- Key figures
- Consolidated IFRS income statement
- Consolidated IFRS balance sheet
- Consolidated IFRS cash flow statement
- Press release
- Presentation (PDF file, 2.6 Mb)
Video : Présentation February 28th, 2008 at Pavillon Ledoyen
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2007 |
2006 |
||
|---|---|---|---|
| REVENUE |
30,427.8 | 25,634.3 | |
| Of which revenue outside France |
10,771.2 | 8,809.5 | |
| % of revenue |
35.2% | 34.4% | |
| Operating profit from ordinary activities |
3,112.8 | 2,579.8 | |
| % of revenue |
10.2% | 10.1% | |
| Operating profit | 3,006.1 | 2,494.3 | (*) |
| NET PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT |
1,461.0 | 1,270.4 | |
| Earnings per share (in euros) |
3.14 | 2.90 | (**) |
| Diluted earnings per share (in euros) | 3.02 | 2.77 | (**) |
| Dividend per share. excluding tax credit (in euros) |
1.52 | 1.33 | (**) |
| Equity including minority interest |
8,196.7 | 8,570.1 | (***) |
| Net financial debt |
(16,303.2) | (14,796.4) | |
| CASH FLOWS (USED IN) / FROM OPERATIONS |
4,514.7 | 3,755.0 | |
| Net investments in operating assets |
(683.1) | (572.1) | |
| Investments in concession assets |
(1,269.5) | (1,205.3) | |
| Net financial investments |
(2,032.2) | (9,242.8) |
(*) restated in accordance with the change of presentation described in Note A.1.3 "Change of presentation: profit or loss of associates".
(**) restated following the two-for-one share split on 17 May 2007.
(***) restated in accordance with the change of method described in Note A.1.2 "Change of method: transactions between shareholders, acquisitions and disposals of non-controlling interests after acquisition of control".
| 2007 | 2006 | ||
|---|---|---|---|
| REVENUE | 30,427.8 | 25,634.3 | |
| Other operating income | 234.3 | 218.8 | |
| Operating expenses | (27,549.3) | (23,273.3) | |
| Operating profit from ordinary activities | 3,112.8 | 2,579.8 | |
| Share-based payment expense (IFRS 2) | (117.6) | (89.5) | |
| Goodwill impairment expense | (6.0) | (14.3) | |
| Share of profit / (loss) of associates | 17.0 | 18.3 | (*) |
| OPERATING PROFIT | 3,006,1 | 2,494.3 | (*) |
| Cost of gross financial debt | (1,006.5) | (733.7) | |
| Financial income from cash management investments | 195.5 | 152.1 | |
| Cost of net financial debt | (811.0) | (581.7) | |
| Other financial income | 199.5 | 186.3 | |
| Other financial expenses | (67.8) | (48.9) | |
| Income tax expense | (743.8) | (667.4) | |
| Net profit before profit or loss of discontinued operations (halted or sold) |
1,583.0 | 1,382.7 | |
| Net profit or loss after tax of discontinued operations (halted or sold) | 49.4 | ||
| NET PROFIT | 1,583.0 | 1,432.1 | |
| Minority interest | 122.0 | 161.7 | |
| NET PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT | 1,461.0 | 1,270.4 | |
| Earnings per share before profit or loss of discontinued operations (halted or sold) | |||
| Earnings per share (in euros) | 3.14 | 2.79 | (**) |
| Diluted earnings per share (in euros) | 3.02 | 2.67 | (**) |
| Earnings per share | |||
| Earnings per share (in euros) | 3.14 | 2.90 | (**) |
| Diluted earnings per share (in euros) | 3.02 | 2.77 | (**) |
(*) restated in accordance with the change of presentation described in Note A.1.3 "Change of presentation: profit or loss of associates".
(**) restated following the two-for-one share split on 17 May 2007.
