VINCI - 2008 annual report

Consolidated fi nancial statements
Contracting:
– Energy: electrical works and engineering, information and communication technology, heating ventilation and air conditioning engineering,
insulation.
– Roads: building and maintenance of roads and motorways, production of road-building materials, urban infrastructure, environmental work,
demolition and recycling.
– Construction: design and construction of buildings and infrastructure in the civil engineering sector, hydraulic works, multi-technical maintenance,
foundations, soil treatment and dredging.
The segment fi nancial information has been prepared using the same accounting rules as for the full fi nancial statements.
Transactions between the various business lines are carried out at market conditions.
1. Revenue
1.1 Breakdown of revenue by business line
(in € millions) 31/12/2008 31/12/2007 (*)
Change
2008/2007
Concessions 5,794.0 5,693.0 1.8%
Revenue from tolls and other services 4,781.4 4,573.7 4.5%
Construction of new infrastructure under concessions 1,012.6 (**) 1,119.3 (**) (9.5%)
Contracting 28,519.8 25,660.0 11.1%
Energy 4,614.3 4,300.7 7.3%
Roads 8,183.1 7,706.0 6.2%
Construction 15,722.4 13,653.2 15.2%
Eliminations and miscellaneous (383.4) (**) (478.6) (**) (19.9%)
Total 33,930.3 30,874.3 9.9%
(*) Restated in accordance with the change of accounting policy described in Note A.1.3 “Change of accounting policy: IFRIC 12 Service Concession Arrangements”.
(**) Including intra-group revenue in the contracting divisions from work for concession operating companies (€540.2 million at 31 December 2008, and €582.9 million at 31 December 2007).
1.2 Breakdown of revenue by geographical market
(in € millions) 31/12/2008 % 31/12/2007 (*) %
France 21,358.5 62.9% 20,131.7 65.2%
United Kingdom 2,279.1 6.7% 2,044.8 6.6%
Germany 1,762.6 5.2% 1,641.1 5.3%
Central and Eastern Europe (**) 2,468.4 7.3% 2,308.9 7.5%
Belgium 1,001.4 3.0% 826.3 2.7%
Spain 458.5 1.4% 361.6 1.2%
Other European countries 1,036.9 3.1% 888.6 2.9%
Europe (***) 30,365.4 89.6% 28,203.1 91.3%
including the European Union, for 29,857.2 88.0% 27,819.9 90.1%
North America 824.2 2.4% 720.5 2.3%
Africa 1,203.8 3.5% 858.8 2.8%
Rest of world 1,536.9 4.5% 1,091.9 3.5%
Total 33,930.3 100.0% 30,874.3 100.0%
(*) Restated in accordance with the change of accounting policy described in Note A.1.3 “Change of accounting policy: IFRIC 12 Service Concession Arrangements”.
(**) Albania, Belarus, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Latvia, Lithuania, Macedonia, Moldova, Poland, Romania, Russia, Serbia-Montenegro, Slovakia, Slovenia and Ukraine.
(***) Including the eurozone for €25,249 million at 31 December 2008 and €23,540 million at 31 December 2007.
Revenue arising in foreign countries amounted to €12,571.8 million in 2008, 17% more than in 2007 and represented 37.6% of the total,
excluding the construction of new infrastructure assets (compared with 35.4% in 2007).
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