VINCI - 2005 annual report

c. Loans from financial institutions
These are mainly syndicated loans and loans granted by various financial
establishments (in particular the European Investment Bank) as part of
infrastructure concessions.
31/12/2005 31/12/2004
currency market debt impact of impact carrying carrying Maturity
values recorded amortised of fair amount amount
on issue cost (1) values (2)
(in € millions)
VINCI SA
(a) (b) (c) (a)+(b)+(c)
Syndicated loan April 2000
Cofiroute
EUR 108.1 April 2005
EIB March 2002 EUR 76.5 75.0 0.1 75.1 75.3 March 2027
EIB December 2002 EUR 56.0 50.0 0.0 50.0 50.1 June 2027
EIB March 2003 EUR 77.8 75.0 2.8 9.0 86.9 81.5 March 2018
EIB December 2004 EUR 200.2 200.0 0.2 200.2 200.1 December 2019
EIB December 2005 EUR 198.0 190.0 0.6 190.6 December 2025
Other loans EUR 10.8 10.8 10.8 12.1 June 2014
Subtotal
Other concessions
619.4 600.8 3.8 9.0 613.6 419.1
Stade de France – 1998 (3) EUR 51.3 50.4 0.1 50.5 54.0 July 2013
Gefyra - EIB 2001 EUR 350.4 328.6 5.3 333.9 352.9 December 2025
to June 2029
Newport – 2002 (3) GBP 46.8 44.5 0.9 45.4 42.3 March 2040
Subtotal
Other loans
448.5 423.5 6.2 0.0 429.8 449.1
VINCI Park (4) 425.9 425.7 (2.4) 423.3 337.5
Eurovia (4) 78.4 78.6 (0.2) 0.1 78.4 47.7
CFE (4) 156.4 156.4 156.4 102.9
Other subsidiaries 211.6 213.7 (2.1) 0.4 211.9 112.0
Subtotal
Total other loans
872.3 874.3 (4.7) 0.4 870.1 600.1
and financial debt 1,940.3 1,898.7 5.3 9.5 1,913.5 1,576.5
(1) amortised cost including accrued interest not matured.
(2) revaluation of the debt in connection with fair-value hedging (Note 26.1.1).
(3) VINCI’s share (proportionate consolidation at 66.67% for Stade de France and 50% for Newport).
(4) total loans from financial institutions.
244
VINCI 2005 ANNUAL REPORT
Details of loans of a nominal amount greater than €50 million are as
follows: