Sophiane - 1998 annual report - Vinci
Sophiane - 1998 annual report - Vinci
Sophiane - 1998 annual report - Vinci
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In thousands of euros<br />
<strong>1998</strong> 1997<br />
OPERATING TRANSACTIONS<br />
Gross operating surplus/deficit -4,197 727<br />
Financial and exceptional transactions -5,422 -8,349<br />
Taxes and contributions -1,471 -371<br />
Allocations to and recoveries from short-term items 17,921 -9,076<br />
Operating cash flow 6,831 -17,069<br />
Net change in the working capital requirement -2,490 66,381<br />
Total (I) 4,341 49,312<br />
INVESTMENT TRANSACTIONS<br />
Capital expenditure -8,126 -6,251<br />
Disposals of fixed assets 2,318 3,940<br />
Net capital expenditure -5,808 -2,311<br />
Acquisition of investments -12,096 -1,158<br />
Disposal of securities 2,380 15,408<br />
Net financial investments -9,716 14,250<br />
Increase in other financial fixed assets -284 -6,343<br />
Decrease in other financial fixed assets 100 2,969<br />
Net change in other financial fixed assets -184 -3,374<br />
Total (II) -15,708 8,565<br />
FINANCING OPERATIONS<br />
Issues of parent company stock — —<br />
Net income/expense attributed to the parent company -5,258 16,172<br />
Movement in capitalisable advances 8,975 12,779<br />
Other long-term liabilities -83 -1,521<br />
Total (III) 3,634 27,430<br />
Cash flows for the financial year (I+II+III) -7,733 85,307<br />
Net financial surplus on January 1 213,972 139,050<br />
Impact of exchange rates, scope of consolidation and other 170 -10,385<br />
Change of accounting policy relating to capital leases -6,511 —<br />
Net financial surplus on December 31 199,898 213,972<br />
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