2013-vinci-annual-report

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31 December 2013 31 December 2012 Consolidation method VINCI’s percentage holding Consolidation method VINCI’s percentage holding Entrepose Contracting FC 100.00 FC 100.00 Entrepose Projets FC 100.00 FC 100.00 Spiecapag FC 100.00 FC 100.00 Geocean FC 100.00 FC 100.00 Entrepose Services FC 100.00 FC 100.00 Cofor FC 95.01 FC 95.01 Geostock FC 90.00 FC 90.00 VINCI Construction Grands Projets FC 100.00 FC 100.00 284 VINCI 2013 ANNUAL REPORT VINCI Construction Terrassement FC 100.00 FC 100.00 Dodin Campenon Bernard FC 100.00 FC 100.00 Central European subsidiaries Warbud (Poland) FC 99.74 FC 99.74 SMP CZ (Czech Republic) FC 100.00 FC 100.00 Prumstav (Czech Republic) FC 100.00 FC 100.00 VINCI Immobilier VINCI Immobilier FC 100.00 FC 100.00 Companies accounted for under the equity method EM: equity method 31 December 2013 31 December 2012 Consolidation VINCI’s method percentage holding Consolidation method VINCI’s percentage holding 1. CONCESSIONS VINCI Autoroutes Transjamaican Highway Ltd EM 12.59 EM 12.59 VINCI Concessions Motorway and road infrastructure (including bridges and tunnels) Aegan Motorway (Maliakos–Kleidi motorway, Greece) EM 13.75 EM 13.75 Gefrya (Rion–Antirion bridge, Greece) EM 57.45 EM 57.45 Olympia Odos (Elefsina–Corinth–Patras–Tsakona motorway, Greece) EM 29.90 EM 29.90 Coentunnel (Netherlands) EM 20.79 EM 27.60 Granvia (Slovakia) EM 50.00 EM 50.00 Via Solutions Thüringen (Germany) EM 50.00 EM 50.00 Via Solutions Südwest (Germany) EM 53.62 EM 50.00 Via Gateway Thüringen (Germany) EM 50.00 EM 50.00 SMTPC (Prado Carénage Tunnel, France) EM 33.29 EM 33.29 Tunnel du Prado Sud (France) EM 58.51 EM 58.51 Strait Crossing Development Inc (Confederation Bridge, Canada) EM 19.90 EM 18.80 MRDC Operations Corporation (Canada) EM 25.00 EM 25.00 Severn River Crossing (bridges over the River Severn, UK) EM 35.00 EM 35.00 Morgan VINCI Ltd (Newport bypass, UK) EM 50.00 EM 50.00 Hounslow Highways Ltd. (UK) EM 50.00 EM 50.00 Island Roads Ltd. (UK) EM 50.00 EM 50.00 Lusoponte (bridges on the Tagus, Portugal) EM 37.27 EM 37.27 NWCC - North West Concession Company (Moscow-St Petersburg motorway, Russia) (*) EM 50.00 (*) EM 38.75 WVB East End Partners (USA) EM 33.33 Railway infrastructure Locorail (Liefkenshoek railway concessions, Belgium) EM 28.03 EM 36.71 Synerail (France) EM 30.00 EM 30.00 Rhônexpress (France) EM 35.20 EM 35.20 LISEA (France) EM 33.40 EM 33.40 (*) 38.37% till 30 December 2013.
