VINCI - 2008 annual report

Consolidated fi nancial statements
12. Property, plant and equipment
(in € millions)
Gross
208 VINCI __ 2008 ANNUAL REPORT
Concession
operating fi xed
assets Land Buildings
Plant, equipment and
fi xtures Total
1/1/2007 (*) 2,649.1 405.1 884.0 4,337.0 8,275.1
Acquisitions as part of business combinations 0.1 18.9 91.0 650.0 760.0
Other acquisitions in the year 212.7 22.2 157.3 665.3 1,057.5
Disposals and retirements during the year (58.8) (14.4) (45.9) (344.0) (463.2)
Currency translation diff erences 0.3 (2.0) (32.5) (34.2)
Other movements (4.0) (9.0) (88.3) 1.0 (100.4)
31/12/2007 (*) 2,799.0 422.9 996.2 5,276.8 9,495.0
Acquisitions as part of business combinations 18.4 45.5 185.1 249.0
Other acquisitions in the year 235.7 27.3 202.6 723.2 1,188.9
Disposals and retirements during the year (67.2) (7.3) (24.9) (356.4) (455.8)
Currency translation diff erences 0.3 (7.0) (8.7) (79.8) (95.1)
Other movements (81.6) 4.5 (109.6) 57.8 (128.8)
31/12/2008 2,886.3 459.0 1,101.1 5,806.6 10,253.1
Depreciation and impairment losses
1/1/2007 (*) (1,345.4) (77.0) (348.2) (2,878.1) (4,648.9)
Cumulative depreciation recognised as part of business combinations (0.1) (1.0) (26.2) (422.9) (450.2)
Other depreciation for the year (140.4) (8.8) (38.7) (483.8) (671.8)
Impairment losses (0.2) (2.3) (0.9) (4.8) (8.2)
Reversals of impairment losses 4.9 1.7 1.2 3.2 11.0
Disposals and retirements during the year 47.7 3.9 21.8 311.7 385.1
Currency translation diff erences (0.5) 0.3 17.8 17.6
Other movements (0.5) 3.9 1.0 55.5 59.9
31/12/2007 (*) (1,434.1) (80.2) (389.8) (3,401.4) (5,305.5)
Cumulative depreciation recognised as part of business combinations (0.1) (7.5) (116.7) (124.4)
Other depreciation for the year (136.5) (9.5) (43.8) (568.5) (758.3)
Impairment losses (0.3) (3.0) (0.8) (7.2) (11.3)
Reversals of impairment losses 0.5 0.3 0.7 2.1 3.4
Disposals and retirements during the year 64.1 2.4 14.4 331.2 412.1
Currency translation diff erences (0.1) 1.3 2.9 42.0 46.1
Other movements 46.6 (3.0) 3.0 21.1 67.7
31/12/2008 (1,459.8) (91.9) (421.0) (3,697.4) (5,670.2)
Net
1/1/2007 (*) 1,303.6 328.0 535.7 1,458.9 3,626.3
31/12/2007 (*) 1,365.0 342.7 606.4 1,875.4 4,189.5
31/12/2008 1,426.5 367.1 680.1 2,109.2 4,582.9
(*) Restated in accordance with the change of accounting policy described in Note A.1.3 “Change of accounting policy: IFRIC 12 Service Concession Arrangements”.
This item includes assets under construction not yet in service for €567.2 million at 31 December 2008 (compared with €438.6 million at
31 December 2007).
At 31 December 2008, assets acquired under fi nance leases amounted to €213.6 million compared with €142.1 million at 31 December 2007.
They are mainly related to property used in operations. The payments relating to these assets are shown in Note E.22.1 “Detail of long-term
fi nancial debt”.