VINCI - 2005 annual report

1.5 SUMMARIES OF IMPACTS OF RESTATEMENTS ON NET PROFIT
The various restatements that effect the IFRS net profit presented in the
previous paragraphs are summarised in the following table:
CONSOLIDATED FINANCIAL STATEMENTS
(in € millions) Notes 2004
Net income under French GAAP 731
Non-amortisation of goodwill (IFRS 3) (see 1.4) 47
Restatements of 2002 / 2003/ 2004 share option plans (IFRS 2) (see 1.1) (20)
Restatement of Group Savings Scheme first four months 2005 announced in 2004 (IFRS 2) (see 1.1) (16)
Restatement applying the amortised cost to the 2007
and 2018 OCEANE bonds (IAS 39, IAS 32) (see 1.2) (15)
Non-amortisation of actuarial gains and losses on retirement benefit obligations (IAS 19) (see 1.1) 10
Restatement of reversals of provisions for major repairs taken to equity
at 1 January 2004 (IAS 37) (see 1.1) (6)
Other restatements (10)
Effect of tax on restatements 8
Effect of minority interest on restatements 3
Total of the IFRS restatements 1
Net profit under IFRS 732
2. RECONCILIATION OF THE BALANCE SHEET
AT 31 DECEMBER 2004 (FRENCH GAAP AGAINST IFRS)
For the presentation of balance sheet items, the IFRSs recommend that
a distinction be made between “non-current” assets and liabilities,
representing equity and long-term finance, and “current” assets and
liabilities, relating to the company’s normal operating cycle, without
2.1 BALANCE SHEET ASSETS
necessarily being of a short-term nature. The part at less than one year
of non-current assets and liabilities is also presented under current assets
and liabilities.
Notes French GAAP IFRS IFRS IFRS
(in € millions) 31/12/2004 reclassifications restatements 31/12/2004
Intangible assets 2.3.1 173 (73) (18) 82
Goodwill 2.3.2 1,387 (649) 39 777
Concession intangible fixed assets 2.3.3 5,567 (563) 20 5,024
Other property, plant and equipment and investment property 2,041 8 2,049
Investments in associates 2.3.4 846 705 7 1,558
Other non-current financial assets 2.3.5 327 (40) 1 288
Fair value of non-current derivatives (assets) 2.3.6 65 180 245
Deferred charges 50 (50)
Deferred tax assets 168 (1) 167
Total non-current assets 10,190
Inventories and work in progress 544 (1) 543
Trade and other operating receivables 2.3.7 7,554 (238) (37) 7,279
Other current assets 157 157
Current tax assets 24 24
Current financial assets 2.3.8 318 (193) 5 130
Fair value of current derivatives (assets) 2.3.6 100 4 104
Cash management financial assets and cash 2.3.9 4,541 68 (92) 4,518
Total current assets 12,756
Total assets 23,516 (637) 66 22,946
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