VINCI - 2008 annual report

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Consolidated fi nancial statements 2007 (*) (in € millions) Concessions Energy Roads Construction Total 31 December 2007 Income statement 192 VINCI __ 2008 ANNUAL REPORT Contracting Holding companies & other activities Eliminations Total Revenue 5,693.0 4,300.7 7,706.0 13,653.2 25,660.0 558.3 (1,036.9) 30,874.3 including revenue realised by concession operators for the construction of new infrastructure by third parties, for 1,119.3 (582.9) (**) 536.4 Operating profi t from ordinary activities 1,751.2 229.5 391.7 668.3 1,289.5 76.8 3,117.5 % of revenue (***) 38.3% 5.3% 5.1% 4.9% 5.0% 13.8% 10.3% Operating profi t 1,739.6 198.4 375.2 632.0 1,205.6 65.5 3,010.7 Net profi t or loss from continuing operations 746.0 144.6 275.0 475.5 895.1 (63.2) 1,577.9 Net profi t attributable to equity holders of the parent 673.8 142.0 263.1 438.3 843.4 (62.2) 1,455.0 Cash fl ow statement Cash fl ows (used in) / from operations before tax and fi nancing costs 2,832.3 250.2 513.6 895.4 1,659.2 22.0 4,513.5 including net depreciation and amortisation, for 1,049.9 54.4 193.9 285.5 533.8 6.7 1,590.3 including net provisions, for 63.6 13.4 (0.2) 6.6 19.8 (24.5) 58.9 Net cash fl ows (used in) / from operating activities 1,555.9 252.6 429.8 1,328.9 2,011.3 14.5 3,581.7 Net cash fl ows (used in) / from investing activities (2,149.9) (178.2) (258.9) (852.5) (1,289.5) (226.3) (3,665.7) including net investments in operating assets, concession assets and PPP contracts, for (1,312.9) (50.0) (208.5) (423.0) (681.5) 30.4 (1,964.0) including net fi nancial investments, for (836.8) (130.8) (64.1) (470.5) (665.4) (229.0) (1,731.2) Net cash fl ows (used in) / from fi nancing activities 148.9 (56.2) (144.1) 77.5 (122.8) (819.8) (793.7) Change in net cash and cash equivalents (445.1) 18.3 26.8 553.9 599.0 (1,031.7) (877.7) Balance sheet Segment assets 28,471.3 2,288.0 3,838.2 8,872.9 14,999.2 391.8 43,862.3 Segment liabilities 1,631.4 2,227.1 3,287.7 9,097.4 14,612.1 334.2 16,577.7 Net fi nancial surplus (debt) (16,966.6) 515.0 599.6 1,478.2 2,592.8 (1,929.5) (16,303.3) Employees at 31 December 2007 15,872 31,852 39,804 70,455 142,111 645 158,628 (*) Restated in accordance with the change of accounting policy described in Note A.1.3 “Change of accounting policy: IFRIC 12 Service Concession Arrangements”. (**) Intra-group revenue of the contracting divisions from work for the Group’s concession operating companies. (***) % calculated using revenue excluding construction by third parties of new infrastructure under concession.
Reconciliation between segment information and fi nancial statements Consolidated fi nancial statements (in € millions) 31/12/2008 31/12/2007 (*) Segment assets Concession intangible assets 24,059.2 23,868.7 Goodwill 3,578.9 3,382.5 Other intangible assets 177.3 141.6 Property, plant and equipment and investment property 4,625.6 4,242.1 Investments in associates 165.9 190.1 Inventories and work in progress 786.4 647.5 Trade and other operating receivables 11,561.5 11,101.3 Other current assets 325.6 288.4 Segment assets 45,280.4 43,862.3 Segment liabilities Current provisions 2,672.4 2,429.4 Trade payables 6,803.8 6,553.4 Other current payables 8,574.0 7,594.9 Segment liabilities 18,050.2 16,577.7 (*) Restated in accordance with the change of accounting policy described in Note A.1.3 “Change of accounting policy: IFRIC 12 Service Concession Arrangements”. . 193
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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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Report of the Board of Directors 1.
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Report of the Board of Directors Eu
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Report of the Board of Directors Di
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Report of the Board of Directors te
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Report of the Board of Directors In
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Report of the Board of Directors Do
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Report of the Board of Directors VI
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Report of the Board of Directors Vi
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Report of the Board of Directors CO
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Report of the Board of Directors Ev
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Report of the Board of Directors -
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Page 170 and 171: Consolidated fi nancial statements
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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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VINCI - 2008 annual report

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