VINCI - 2008 annual report

Balance sheet
(in € millions) Published
Consolidated fi nancial statements
31/12/2007 01/01/2007
Impact
IFRIC 12 Notes Restated Published
Impact
IFRIC 12 Restated
Assets
Concession intangible assets 25,060.6 (1,191.9) (1) 23,868.7 24,698.5 (1,138.8) 23,559.7
Goodwill 3,382.5 3,382.5 2,636.5 2,636.5
Other intangible assets 141.6 141.6 128.3 128.3
Property, plant and equipment 2,824.5 1,365.0 (2) 4,189.5 2,322.6 1,303.6 3,626.3
Investment property 52.6 52.6 47.3 47.3
Investments in associates 191.9 (1.8) 190.1 102.8 (1.5) 101.2
Other non-current fi nancial assets 562.3 57.5 (3) 619.8 348.2 63.6 411.8
Deferred tax assets 110.1 2.2 112.3 218.8 218.8
Total non-current assets 32,326.0 231.1 32,557.1 30,503.0 226.9 30,729.9
Inventories and work in progress 647.5 647.5 567.1 567.1
Trade and other operating receivables 11,101.3 11,101.3 9,503.1 9,503.1
Other current assets 288.4 288.4 241.0 241.0
Current tax assets 54.8 54.8 37.5 37.5
Other current fi nancial assets 232.2 1.6 (3) 233.9 158.1 1.4 159.5
Cash management fi nancial assets 665.0 665.0 1,223.2 1,223.2
Cash and cash equivalents 4,223.8 4,223.8 5,154.8 5,154.8
Current assets 17,213.2 1.6 17,214.8 16,884.8 1.4 16,886.2
Assets related to discontinued activities and other assets
held for sale 5.4 5.4
Total assets 49,544.5 232.7 49,777.2 47,387.8 228.3 47,616.1
Equity and liabilities
Share capital 1,214.9 1,214.9 1,176.6 1,176.6
Share premium 4,806.8 4,806.8 4,475.5 4,475.5
Treasury shares (1,102.2) (1,102.2) (178.4) (178.4)
Other equity instruments 490.6 490.6 490.6 490.6
Consolidated reserves 2,214.7 (89.1) 2,125.6 1,857.4 (83.4) 1,774.0
Minority interest 571.8 5.9 577.7 748.4 4.9 753.3
Total equity 8,196.7 (83.2) 8,113.5 8,570.1 (78.4) 8,491.7
Non-current provisions 1,067.2 (70.8) 996.4 1,015.0 (70.2) 944.7
Bonds 5,159.8 5,159.8 3,591.3 3,591.3
Other loans and borrowings 13,480.7 13,480.7 14,043.7 14,043.7
Other non-current liabilities 85.6 85.6 49.1 49.1
Deferred tax liabilities 2,453.4 (39.6) 2,413.7 2,612.7 (39.2) 2,573.5
Total non-current liabilities 22,246.7 (110.5) 22,136.2 21,311.8 (109.5) 21,202.3
Current provisions 2,003.0 426.4 (4) 2,429.4 1,655.9 416.2 2,072.1
Trade payables 6,553.4 6,553.4 5,554.1 5,554.1
Other current payables 7,594.9 7,594.9 6,428.7 6,428.7
Current tax payables 156.0 156.0 138.7 138.7
Current borrowings 2,792.6 2,792.6 3,728.6 3,728.6
Current liabilities 19,099.9 426.4 19,526.2 17,505.9 416.2 17,922.1
Liabilities related to discontinued activities and other
liabilities held for sale 1.3 0.0 1.3 0.0
Total equity and liabilities 49,544.5 232.7 49,777.2 47,387.8 228.3 47,616.1
(1) The impact of IFRIC 12 on concession intangible assets (see note (2)) at 31 December 2007 relates to ASF for –€522 million, to Cofi route for
–€308 million, to Escota for –€128 million and to VINCI Park for –€127 million.
(2) The impact of IFRIC 12 on property, plant and equipment relates to the reclassifi cation of concession operating assets that are not controlled
by the grantor but that are used in providing the public service.
(3) The impact of IFRIC 12 on other fi nancial assets (current and non-current) represents the fi nancial receivables recognised under the fi nancial
asset model for €59.1 million at 31 December 2007.
(4) The IFRIC 12 restatements of current provisions relate to the provisions for the obligation to maintain assets under concession in a good state
of repair, resulting from obligations for renewal and maintenance of infrastructures.
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