VINCI - 2005 annual report

3.2 EQUITY
PARENT COMPANY FINANCIAL STATEMENTS
Share Premiums Other Profi t
(in € millions) capital related to capital reserves or loss Total
Equity at 31 December 2004 838.1 1,334.8 2,490.5 330.5 4,994.1
Appropriation of net profi t for 2004 - - 141.7 (330.5) (188.9)
Interim dividend in respect of 2005 - - (132.8) - (132.8)
Increases in share capital 157.5 1,128.7 - - 1,286.2
Reduction of share capital through cancellation of shares (12.4) (112.7) - - (125.1)
Net profi t for the year - - - 716.1 716.1
Equity at 31 December 2005 983.2 2,350.8 2,499.4 716.1 6,549.6
At 31 December 2005, VINCI’s share capital was €983.2 million represented
by 196,636,274 shares of €5 nominal, taking account of the
two-for-one share split in May 2005.
VINCI’s equity, which amounted to €4,994.1 million at 31 December
2004, was €6,549.6 million at 31 December 2005, an increase of
€1,555.5 million.
In addition to the profi t for the period (€716.1 million), this increase
takes account of the increases in share capital arising on the conversion of
Capital increases and reductions break down as follows:
the OCEANE bonds (for €1,015.9 million), subscriptions to the
Group’s savings plans (for €158.4 million) and the exercise of share
subscription options (for €112 million) and, conversely, reductions in
share capital of €125.1 million, relating to the cancellation of
2,500,000 shares referred to above. Dividend payments in 2005 amounted
to €321.7 million, including an interim dividend of €0.70 per share in
respect of 2005 amounting to €132.8 million.
Number Share Share premiums
(in € millions) of share capital and other reserves Total
Employee subscriptions to Group savings plan 4,444,221 22.2 136.2 158.4
Exercise of share subscription options 4,490,469 22.5 89.5 112.0
Conversion of 2007 and 2018 OCEANE bonds 22,573,978 112.9 903.0 1,015.9
Cancellation of treasury shares (2,500,000) (12.5) (112.6) (125.1)
Total 29,008,668 145.1 1,016.1 1,161.2
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