VINCI - 2008 annual report

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Report by the Statutory Auditors on the examination of selected social indicators at VINCI level and of selected environmental indicators at the level of VINCI Energies and some VINCI Autoroutes companies for 2008. As requested by VINCI and in our capacity as Statutory Auditors, we have carried out an assurance engagement in order to provide a moderate assurance on some indicators (1) (the data) selected by VINCI for the year ended 31 December 2008, reported on pages 121-136 and shown by the symbol �. The social data was prepared under the responsibility of the VINCI human resources department and the environmental data under the responsibility of the sustainable development delegation in accordance with: – the users’ manual for the collection of Group social data; – the methodological guide for Group environmental reporting and the guide to the defi nitions and methods of use of the common indicators used in VINCI’s environmental reporting; referred to hereafter as “the guidelines”, which can be consulted at VINCI’s head offi ce and of which certain elements appear on page 146-147. It is our responsibility, based on the work performed to express our conclusions on this data based on our work. The conclusions expressed below apply solely to the data examined and not to the entire Social and Environmental report included in the Board of Directors report for 2008. Nature and scope of our work We planned and performed the assurance engagement described below to provide a moderate level of assurance that the selected data are free of material misstatement. A higher level of assurance would have required more extensive work. > We assessed the guidelines as to their relevance, reliability, understandability and completeness. > We interviewed site managers and holding company staff involved in the application of the guidelines. > We conducted detailed work on the basis of data available at: – 5 selected entities (2) for social data, representing 25.1% of the Group’s consolidated headcount; – 9 selected sites (3) for the environmental data of some VINCI Autoroutes companies, representing between 23.4% and 35.3% of consolidated data; and – 3 selected sub-divisions (4) for the environmental data of VINCI Energies, representing between 10.8% and 43.2 % of the VINCI Energies consolidated data. For these sites and entities, we conducted interviews on the understanding and application of the guidelines with the persons involved and, on the basis of sampling, we verifi ed the calculations, performed consistency checks and reconciled the data with documentary evidence. > Lastly, we verifi ed the consolidation of data at sub-group and holding company level. Information on the procedures We have the following comments to make on the reporting procedures: The Group’s social reporting system > The Group’s social reporting system and data collection tools have been fully assimilated by the persons participating to the reporting system. > The checks on data, which are described in the procedures, should be performed systematically at each consolidation level, in particular as regards the indicator of the number of training hours. > The data on the frequency and severity rates of VINCI employees’ work-place accidents involving time off work are monitored by means of: – the social reporting system, which we reviewed and did not fi nd any material anomalies; – a safety reporting system, which we did not review; – reconciliations should be made systematically between the two sets of data collected and variances should be justifi ed. Environmental reporting by VINCI Energies and some VINCI Autoroutes companies > The Group has continued its work on harmonising the guidelines, in particular in the VINCI Autoroutes companies that we reviewed. > The reporting procedures applied by the Group, VINCI Autoroutes and VINCI Energies should be added to and clarifi ed, in particular as regards how the scope of entities covered by the environment reporting system should be managed. Furthermore, reporting procedures applied by the Group and VINCI Energies should specify the checks to be made when collecting and consolidating data and provide more detailed defi nitions for some environmental indicators. > A calculation method should be defi ned in the specifi c procedures used by VINCI Autoroutes and VINCI Energies in order to make up for any lack of documentary proof. We have noted varied practices used to collect or estimate water and energy consumption when invoices have not yet been received. > Regarding VINCI Energies: – checks made on data should be strengthened at the level of the Division and the eighteen sub-divisions. To this end, a list of specifi c checks could be drawn up and applied systematically at sub-division level; – particular attention should be paid to the confi guration of the reporting tool, following the identifi cation of technical dysfunctions leading to loss of data in the event of changes in fi nancial structure. These anomalies were corrected following our work. 148 VINCI __ 2008 ANNUAL REPORT
