2013-vinci-annual-report

In both cases, a provision is recognised whenever an expense becomes probable. Income and expense relating to treasury shares (provisions
and gains or losses on disposal) are recognised under financial income/(expense).
9. Retirement benefit obligations
Provisions are recorded in the balance sheet in respect of the Company’s obligations to pay supplementary pensions to certain employees
or company officers, for the part relating to beneficiaries who are retired. An off-balance sheet commitment is recorded for the portion
relating to beneficiaries who have not yet retired.
Retirement benefit obligations (lump sums paid on retirement and supplementary retirement benefit plans) are measured using the prospective
actuarial method (the projected unit credit method) on the basis of external assessments made at each period end, for each existing
plan.
294 VINCI 2013 ANNUAL REPORT
10. Other provisions
Other provisions are intended to cover the risks arising from past or present events that are probable at the balance sheet date.
They are estimates as regards their amount and expected period of use.
11. Income tax
Under the group tax regime agreement between VINCI and those subsidiaries that are members of the tax group, tax savings made by the
tax group connected with the tax losses of some subsidiaries are recognised by the parent company as income for the period.
Provisions for tax taken and reversed are recorded here.
C. Notes to the balance sheet
1. Intangible assets and property, plant and equipment
Gross values
(in € millions) 31/12/2012 Acquisitions Disposals 31/12/2013
Concessions, patents and licences 8 – (0) 8
Total intangible assets 8 – (0) 8
Land 3 – (0) 3
Constructions 3 – (0) 3
Other property, plant and equipment and assets under construction 7 – (0) 7
Total property, plant and equipment 12 – (0) 12
Property, plant and equipment is used mainly for the Company’s operations or those of its subsidiaries. However, some properties are rented
to third parties.
Depreciation, amortisation and impairment
(in € millions) 31/12/2012 Expense Reversals 31/12/2013
Concessions, patents and licences 6 1 (0) 7
Total intangible assets 6 1 (0) 7
Property, plant and equipment
Constructions 2 – (0) 2
Other property, plant and equipment 6 – (0) 6
Total property, plant and equipment 7 1 (0) 8