A N N U A L R E P O R T - Bouygues

NOTE 10: DETAILS OF AMOUNTS INVOLVING RELATED
COMPANIES
Assets
Long-term investments 6,903 Debt
Amount Amount
Liabilities
Trade debtors 17 Trade creditors 3
Other debtors 226 Other creditors 7
Cash and current accounts
Bank overdrafts and current
accounts
1,823
Total 7,146 Total 1,833
Expenses
Income
Operating expenses 8 Operating income 62
Financial expenses 23 Financial income 377
Income tax expense Income tax credits 189
Total 31 Total 628
NOTE 11: FINANCIAL INSTRUMENTS
11.1 Interest rate hedges
Amount outstanding at 31 December 2005
by maturity
Interest rate swaps
2006
2007
- 2010
After
On financial assets 300 300
On financial liabilities 200 200
11.2 Currency hedges
Amount outstanding at 31 December 2005
by currency
Forward currency contracts
Forward purchases
Forward sales
Total
CHF GBP USD Other Total
Currency swaps 37 37
11.3 Options
CALLS: At 31 December 2005, Bouygues SA held 5,339,650 call options on Bouygues shares (€51.3 million)
and 0.358 calls in connection with the Bouygues Confiance 2 plan (immaterial).
NOTE 12: OFF BALANCE SHEET COMMITMENTS
Commitments given (contingent liabilities)
Amount of
guarantee
Acquisitions of Bouygues SA shares 11
Retirement benefit obligations 7
Other commitments given
(1)
497
Total 515
Commitments received (contingent assets)
Other commitments received
(1)
497
Total 497
(1) gross value of the BNP Paribas put option for Bouygues Telecom shares, valuation as at 21 June 2005
of which
related
companies
In the past, before the construction business was spun off into separate subsidiaries, Bouygues SA
issued performance bonds in connection with its ordinary activities. Some of these performance bonds
have been retained by the company, although the contracts were executed by its subsidiaries; they are
not quantified or disclosed specifically unless they are liable to result in the Group being obliged to
make a payment.
In such cases, a provision is recorded to cover the amount involved.
NOTE 13: SALES
Sales recorded by Bouygues SA mainly comprise shared costs recharged to subsidiaries.
The market value of the portfolio of hedging instruments at 31 December 2005 was + €11.9 million
216