VINCI - 2005 annual report

TABLE OF CONTENTS
Corporate governance 152
Membership of the Board of Directors 152
Functioning of the Board of Directors 160
The Group’s general management 162
Remuneration of company offi cers 162
Share subscription or share purchase option plans 165
Report of the Chairman on internal control procedures 169
Report of the Statutory Auditors on the report of the Chairman of the Board 175
Report of the Board of Directors 176
Report on the fi nancial statements for the year 176
Risk factors 182
Insurance 185
Consolidated fi nancial statementss 189
Consolidated fi nancial statements 189
Notes to the consolidated fi nancial statements 194
A. Key events in 2005 194
B. Accounting policies and valuation methods 196
C. Information by segment 206
1. Revenue 206
2. Other segment information by business line 207
3. Other segment information relating specifi cally to the Concessions and services business line 210
4. Segment information by geographical segment 213
D. Notes to the income statement 214
5. Operating profi t 214
6. Cost of fi nancial debt 215
7. Other fi nancial income and expenses 215
8. Income tax 216
9. Earnings per share 218
E. Notes to the balance sheet 219
10. Intangible assets 219
11. Goodwill 219
12. Impairment losses on goodwill and other non-fi nancial assets 220
13. Concession intangible fi xed assets 221
14. Property, plant and equipment 224
15. Leased assets 225
16. Investment property 225
17. Investments in associates 225
18. Other non current fi nancial assets 227
19. Working capital requirement 228
20. Construction contracts 229
21. Cash management fi nancial assets and cash 230
22. Change in equity and share-based payments 230
23. Retirement and other employee benefi t obligations 235
24. Provisions 239
25. Net fi nancial debt and fi nancing resources 240
26. Financial instruments and management of market risks 247
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RAPPORT ANNUEL VINCI 2005