041) (5,918) (10) (113)
Current operating assets and liabilities break down as follows:
Within 1 year
Maturity
(in € millions) 31/12/2013 1 to 3 months 3 to 6 months 6 to 12 months
Between
1 and 5 years After 5 years
Inventories and work in progress (net) 969 471 61 103 334 –
Trade and other receivables 10,993 9,559 676 423 320 14
Other current operating assets 4,469 3,885 178 249 148 9
Inventories and operating receivables (I) 16,431 13,915 915 775 803 24
Trade payables (7,493) (6,676) (397) (221) (181) (19)
Other current operating liabilities (11,308) (9,992) (440) (486) (302) (89)
Trade and other operating payables (II) (18,802) (16,668) (837) (707) (483) (108)
Working capital requirement connected
with operations
(I + II) (2,371) (2,752) 78 68 320 (84)
Within 1 year
Maturity
(in € millions) 31/12/2012 1 to 3 months 3 to 6 months 6 to 12 months
Between
1 and 5 years After 5 years
Inventories and work in progress (net) 1,016 498 87 93 333 4
Trade and other receivables 10,979 9,281 712 567 408 10
Other current operating assets 4,505 3,512 230 412 343 9
Inventories and operating receivables (I) 16,500 13,291 1,030 1,071 1,084 23
Trade payables (7,604) (6,591) (470) (313) (220) (10)
Other current operating liabilities (11,306) (9,193) (572) (694) (763) (85)
Trade and other operating payables (II) (18,910) (15,783) (1,042) (1,007) (982) (95)
Working capital requirement connected
with operations
(I + II) (2,410) (2,492) (12) 64 102 (72)
CONSOLIDATED FINANCIAL STATEMENTS 255