New employees by business line Concessions Holding All and services Energy Roads Construction Property company % divisions 2004 Unlimited term contracts 6,981 2,465 5,637 11,413 19 28 60% 26,543 19, 786 Fixed term contracts 8,198 1,120 2,600 5,844 7 10 40% 17 778 16,146 All categories 15,179 3,585 8,237 17,256 26 38 44,321 35,932 Reasons for departure Concessions Holding of which and services Energy Roads Construction Property company % Total France 2004 Resignations 4,548 1,384 2,924 3,238 5 9 30% 12,108 3,048 9,689 End of fi xed term contracts 7,849 627 1,574 2,416 4 3 31% 12,473 9,521 10,944 End of worksite 609 299 466 3,553 1 1 12% 4 929 1,437 3,772 Retirement 97 352 1,023 627 1 5% 2,100 1,262 1,774 Redundancy 1,049 573 253 937 7% 2,812 197 2,779 Other dismissals 867 747 635 1,595 6 12 9% 3,862 2,226 3,317 Other reasons 1,587 526 248 219 3 11 6% 2,594 1,148 4,681 All categories 16,606 4,508 7,123 12,585 20 36 100% 40,878 18,839 36,956 TRAINING Change in number and breakdown of training hours Offi ce, technical & Manual Total of which Total Management supervisory staff labour % <strong>2005</strong> France 2004 Technique 63,277 234,882 477,264 39% 775,424 481,660 621,638 Hygiene and safety 42,653 125,718 308 636 24% 477,007 309,009 401,517 Quality 7,482 16 984 22,090 2% 46,556 13,697 33,429 Environment 5,397 19 260 18 061 2% 42 718 4,447 12,698 Management 45,917 34,004 22 476 5% 102 397 62,834 86,085 Information technology 32,532 98,047 16,445 7% 147,023 60,134 81,023 Adm/acctg/mgmt/legal 41 370 52,612 9,667 5% 103,649 70,796 107,894 Languages 28,570 39,007 8 218 4% 75 795 15,045 60,664 Others 27,565 61,412 109 272 10% 198,249 140,003 194,001 Total 294,764 681,926 992,128 100% 1,968,818 1,157,626 1, 598,949 SAFETY Worldwide 2004 31 December <strong>2005</strong> FREQUENCY RATE (12 MONTHS YEAR-ON-YEAR) 122 -6% 19 17.8 Construction +4% 14.11 14.62 Energy <strong>VINCI</strong> <strong>2005</strong> ANNUAL REPORT -13% 15.27 13.34 Roads -12% 45.78 40.22 Concessions SEVERITY RATE (12 MONTHS YEAR-ON-YEAR) -17% 1.1 0.91 Construction +6% 0.66 0.7 Energy -17% 1.03 0.85 Roads -1% 2.42 2.39 Concessions
REMUNERATION Remuneration and social charges France (in thousands of euros) Average <strong>VINCI</strong> salary (1) Men Women Average salary in building and civil engineering sector (2) Social charges 1. - Including paid leave 2. – Source: Pro BTP 2004 TIME WORKED Breakdown of days off by reason for absence 4. 3. 5. 2. 1. Organisation of work All categories 1. Sickness 61% 2. Occupational accident 9% 3. Accident on the way to work 1% 4. Occupational sickness 1% 5. Other 28% Total 100% 32 32 29 24 55% A RESPONSIBLE GROUP / SOCIAL INDICATORS Management 58 61 44 46 59% Incentive schemes, employee profi t sharing, social welfare (in millions of euros) Incentive schemes Employee profi t sharing Employer contribution Social welfare Total <strong>2005</strong> World 36.48 69.45 39.33 37.76 183.02 Offi ce, technical & supervisory staff 30 31 25 25 55% Average by employee • 10.7 days sickness • 1.6 days occupational accidents • 0.2 day accident on the way to work • 0.2 day occupational sickness • 5.0 days other reasons Manual labourt 24 24 24 19 51% <strong>2005</strong> France 30.12 68.21 36.50 20.18 155.01 Time worked Management Offi ce, technical & Manual labour Total 2004 supervisory staff Total number of hours worked 28,764,742 63,061,023 133,875.023 225,700,788 208,376,993 of which overtime 86,076 1,200,223 10,790.254 12,076,553 10,722,462 Number of part-time employees 169 1,304 3.109 4,582 4,985 123
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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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66 LEADER IN INFRASTRUCTURE CONSTRU
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KEY FIGURES In € millions and as
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EUROVIA / BUSINESS REPORT Brisk gro
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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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CONSOLIDATED FINANCIAL STATEMENTS 1
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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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CONSOLIDATED FINANCIAL STATEMENTS 2
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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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CONSOLIDATED FINANCIAL STATEMENTS 4
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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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PARENT COMPANY FINANCIAL STATEMENTS
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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