VINCI - 2005 annual report

CONSOLIDATED FINANCIAL STATEMENTS
The impact of derivative financial instruments considered as hedges (see above) for long-term debts break down as follows by nature of debt:
Bonds
31/12/2005
Currency Nominal Carrying Overall Overall Coupon Maturity
remaining amount effective rate effective rate
due before taking after taking
account of account of
(in € millions) derivatives (1) derivatives (1)
VINCI
Tranche 1: July 2002 EUR 600.0 619.2 6.01% 4.86% 5.875% July 2009
Tranche 2: November 2002 EUR 250.0 270.2 5.45% 3.53% 5.875% July 2009
Tranche 3: May 2003 EUR 150.0 162.8 4.75% 3.41% 5.875% July 2009
Cofiroute
Bonds December 1995 EUR 243.9 244.5 7.50% 7.50% 7.50% December 2006
Bonds July 1996 EUR 304.9 314.2 6.80% 6.80% 6.80% July 2007
Bonds November 1997 EUR 350.6 358.7 5.90% 5.90% 5.90% November 2008
Bonds November 1999 EUR 300.0 320.5 6.00% 3.63% 6.00% November 2009
Bonds October 2001 -
Supplement August 2005 EUR 500.0 581.0 5.13% 3.04% 5.875% October 2016
Bonds April 2003 EUR 600.0 677.8 5.36% 3.12% 5.25% April 2018
Other bonds EUR 21.5 23.7 7.50% 7.50% 7.50% Oct. ‘06 to Apr. ‘12
Other concessions
SCDI - 1998 (2) CAD 117.0 116.9 6.36% 6.36% 6.17% September 2031
Autopista Del Bosque – 2001 UF 228.1 223.3 8.00% 8.00% 7.405% March 2021
Other bonds 4.6 4.7
Total bonds 3,670.6 3,917.5
(1) Including all flows connected to the issue (fees, premium etc.)
(2) VINCI’s share (proportionate consolidation at 49.9%).
Loans from financial institutions
31/12/2005
Currency Nominal Carrying Overall Overall Contractual Maturity
remaining amount effective rate effective rate interest
due before taking after taking rate
account of account of
(in € millions) derivatives (1) derivatives (1)
Cofiroute
EIB March 2002 EUR 75.0 75.1 2.47% 2.49% EIB March 2027
EIB December 2002 EUR 50.0 50.0 2.51% 2.51% Euribor 3m June 2027
EIB March 2003 EUR 75.0 86.9 4.92% 2.64% 4.92% March 2018
EIB December 2004 EUR 200.0 200.2 2.47% 2.49% EIB December 2019
EIB December 2005 EUR 190.0 190.6 3.97% 3.97% 3.97% December 2025
Other concessions
Stade de France - 1998 (2) EUR 51.0 50.5 6.18% 6.18% 5.28% July 2013
Gefyra - EIB 2001 EUR 350.0 333.9 2.53% 2.53% EIB December 2025
to June 2029
Newport - 2000 (2) GBP 45.7 45.4 7.51% 7.51% 7.26% September 2040
Other loans 882.9 880.9
Total other loans and financial debt 1,919.6 1,913.5
(1) Including all flows connected to the issue (fees, premium, etc.); the variable rates applying are 2.49% for Euribor 3 months and 2.47% for EIB loans (index subject to revision as defined by EIB).
(2) VINCI’s share (proportionate consolidation at 66.67% for Stade de France and 50% for Newport).
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