VINCI - 2005 annual report

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PASSPORT TO EMPLOYMENT: TRAINING CERTIFICATION At the second Trophées de l’Insertion des Jeunes en Entreprise (young people recruitment awards) held in May 2005 under the patronage of the French Ministry of Employment, Social Cohesion and Housing, and the French Senate, Sogea Construction received the business category award for its Passport to Employment programme. The programme, which has been recruiting young people through work-andstudy programmes since 2001, was set up at the Archères wastewater treatment plant (above) in the Paris region. The young trainees received their vocational aptitude certifi cates there in May 2005. Bottom left. VINCI has organised many initiatives to acquaint young people with the jobs available in the construction industry under the aegis of the French Ministry of Education: presentations in junior secondary schools, workshops organised for teachers and careers advisers, participation in job forums such as, a above, the “Acteur de ton avenir” (take charge of your future) forum in Paris. Bottom right. Fadela Amara, member of HALDE (the French anti-discrimination and equal opportunities authority), was a guest speaker at the seminar for VINCI human resources managers in October 2005. 116 VINCI 2005 ANNUAL REPORT
DEVELOPING SKILLS VINCI’s training approach combines decentralised organisation and a strong commitment to developing synergies within the Group. Almost 2 million hours of training were organised across all VINCI entities in 2005, up 23% compared with 2004. Each business line has developed internal training centres (see table below) adapted to its particular activities. External training institutions are used to complement the programmes organised internally by subsidiaries, focusing mainly on technical subjects and management. In France, VINCI companies are gradually implementing the law on the individual’s right to vocational training (DIF) for their employees. Group companies also participate in the development of targeted training programmes in partnership with specialised organisations. In France, Sogea Construction delivers technical training for students preparing the new civil engineering and pipe systems high school diplomas. GTM Construction has signed a partnership agreement with the French Ministry of Education to welcome teachers to its training centres. Every year, Eurovia provides training to dozens of young people without qualifi cations at its Gevrey-Chambertin centre, near Dijon. Its programmes lead to an initial diploma in civil engineering recognised by the French Ministry of Education. In the Czech Republic, SSZ, a Eurovia subsidiary, participated in the creation of a common apprenticeship centre for the road industry in 2005. In the Netherlands, Actemium (VINCI Energies) has developed a theoretical and practical training module in partnership Development of internal training centres Training centres with four electricity and industrial automation training institutes in the Eindhoven area. This programme, designed for engineering students and technicians, consists of nine online training modules (Web Based Learning Industrial Automation). It is supplemented by practical sessions on installation commissioning (Edulab) using automated systems made available on company premises. VINCI’s senior managers are invited to follow cross-business training programmes at the VINCI Academy (“Entretiens de VINCI” lecture-debates and the Management Forum). Specifi c programmes are offered to managers in the different business lines. To that end, Eurovia has set up an international management centre at its Bordeaux- Mérignac R&D centre. CAREER DEVELOPMENT OPPORTUNITIES Since VINCI operates in a wide variety of businesses in more than 80 countries, it can offer interesting career opportunities to its employees. The job mobility and training requests expressed during annual appraisal meetings are taken into account with a view to reconciling personal development objectives with the company’s own goals. The job mobility section of the VINCI intranet site lists all opportunities by job type, region and business unit. The Jobs and Careers Observatory made available to human resources departments identifi es possible transfers between different jobs and facilitates mobility within the Group. In 2005, 1,676 employees benefi ted from internal transfers. Inter-company twinning also encourages job mobility, by allowing exchanges Sogeform / Sogea Césame (know-how and trades centre) GTM Construction VINCI Park School VINCI Airports School GIRF (road industry training centre) at Gevrey-Chambertin, Eurovia VINCI Energies Academy A RESPONSIBLE GROUP / SOCIAL RESPONSIBILITY Business line Construction Construction Concessions Concessions Roads Energy of employees and the transfer of skills between French and international teams. In June 2005, the charter signed by GTM Construction’s Sud division and the Indian Ocean regional divisions of VINCI Construction Filiales Internationales brought the total number of twinning charters within the Group to fi ve. FOSTERING EQUAL OPPORTUNITIES Equal opportunities was the central theme of the senior management convention in 2005. It is also a priority in VINCI’s social responsibility policy. VINCI’s goal is to combine its business model with a humanistic approach, acting as a fully responsible operator in phase with the expectations of the society within which it works and with the diversity of the people that make up that society. The guiding principle adopted by VINCI is to prevent discrimination in the workplace, particularly as concerns recruitment and promotion procedures, and to raise the awareness of senior managers, human resources managers and all employees. Continuing the work of refl ection initiated in 2004 by the equal opportunities committee, working groups were set up to examine a number of priorities identifi ed by VINCI: the gender mix (female employees account for 13% of VINCI’s total workforce, of which 11% in France); cultural and ethnic diversity in recruitment and promotion; retention and recruitment of people with disabilities (2,497 employees, of which 1,892 in France, i.e. 4.79% of the workforce in jobs not excluded by the French law governing employment of people with disabilities) and career No. of hours of training 68,032 32,716 13,541 25,000 130,312 46,065 No. of trainees 2,533 1,719 1,371 5,000 3,433 2,710 117
