VINCI - 2005 annual report

28.3 OTHER RELATED PARTIES
The information on equity-accounted companies is given in Note 17.2.
VINCI has recognised an expense of €0.6 million in 2005 for services in
respect of strategic consultancy, development and assistance, provided by
Soficot and AM Conseil.
The Company also has normal business relationships with companies of
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VINCI 2005 ANNUAL REPORT
which the executives are Directors of VINCI, in particular UBS, Merill
Lynch and Nexity.
In addition, VINCI has recognised an expense of €0.4 million in 2005 for
catering services provided by the catering company Soficot-SRC (now
called Société Gastronomique de l’Etoile).
29. CONTRACTUAL OBLIGATIONS
AND OTHER COMMITMENTS MADE AND RECEIVED
The contractual obligations and other commitments made and received
are analysed as follows:
(in € millions) 31/12/2005 31/12/2004
Contractual obligations
Operating leases 703.8 447.4
Purchase and capital expenditure obligations (1) 167.6 157.2
Capital expenditure obligations connected with the acquisition of ASF (2) 9,100.0
Other commitments made
Sureties and guarantees 314.6 305.3
Collateral securities 341.6 185.2
Joint and several guarantees covering unconsolidated partnerships 123.3 129.8
Other 38.9 44.5
Other commitments received
Personal sureties 56.5 61.4
Collateral securities 4.6 6.0
Other 36.8 37.4
(1) Excluding investments relating to concession contracts (see Note 13.2).
(2) See Key events (Note A.1.2).
Moreover, the Group’s commitments made and received in respect of
concession contracts, construction contracts and items not recognised
regarding retirement obligations are disclosed in:
29.1 CONTRACTUAL OBLIGATIONS
Operating lease commitments amounted to €703.8 million at 31 December
2005 (against €447.4 million at 31 December 2004). Of this, €510.7
million was for property (against €299.9 million at 31 December 2004)
and €193.1 million for movable items (against €147.5 million at
31 December 2004).
– Note 13.2 in respect of concession contracts;
– Note 20.2 in respect of construction contracts;
– Note 23 in respect of unrecognised items on retirement benefit obligations.
The purchase and capital expenditure obligations relate principally to
VINCI Immobilier in connection with investment promises relating to the
rehabilitation of the Renault site at Boulogne Billancourt and the OPAC
operation at rue Lecourbe in Paris.