| ASSETS | 2007 | 2006 | |
|---|---|---|---|
| Non-current assets | |||
| Goodwills | 3,382.5 | 2,636.5 | (*) |
| Intangible assets | 141.6 | 128.3 | |
| Concession intangible fixed assets | 25,060.6 | 24,698.5 | |
| Property. plant and equipment | 2,824.5 | 2,322.6 | |
| Investment property | 52.6 | 47.3 | |
| Investments in associates | 191.6 | 102.8 | |
| Other non-current financial assets | 562.3 | 348.2 | |
| Deferred tax assets | 110.1 | 218.8 | |
| Total non-current assets | 32,326.0 | 30,503.0 | |
| Current assets | |||
| Inventories and work in progress | 647.5 | 567.1 | |
| Trade and other operating receivables | 11,101.3 | 9,503.1 | |
| Other current assets | 288.4 | 241.0 | |
| Current tax assets | 54.8 | 37.5 | |
| Other current financial assets | 232.2 | 158.1 | |
| Cash management financial assets | 665.0 | 1,223.2 | |
| Cash and cash equivalents | 4,223.8 | 5,154.8 | |
| Total current assets (before assets held for sale) | 17,213.2 | 16,884.8 | |
| Assets related to discontinued activities and other assets available for sale | 5,4 | ||
| Total current assets | 17,218.6 | 16,884.8 | |
| TOTAL ASSETS | 49,544.5 | 47,387.8 | |
| Equity and liabilities | 2007 | 2006 | |
| Equity | |||
| Share capital | 1,214.9 | 1,176.6 | |
| Share premium | 4,806.8 | 4,475.5 | |
| Treasury shares | (1,102.2) | (178.4) | |
| Other equity instruments | 490.6 | 490.6 | |
| Consolidated reserves | 727.5 | 557.1 | (*) |
| Currency translation reserves | (20.7) | 20.5 | |
| Net profit for the period attributable to equity holders of the parent | 1,461.0 | 1,270.3 | |
| Net income recognised directly in equity | 46.9 | 9.5 | |
| Equity attributable to equity holders of the parent | 7,624.9 | 7,821.8 | (*) |
| Minority interest | 571.8 | 748.4 | |
| Total equity | 8,196.7 | 8,570.1 | (*) |
| Non-current liabilities | |||
| Non-current provisions | 1,067.2 | 1,015.0 | |
| Bonds | 5,159.8 | 3,591.3 | |
| Other loans and borrowings | 13,480.7 | 14,043.7 | |
| Other non-current liabilities | 85.6 | 49.1 | |
| Deferred tax liabilities | 2,453.4 | 2,612.7 | |
| Total non-current liabilities | 22,246.6 | 21,311.8 | |
| Current liabilities | |||
| Current provisions | 2,003.1 | 1,655.9 | |
| Trade payables | 6,553.4 | 5,554.1 | |
| Other current payables | 7,594.9 | 6,428.7 | |
| Current tax payables | 156.0 | 138.7 | |
| Current borrowings | 2,792.6 | 3,728.6 | |
| Total current liabilities (before liabilities held for sale) | 19,099.9 | 17,505.9 | |
| Liabilities related to discontinued activities and other liabilities available for sale | 1,3 | ||
| Total current liabilities | 19,101.2 | 17,505.9 | |
| TOTAL EQUITY AND LIABILITIES | 49,544.5 | 47,387.8 | |
(*) restated in accordance with the change of presentation described in Note A.1.3 "Change of presentation: profit or loss of associates"
| 2007 | 2006 | |
|---|---|---|
| Net profit for the period (including minority interest) | 1,583.0 | 1,432.1 |
| Depreciation and amortisation | 1,594.9 | 1,365.9 |
| Net increase / (decrease) in provisions | 48.1 | 2.2 |
| Share-based payments (IFRS 2) and other restatements | 15.0 | 40.4 |
| Gain or loss on disposals | (87.8) | (166.0) |
| Change in fair value of foreign currency derivative financial instruments | (26.8) | (0.2) |
| Share of profit or loss of associates, dividends received from unconsolidated entities and profit or loss of operations classified as held for sale |
(30.8) | (76.2) |
| Capitalised borrowing costs | (135.6) | (92.3) |
| Cost of net financial debt recognised | 811.0 | 581.7 |
| Current and deferred tax expense recognised | 743.8 | 667.4 |
| Cash flows (used in) / from operations before tax and financing costs | 4,514.7 | 3,755.0 |
| Changes in working capital requirement and current provisions | 687.5 | 12.7 |
| Income taxes paid | (782.6) | (758.2) |
| Net interest paid |
(836.1) | (518.0) |
| Net cash flows (used in) / from operating activities I | 3,583.5 | 2,491.6 |
| Purchases of property, plant and equipment, and intangible assets | (815.7) | (771.8) |
| Proceeds from sales of property, plant and equipment, and intangible assets | 132.7 | 199.7 |
| Purchases of concession fixed assets (net of grants received) | (1,269.5) | (1,205.3) |
| Purchases of shares in subsidiaries and associates (consolidated and unconsolidated) | (2,095.0) | (9,322.4) |
| Proceeds from sales of shares in subsidiaries and associates (consolidated and unconsolidated) | 71.9 | 79.7 |
| Net effect of changes in scope of consolidation | 292.0 | 614.2 |
| Dividends received from associates and unconsolidated entities | 27.2 | 15.9 |
| Others | (11,0) | 5.9 |
| Net cash flows (used in) / from investing activities II | (3,667.5) | (10,384.1) |
| Increases in share capital | 369.7 | 3,391.9 |
| Purchases of treasury shares | (939.5) | (310.4) |
| Minority interest in share capital increases of subsidiaries | 2.3 | 24.4 |
| Dividends paid | ||
| - to shareholders of VINCI SA | (664.5) | (472.0) |
| - to minority interests | (48.4) | (79.6) |
| Proceeds from new long-term borrowings | 3,611.8 | 5,600.2 |
| Repayment of borrowings and changes in other current financial debt | (2,366.9 | 104.3 |
| Change in cash management assets | (758.2) | (52.2) |
| Net cash flows (used in) / from financing activities III | (793.7) | 8,206.8 |
| Net cash flows associated with discontinued operations or operations classified as held for sale IV |
219.4 | |
| Change in net cash I+II+III +IV | (877.7) | 533.6 |
| Net cash at beginning of period | 4,487.7 | 3,993.6 |
| Others variations | (15.9) | (39.6) |
| Net cash at end of period | 3,594.0 | 4,487.7 |
| Increase (decrease) of cash management financial assets | 758.2 | 52.2 |
| (Proceeds from) / repayment of loans | (1,244.9) | (5,704.6) |
| Other change | (126.4) | (8,059.0) |
| Change in net debt | (1,506.8) | (13,217.4) |
| Net debt at beginning of period | (14,796.4) | (1,579.0) |
| Net debt at end of period | (16,303.2) | (14,796.4) |