31 December 2013 31 December 2012 Consolidation VINCI’s method percentage holding Consolidation method VINCI’s percentage holding Stadiums Nice Eco Stadium (France) EM 50.00 EM 50.00 Stade Bordeaux Atlantique (France) EM 50.00 EM 50.00 Stade Dunkerque Arena (France) EM 50.00 EM 50.00 VINCI Airports ADP – Aéroports de Paris EM 8.00 SEARD - Rennes and Dinard airports (France) EM 49.00 EM 49.00 VINCI Park LAZ Parking (USA) EM 50.00 EM 50.00 Administradora Gaucha De Estacionamentos (Brazil) EM 50.00 Other concessions and holding companies BAMEO EM 50.00 2. CONTRACTING VINCI Energies VINCI Energies France Synerail Exploitation EM 40.00 EM 40.00 Evesa EM 26.00 EM 26.00 VINCI Energies International PMS (Germany) EM 33.30 EM 33.30 VINCI Facilities Ceritex EM 50.00 EM 50.00 Exprom (Morocco) EM 49.67 EM 49.67 Eurovia Eurovia France Carrières Roy EM 50.00 EM 50.00 GBA (Granulats de Bourgogne Auvergne) EM 30.00 EM 30.00 GDFC (Granulats de Franche-Comté) EM 40.00 EM 40.00 Eurovia International Bremanger Quarry (Norway) EM 23.00 EM 23.00 South West Highways (UK) EM 50.00 EM 50.00 Ringway Jacobs Ltd (UK) EM 50.00 EM 50.00 VINCI Construction Compagnie d’Entreprises CFE (Belgium) EM 12.11 FC 46.84 Soletanche Freyssinet Freyssinet SA (Spain) EM 50.00 EM 50.00 Grupo Rodio Kronsa (Spain) EM 50.00 EM 50.00 Soletanche Bachy CIMAS S.A (Colombia) EM 50.00 EM 50.00 VINCI Construction Grands Projets QDVC (Qatar) EM 49.00 EM 49.00 CONSOLIDATED FINANCIAL STATEMENTS 285
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ANNUAL REPORT 2013
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KEY FIGURES €40.3 billion REVENUE
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PROFILE VINCI is a global player in
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GROUP / 2013 ALBUM 03 Finalised in
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GROUP / 2013 ALBUM 05 Having built
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GROUP / 2013 ALBUM 07 includes Euro
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GROUP / 2013 ALBUM 09 Actemium, the
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GROUP / 2013 ALBUM 11 Launched duri
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GROUP / 2013 ALBUM 13 components, e
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GROUP / 2013 ALBUM 15 permanent tra
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CORPORATE GOVERNANCE Board of Direc
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04 05 2014 Management and Coordinat
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Milestones 02 01 VINCI’s drive to
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Our Group is multi-local and multi-
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DESIGN AND BUILD TOGETHER We commit
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PROMOTE GREEN GROWTH TOGETHER We co
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STRIVE FOR ZERO ACCIDENTS TOGETHER
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PROMOTE SUSTAINABLE CAREERS TOGETHE
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INNOVATING TO CREATE VALUE The Grou
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Return on investment in VINCI share
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CONCESSIONS VINCI AUTOROUTES VINCI
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Rail infrastructure Parking facilit
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Profile VINCI Autoroutes designs, b
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CREATING LONG-TERM VALUE VINCI AUTO
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01 Light-vehicle traffic on the int
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VINCI’s motorway concessions in F
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BUILDING AWARENESS A DIFFERENT ANGL
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01 The “100% worksite safety” a
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Miscellaneous Cofiroute USA, which
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Profile Through its three areas of
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NEW DIMENSION IN AIRPORTS VINCI CON
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01 Extension of the Siem Reap and P
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02 04 01 The East End Crossing proj
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VINCI Park’s competitive position
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continued to roll out the GSM-Rail
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ALLIANZ RIVIERA, NICE NOT JUST A ST
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Outlook the owner and granting auth
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CONTRACTING VINCI ENERGIES EUROVIA
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Profile VINCI Energies serves publi
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RESILIENCE AND NETWORK MOMENTUM VIN
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250 BUSINESS UNITS IN 15 COUNTRIES
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CERGY PONTOISE CREATING A LIGHTING
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02 03 04 01 In Belgium, Actemium im
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02 CONTRACTING / VINCI ENERGIES 83
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Profile Eurovia is a world leader i
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RESILIENT RESPONSE TO THE ECONOMIC
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CONTRACTING / EUROVIA 89 03 of 2013
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PEYROLLES EN PROVENCE TRANSFORMING
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03 02 04 01 In the United Kingdom,
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Outlook continued construction of 2
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Profile VINCI Construction, France
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GROWTH AND INTERNATIONAL DEVELOPMEN
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CONTRACTING / VINCI CONSTRUCTION 10
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02 03 01 In Lyon, eastern France, t
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SITA OUEDRAOGO, farmer “We had tr
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main activities focused on the SEA
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Outlook in Tajikistan, the new term
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Located within the Fortdissy.com cy
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General & financial elements 114 Re
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A. Report on the financial statemen
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Change in the presentation of the c
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1.3 Operating income from ordinary
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Cash flow from operations (Ebitda)
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2. Parent company financial stateme
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C. Risk factors Numerous internal a
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Regarding concessions operation, th
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3. Legal risks 3.1 Legal and regula
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5.2 Loss prevention and claims reco
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At its meeting of 5 February 2014,
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Yannick Assouad (*) Chief Executive
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Jean-Bernard Lévy (*) Chairman and
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3.1.2 Individual whose appointment
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3.3 Composition of the Board of Dir
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3.4 Personal situation of company o
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Audit Committee meetings dealt with
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3.7 Assessment of the composition a
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(a) Summary of remuneration due in
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4.1.4.3 Long-term incentive plan Mr
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5.2 Share subscription option plans
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The definitive granting of shares i
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1. Workforce-related information 1.