Conclusion Based on our work, we did not identify any material anomalies likely to call into question the fact that the social and environmental data examined disclosed in the Social and Environmental report included in the Board of Directors report for 2008 and which are identifi ed in the report by the symbol � on pages 121-136, were established, in all material respects, in accordance with the guidelines mentioned. (1) Social indicators: workforce at 31 December; workforce by gender; number of hours of training, frequency and severity rates of VINCI employees’ work-place accidents involving time off work. VINCI Autoroutes environmental indicators: consumption of water purchased, electricity consumption, fuel consumption, heating oil consumption, household waste management. VINCI Energies environmental indicators: consumption of water purchased, electricity consumption, fuel consumption, heating oil consumption, percentage of revenue certifi ed ISO 14001. (2) VINCI Construction: GTM Bâtiment (France), CFE (Belgium); VINCI Concessions: Cofi route (France); VINCI Energies: Northern operational division (France) and the complete division. (3) Cofi route: operational centers at Chambray, Monnaie, Le Mans and Laval; ASF: districts of Orange and Valence, Montélimar center; Escota: Côte d’Azur sector and DEX maintenance department. (4) Eastern, south-west and German divisions. Deloitte & Associés Éric Dugelay Jean-Paul Picard Partner Partner Responsible for the Risk Management & Sustainable Development Department Neuilly-sur-Seine and Paris La Défense, 23 March 2009 KPMG Audit, Department of KPMG SA Philippe Arnaud Patrick-Hubert Petit Partner Partner Responsible for the Environment and Sustainable Development Department This is a free translation into English of the statutory auditors’ report issued in French and is provided solely for the convenience of English speaking users. This report should be read in conjunction with, and is constructed in accordance with, French laws and professional auditing standards applicable in France. 149
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2008 ANNUAL REPORT
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KEY FIGURES Revenue by business lin
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PROFILE VINCI, the world’s leadin
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Roads Ranked among the world’s le
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MESSAGE FROM THE CHAIRMAN YVES-THIB
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Our strategy is to maintain a balan
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MANAGEMENT AND CO-ORDINATION COMMIT
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12 GROUP VINCI __ 2008 ANNUAL REPOR
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22 22 GROUP CONCESSIONS VINCI __ 20
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24 04.02.2008 GROUND CONSOLIDATION
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28 02.04.2008 INVENTING TOMORROW’
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32 18.10.2008 COMPREHENSIVE SOLUTIO
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36 24.01.2009 MOBILISATION ON THE G
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BUSINESS REPORT 40. CONCESSIONS 62.
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CONCESSIONS PROFILE VINCI Concessio
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INFRASTRUCTURE MANAGED BY VINCI CON
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VINCI PARK REVENUE BY GEOGRAPHICAL
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PROJECTS UNDER NEGOTIATION Negotiat
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Operation Electronic toll collectio
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THE A11 ANGERS, AN ILLUSTRATION OF
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WOMEN MOVE INTO MAINTENANCE The pro
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FIRST MOBILITY HUB AT LA DÉFENSE A
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Following its complete overhaul, Si
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A MONUMENT OF MODERN GREECE Charila
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6161
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ENERGY PROFILE VINCI Energies is a
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Revenue Revenue by business line 23
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COMPREHENSIVE EQUIPMENT FOR THE THE
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6969
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ROADS PROFILE Eurovia is a world le
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Revenue Operating profi t from ordi
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LONG-HAUL SUPPLY CHAIN In materials
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7 77
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CONSTRUCTION PROFILE French market
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Revenue 15,722 13,653 Revenue by bu
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290 METRE SPAN ACROSS THE ABYSS The
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AN OUTSIZED PORT Refurbished and ex
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Americas > Panama Canal deepening a
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90 BUSINESS REPORT PROPERTY PROPERT
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Report of the Board of Directors Co
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Consolidated fi nancial statements
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Parent company fi nancial statement
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Notes to the fi nancial statements
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Persons responsible for the registr
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Registration document table of corr
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Agence Dominique Perrault Architect
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