VINCI - 2005 annual report

3. OTHER SEGMENT INFORMATION RELATING SPECIFICALLY
TO THE CONCESSIONS AND SERVICES BUSINESS LINE
FY 2005
(in € millions) Cofiroute ASF VINCI Other Airport VINCI Total
(*) Park Concessions services Concessions
holdings
companies
31 December 2005
Income statement
Revenue 900.0 493.7 161.0 505.0 (4.9) 2,054.8
Operating profit from ordinary activities 468.7 126.6 54.8 4.4 (21.7) 632.8
% of revenue 52.1% 25.7% 34.0% 0.9% ns 30.8%
Share of profit / (loss) of associates 0.5 76.8 4.3 81.6
Net profit attributable to equity holders of the parent 186.8 76.8 75.6 10.0 2.3 (15.2) 336.3
% of revenue 20.7% 15.3% 6.2% 0.5% ns 16.4%
Cash flow statement
Cash flows (used in) /
from operations before tax and financing costs 604.6 176.7 82.5 12.7 (19.7) 856.8
% of revenue 67.2% 35.8% 51.2% 2.5% ns 41.7%
Including net depreciation and amortisation 129.6 60.1 33.4 15.6 0.1 238.8
Including net provisions 3.8 (3.7) 1.0 (7.0) 0.9 (5.1)
Changes in working capital requirement
and current provisions (28.8) 17.7 14.3 (1.0) (0.8) 1.4
Income taxes paid (177.8) (36.1) (2.7) (4.2) (4.7) (225.3)
Net interest paid (103.6) (17.6) (32.5) (4.9) (9.7) (168.3)
Net cash flows (used in) / from operating activities 294.4 140.8 61.6 2.6 (34.9) 464.6
Purchases of property, plant and equipment
and intangible assets, net (0.8) (25.6) (6.6) (32.2) (65.2)
Purchases of concession fixed assets (735.4) (41.6) (31.8) 0.1 (808.7)
Purchases of shares in subsidiaries and associates
(consolidated and unconsolidated) (0.8) (1.6) (34.9) (7.3) (44.6)
Other 0.1 55.2 52.4 1.8 6.3 62.9 178.8
Cash flows (used in) / from investing activities (736.1) 55.2 (15.6) (38.2) (60.7) 55.7 (739.6)
Increases and reductions in share capital
Loan proceeds and repayments 353.1 (73.6) (20.9) (56.3) (36.5) 165.8
Other 93.6 (55.2) (42.6) (6.6) 120.2 35.0 144.4
Net cash flows (used in) / from financing activities 446.7 (55.2) (116.2) (27.5) 63.9 (1.5) 310.2
Net change in cash 5.1 9.0 (4.1) 5.8 19.3 35.1
Balance sheet
Segment assets 4,160.1 1,512.0 1,473.9 971.6 391.9 10.5 8,518.9
Intangible assets 2.6 2.1 1.9 6.6
Goodwill 5.2 355.4 5.0 92.4 458.0
Property, plant and equipment 10.1 183.0 4.0 139.2 0.4 336.8
Concession intangible fixed assets 4,038.0 827.0 864.3 5,729.3
Investments in associates 1,512.0 43.0 1,554.0
Other current segment assets 106.8 105.8 53.1 158.3 10.1 434.2
Segment liabilities 115.3 238.4 90.3 142.6 8.4 595.1
Current provisions 31.9 6.1 9.8 21.0 5.6 74.4
Other current segment payables 83.4 232.3 80.5 121.6 2.8 520.7
Capital employed 4,067.1 1,512.0 1,303.6 885.1 394.0 9.5 8,171.2
Equity including minority interest 1,346.9 1,512.0 773.7 184.2 52.1 (439.7) 3,429.1
Net financial (debt) / surplus (2,543.8) (390.9) (703.2) (190.3) (412.6) (4,240.8)
Employees at 31 December 2,116 4,960 1,069 11,025 19,170
(*) On 100% basis.
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VINCI 2005 ANNUAL REPORT