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Workforce at 31 December 2013 by ty
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1.4.2 Remuneration and social secur
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1.5.4 Collective agreements in 2013
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The gap between the accident freque
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The activity of Trajeo’h, an enti
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Group activities covered by ISO 140
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Total energy consumption (including
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Recycling has been a priority at Eu
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Eurovia also received SNB recogniti
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3. Social information 3.1 Regional,
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One of these prizes went to the Sou
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(see page 180), the environment and
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ˇˇ for environmental indicators:
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F. General information about the Co
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2.3 Movements of funds between the
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3.4 Treasury shares The disclosures
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The authorisations proposed to the
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We determined the nature and scope
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Report of the Chairman of the Board
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The business lines carry out their
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5. Actions undertaken to strengthen
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Report of the Vice-Chairman and Sen
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Consolidated financial statements T
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Consolidated financial statements K
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Consolidated balance sheet Equity a
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Consolidated statement of changes i
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2. Consolidation methods 2.1 Consol
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3.1.3 Measurement of share-based pa
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3.6.3 Group savings plans In France
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3.18 Impairment of non-financial no
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For defined benefit plans, the expe
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4.1 Consolidated income statement (
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4.4 Consolidated cash flow statemen
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ANA’s contribution to VINCI’s 2
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2. Other information by business li
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Reconciliation between capital empl
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4. Capital employed by geographical
Page 237 and 238: (in € millions) Cost of net finan
Page 239 and 240: 8. Earnings per share Basic earning
Page 241 and 242: 10. Goodwill Changes in the period
Page 243 and 244: 12. Property, plant and equipment (
Page 245 and 246: 14. Investments in companies accoun
Page 247 and 248: The fair value of non-current deriv
Page 249 and 250: 17.1 Share capital At 31 December 2
Page 251 and 252: The Shareholders’ Ordinary Genera
Page 253 and 254: Fair value of the performance share
Page 255 and 256: The retirement benefit obligations
Page 257 and 258: VINCI estimates the payments to be
Page 259 and 260: Employee training rights The French
Page 261 and 262: 21. Net financial debt At 31 Decemb
Page 263 and 264: Details of the Group’s main finan
Page 265 and 266: 21.2.2 Net cash managed Net cash ma
Page 267 and 268: 22. Financial risk management VINCI
Page 269 and 270: The following table shows the perio
Page 271 and 272: 22.3.4 Analysis of foreign currency
Page 273 and 274: 31/12/2012 Accounting categories (1
Page 275 and 276: Control and regulation of prices by
Page 277 and 278: 26. Concession and PPP contracts of
Page 279 and 280: 28. Contractual obligations and oth
Page 281 and 282: ˇˇEurovia CS, a subsidiary of Eur
Page 283 and 284: J. List of the main consolidated co
Page 285 and 286: 31 December 2013 31 December 2012 C
Page 287: 31 December 2013 31 December 2012 C
Page 291 and 292: 3. Specific verification We have al
Page 293 and 294: Income statement (in € millions)
Page 295 and 296: Cash flow statement (in € million
Page 297 and 298: Depreciation is calculated on a str
Page 299 and 300: 2. Financial assets Gross values (i
Page 301 and 302: Issues of shares during the period
Page 303 and 304: Liabilities at 31 December 2013 (in
Page 305 and 306: Other receivables 140 Cash manageme
Page 307 and 308: Five-year financial summary 2009 20
Page 309 and 310: Special report of the Statutory Aud
Page 311 and 312: 2. Agreements and commitments appro
Page 313 and 314: 4. Information incorporated by refe
Page 315: 11. Research and development, paten
Page 318: In accordance with Article 212-13 o
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