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ANNUAL REPORT 2005
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EUROVIA VINCI CONSTRUCTION KEY 2005
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VINCI, the world’s leading integr
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VINCI gains new momentum With the A
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Corporate management structures BOA
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All business lines contributed to t
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Complementary business lines operat
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A growth course set by the concessi
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VINCI share price up 47% in 2005 In
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THE 2006 SHAREHOLDERS’ CALENDAR 1
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2005 Highlights Bernard Val, Chairm
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20 VINCI 2005 ANNUAL REPORT
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22 BUILDING AND MAKING A LONG-TERM
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KEY FIGURES In € millions and as
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VINCI CONCESSIONS WORLDWIDE EUROPE
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Top. ASF and Escota operate a netwo
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CONCESSIONS / ACTIVITÉ ASF recentl
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CONCESSIONS / BUSINESS REPORT 32 VI
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CONCESSIONS / BUSINESS REPORT Betwe
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A86 : DISCREET DOWN TO THE FINEST D
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The toll system of the future In Ma
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Top. Some 41,000 vehicles a day tra
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VINCI Park VINCI Park is present in
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44 VINCI 2005 ANNUAL REPORT and the
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Airport sector VINCI Concessions is
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CONSTRUCTION CONCESSIONS CONSTRUCTI
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ENERGY 51
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A leader in energy and information
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Top. For the Munich airport, German
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Acquisitions 16 companies acquired
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Top left. Design and implementation
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VINCI Energies at the Zénith conce
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ÉDITORIAL GRANIOU SUPPORTS NORTEL
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Page 72 and 73: KEY FIGURES In € millions and as
Page 74 and 75: EUROVIA / BUSINESS REPORT Brisk gro
Page 76 and 77: MATERIALS: A STRATEGIC FACILITY IN
Page 78 and 79: EUROVIA / BUSINESS REPORT NOxer ®
Page 80 and 81: Top left. Roadworks in the village
Page 82 and 83: EUROVIA / BUSINESS REPORT Design &
Page 84: CONSTRUCTION EUROVIA CONSTRUCTION E
Page 87 and 88: CONSTRUCTION 83
Page 89 and 90: French market leader and a world ma
Page 91 and 92: Above. The Granite tower under cons
Page 93 and 94: VINCI Construction Grands Projets
Page 95 and 96: ÉDITORIAL A BUILDING OF THE FUTURE
Page 97 and 98: The fl oating swimming pool To meet
Page 99 and 100: Civil engineering revenue +11.2 % S
Page 101 and 102: Top. Restructured so as to reduce t
Page 103 and 104: In the United Kingdom and Germany,
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Page 107 and 108: ÉDITORIAL Top. Standing alongside
Page 109 and 110: VINCI Immobilier will be developing
Page 111 and 112: A RESPONSIBLE GROUP 107
Page 113 and 114: Implementation of the Global Compac
Page 115 and 116: Priority areas and projects Limit t
Page 117 and 118: Commitments Guarantee the safety an
Page 119: COMBINING MOTIVATION AND SAFETY CFE
Page 123 and 124: VINCI CONSTRUCTION SATISFACTION SUR
Page 125 and 126: Other social indicators A RESPONSIB
Page 127 and 128: REMUNERATION Remuneration and socia
Page 129 and 130: LEARNING TO LEARN The VINCI Foundat
Page 131 and 132: EMERGENCY AID ACTIVITIES The VINCI
Page 133 and 134: FICHE VINCI PREQUALIFICATION AND IM
Page 135 and 136: Above: Since 2005, VINCI’s approv
Page 137 and 138: A BUILDING THAT USES LESS ENERGY VI
Page 139 and 140: ISO 14001 CERTIFICATION GROWTH 2004
Page 141 and 142: IMPROVING THE ENERGY EFFICIENCY OF
Page 143 and 144: Optimising waste management VINCI c
Page 145 and 146: Above: After rehabilitation, Eurovi
Page 147 and 148: B/ NOISE POLLUTION Eurovia 2005 200
Page 149 and 150: UN GROUPE RESPONSABLE / RESPONSABIL
Page 151 and 152: Opinion of one of the Statutory Aud
Page 153 and 154: FINANCIAL STATEMENTS FINANCIAL STAT
Page 155 and 156: 27. Market value of fi nancial inst
Page 157 and 158: 2.1 APPOINTMENTS AND FUNCTIONS OF C
Page 159 and 160: Alain Dinin Age: 55 • 1997-2008 N
Page 161 and 162: Yves-Thibault de Silguy (suite) Wil
Page 163 and 164: The other eleven Directors are prom
Page 165 and 166: - in respect of the Company’s int
Page 167 and 168: The following table shows the Direc
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CORPORATE GOVERNANCE Options Option
