VINCI - 2005 annual report

Reconciliation between segment information and financial statements
(in € millions) 31/12/2005 31/12/2004
Other segment assets
Inventories and work in progress 540.7 542.8
Trade and other operating receivables 8,334.3 7,279.8
Other current assets 218.6 157.3
Other segment assets 9,093.5 7,979.9
Other segment liabilities
Trade payables 5,002.3 4,619.2
Other current payables 5,498.6 4,743.6
Other segment liabilities 10,500.8 9,362.7
Capital employed
Segment assets 19,608.8 17,470.0
Segment liabilities (11,946.2) (10,745.5)
Other non-current financial assets 240.4 288.0
Loans and collateralised receivables (part at more than one year) (23.5) (45.5)
Goodwill impairment 792.7 784.5
Current tax assets 62.5 24.4
Current tax payable (253.9) (213.6)
Capital employed 8,480.8 7,562.4
NOPAT
Operating profit from ordinary activities 1,567.6 1,300.1
Other financial income and expenses (1.0) 10.0
Theoretical tax charge (*) (495.7) (387.4)
Dividends paid 4.7 42.0
Profit of associates 87.0 14.0
NOPAT 1,162.6 978.7
Capital employed at previous year-end 7,562.4 7,639.5
Capital employed at this year-end 8,480.8 7,562.4
Average capital employed 8,021.6 7,601.0
ROCE (Average capital employed / NOPAT) 14.5% 12.9%
Equity attributable to equity holders at previous year-end 3,015.9 2,662.2
Net profit attributable to equity holders of the parent at this year-end 871.2 731.6
ROE (Net profit / equity) 28.9% 27.5%
(*) Calculated on the basis of the effective tax rate as restated for the impact of share-based payments and goodwill impairment: 31.6% in 2005; 29.6% in 2004.
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VINCI 2005 ANNUAL REPORT