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Registration Document BOUYGUES

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FULL-YEAR FINANCIAL REVIEW<br />

The 2011 full-year financial review, prepared pursuant to Article L. 451-1-2-I of the Monetary and Financial<br />

Code and Article 222-3 of the AMF General Regulation, comprises the following sections of the <strong>Registration</strong><br />

<strong>Document</strong>:<br />

Pages of the <strong>Registration</strong> <strong>Document</strong><br />

> Parent company financial statements 269-279<br />

> Consolidated financial statements 216-268<br />

> Management report 8-167, 190-212, 283-286<br />

> Statement by the person responsible for the <strong>Registration</strong> <strong>Document</strong> 314<br />

> Auditors' report on the parent company financial statements 287<br />

> Auditors' report on the consolidated financial statements 288<br />

MANAGEMENT REPORT<br />

The management report for 2011 prepared pursuant to Article L. 225-100 of the French Commercial Code<br />

is included in this <strong>Registration</strong> <strong>Document</strong>. It was approved by the Board of Directors at its meeting on<br />

28 February 2012. It contains the following information (unless otherwise stated, the numbers in brackets<br />

refer to the relevant articles of the Commercial Code):<br />

Pages of the <strong>Registration</strong> <strong>Document</strong><br />

> Review of the business, results and financial position of the company,<br />

its affiliates and companies under its control during the year<br />

(L. 225-100, L. 225-100-2, L. 232-1, L. 233-6, L. 233-26, R. 225-102) 8-21, 54-133<br />

> Dividends paid out in respect of the last three years (Article 243 bis of the General Tax Code) 9, 209<br />

> Foreseeable developments, outlook (L. 232-1-II, L. 233-26, R. 225-102) 17, 54-59, 70-76, 84-87, 100-103, 112-115, 133<br />

> Important events since the end of the year (L. 232-1-II, L. 233-26) 22-23<br />

> Research and development activities (L. 232-1-II, L. 233-26) 26-28, 48-50, 59-61, 63, 67, 69, 72, 76, 79-80,<br />

82, 87, 95, 107, 114-115, 127, 133<br />

> Key performance indicators of a non-financial nature (L. 225-100, L. 225-100-2) 29-50, 65-69, 81-83, 97-99,<br />

109-111, 123-127<br />

> Main risks and uncertainties (L. 225-100, L. 225-100-2) 136-155<br />

> Information about the company’s use of financial instruments (L. 225-100, L. 225-100-2) 147-148<br />

> Powers granted by the Annual General Meeting to the Board of Directors in connection<br />

with capital increases (L. 225-100) 205-206<br />

> Information liable to have an effect in the event of a tender offer (L. 225-100-3) 211-212<br />

> Employee shareholdings (L. 225-102) 8-9, 36, 199-200, 206<br />

> Remuneration of corporate officers (L. 225-102-1, L. 225-37) 190-198<br />

> Remits and functions performed by corporate officers (L. 225-102-1) 158-166<br />

> Summary of securities transactions carried out by senior executives<br />

(Article 223-26 of the AMF General Regulation, Article L. 621-18-2 of the Monetary and Financial Code) 203<br />

> Purchases and sales of treasury stock (L. 225-211) 207-208, 284-285<br />

> Changes to the presentation of full-year financial statements or the valuation methods used (L. 232-6) not applicable<br />

> Acquisitions of holdings in or control over companies having<br />

their registered office in France (L. 233-6) 21, 105, 117<br />

> Share ownership (L. 233-13) 9, 199-200<br />

> Controlled companies (L. 233-13) 8-9, 267-268<br />

> Company’s results in the last five years (R. 225-102) 209<br />

> Breakdown of trade payables (L. 441-6-1, D. 441-4) 212<br />

> Workforce information (L. 225-102-1, R. 225-104)<br />

- total headcount, hires (permanent and fixed-term contracts),<br />

recruitment, dismissals, overtime, temporary staff; 29, 33, 35-36, 41, 61-62, 68, 77-78, 91, 98, 110<br />

- redundancy and job preservation plans, outplacement measures,<br />

re-hires, support measures; 91<br />

- organisation and length of work time, absenteeism; 30-33, 62, 69, 83, 110-111, 126<br />

- pay and trends, social security contributions; 38, 69, 92, 98, 110<br />

- profit-sharing and company savings plans; 36, 69, 92, 111, 126<br />

- gender equality in the workplace; 32, 39-40, 62, 66, 68, 81, 83, 92, 98, 110, 120, 124, 126<br />

- workforce relations, collective agreements; 30, 34, 38, 63, 83, 111<br />

- health and safety; 30-32, 60-62, 64, 66, 68-69, 77, 83, 93-94, 99,<br />

111-112, 120, 123, 126<br />

- training; 37, 42, 62, 66, 69, 77, 81, 83, 92, 98, 109, 111, 124, 126<br />

- employment and integration of disabled workers; 39, 62-63, 66, 68, 78, 81, 83, 92, 120, 124, 126<br />

- social services; 38, 47, 68-69, 77-78, 83, 96, 106, 109, 111, 121, 124-125<br />

- extent of subcontracting; 136, 146<br />

- way in which the company takes account of the territorial impact<br />

of its activities in terms of employment and regional development; 26-28, 32, 46-48, 64, 68, 77-80, 82, 90-91,<br />

93, 106, 108-109<br />

- relations between the company and integration associations,<br />

educational institutions, environmental protection associations,<br />

consumer associations and local residents; 26-28, 30, 32, 46-47, 63-65, 68, 77-80, 82, 90-91, 93,<br />

97, 99, 106, 108-110, 112, 119, 121, 123-124<br />

- way in which the company promotes the provisions<br />

of ILO core conventions to subcontractors and ensures compliance<br />

with them by its affiliates; 26, 28-29, 33, 49-50, 62-65, 68, 79-80, 92,<br />

108-109, 111, 118-119, 123, 127<br />

- way in which the company’s foreign affiliates take account of the impact<br />

of their activities on regional development and local people. 26, 30, 46, 62, 64-65, 68, 80, 82, 91, 94, 97, 109, 124<br />

> Environmental information (L. 225-102-1, R. 225-105)<br />

- consumption of water, raw materials and energy,<br />

measures taken to improve energy efficiency and use<br />

of renewable energy sources; 26-28, 43-45, 48-49, 56, 59-61, 65, 67, 69, 72-73, 75-76,<br />

78-79, 81, 83, 92-95, 97, 99, 109-112, 121-122, 125, 127<br />

- conditions of soil use, discharges into the atmosphere,<br />

water and soil that seriously affect the environment,<br />

noise and smells, waste; 26-28, 43-45, 59-61, 63, 65, 67, 69, 72, 76, 78, 80, 83,<br />

92-95, 97, 99, 111, 121-122, 125-127, 132<br />

- steps taken to limit damage to the biological balance,<br />

the natural environment and protected species<br />

of flora and fauna; 26-28, 43-45, 48-49, 59-61, 65, 67, 69, 72, 76,<br />

92-95, 97-99, 121-122, 125-132<br />

<strong>BOUYGUES</strong> • 2011 <strong>Registration</strong> <strong>Document</strong> • ADDITIONAL INFORMATION • Concordance • 312

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