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REPORT OF THE CHAIRMAN REPORT OF TH
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3.4. INTERNAL AUDIT The internal au
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The third step, in 2003 and 2004, i
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REPORT OF THE STATUTORY AUDITORS IN
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Outside France, VINCI Energies’ r
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1.3 NET PROFIT Net profi t attribut
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The Group’s fi nancial structure
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1.3 CONCESSIONS The main risks in c
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C. INSURANCE 1. GENERAL POLICY Give
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D. OTHER INFORMATION 1. INVESTMENT
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CONSOLIDATED FINANCIAL STATEMENTS C
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CONSOLIDATED FINANCIAL STATEMENTS E
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STATEMENT OF CHANGES IN CONSOLIDATE
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2.2 EARLY REDEMPTION OF THE 2002-20
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1.1 FIRST-TIME ADOPTION OF IFRS - M
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Joint venture partnerships created
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- when borrowing is not intended to
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Cash management financial assets Ca
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- Hedge of a net investment in a fo
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1.2.2 Breakdown of revenue by locat
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FY 2004 CONSOLIDATED FINANCIAL STAT
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FY 2004 CONSOLIDATED FINANCIAL STAT
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4. SEGMENT INFORMATION BY GEOGRAPHI
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5.3 SHARE-BASED PAYMENTS The expens
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The income arising in the period fr
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E. NOTES TO THE BALANCE SHEET 10. I
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12.2 IMPAIRMENT LOSSES ON OTHER NON
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CONSOLIDATED FINANCIAL STATEMENTS 1
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15. LEASED ASSETS Property, plant a
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20. CONSTRUCTION CONTRACTS 20.1 FIN
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The changes in capital in 2005 brea
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CONSOLIDATED FINANCIAL STATEMENTS I
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Changes in the period CONSOLIDATED
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24. PROVISIONS During the period, c
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By business line, the analysis of n
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. Other bonds Other bonds break dow
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d. Finance leases The table below s
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25.3.2 Cash and cash management fin
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CONSOLIDATED FINANCIAL STATEMENTS T
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Based on this position, a 1% increa
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26.3.3 Analysis of other foreign cu
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28. TRANSACTIONS WITH RELATED PARTI
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The maturities of contractual oblig
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31. REMUNERATION AND RELATED BENEFI
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promissory notes issued by Intertou
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CONSOLIDATED FINANCIAL STATEMENTS I
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(h) Reclassification under operatin
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1.5 SUMMARIES OF IMPACTS OF RESTATE
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2.3.2 Goodwill CONSOLIDATED FINANCI
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2.3.6 Fair value of derivatives CON
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2.4 RECONCILIATION OF BALANCE SHEET
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2.4.6 Trade and other current payab
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K. MAIN CONSOLIDATED COMPANIES AT 3
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CONSOLIDATED FINANCIAL STATEMENTS C
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CONSOLIDATED FINANCIAL STATEMENTS R
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1.3 OTHER FINANCIAL TRANSACTIONS Th
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3.2 EQUITY PARENT COMPANY FINANCIAL
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5. NET FINANCIAL DEBT The holding c
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PARENT COMPANY FINANCIAL STATEMENTS
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Meeting are determined by the Share
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3. INFORMATION ON VINCI’S SHARE C
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3.3 BREAKDOWN OF SHARE CAPITAL AND
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3.5 THE VINCI SHARE AND THE STOCK M
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3. FEES OF THE STATUTORY AUDITORS P
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9. Operating and fi nancial review
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In accordance with Article 212-13 o
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