| (in € millions) | 31/12/2020 | Expense | Reversals | 31/12/2021 |
|---|---|---|---|---|
| Investments in subsidiaries and affiliates |
Investments in subsidiaries and affiliates 31/12/2020 20 |
Investments in subsidiaries and affiliates Expense 1 |
Investments in subsidiaries and affiliates Reversals - |
Investments in subsidiaries and affiliates 31/12/202121 |
| Receivables connected with investments in subsidiaries and affiliates |
Receivables connected with investments in subsidiaries and affiliates 31/12/2020 4 |
Receivables connected with investments in subsidiaries and affiliates Expense - |
Receivables connected with investments in subsidiaries and affiliates Reversals
|
Receivables connected with investments in subsidiaries and affiliates 31/12/20214 |
| Other non-current financial assets |
Other non-current financial assets 31/12/2020 3 |
Other non-current financial assets Expense - |
Other non-current financial assets Reversals
|
Other non-current financial assets 31/12/20213 |
| Total |
Total 31/12/2020 27 |
Total Expense 1 |
Total Reversals - |
Total31/12/202127 |
Treasury shares allocated to performance share plans are recognised under “Marketable securities”.
In accordance with CRC Regulation 2008-15, a provision is taken as a financial expense during the period in which the beneficiaries’ rights vest, whenever an expense becomes probable.
Treasury shares not allocated to plans are recorded under “Other non-current financial assets” at their acquisition cost.
An impairment allowance is recognised as a financial expense if the average stock market price of these shares during the last month of the period is lower than their unit cost.
Shares intended for cancellation are not written down.
Whenever plans are hedged by call options, the premiums paid are recorded under “Marketable securities” when the options hedge performance share plans, or under “Other non-current financial assets” when they hedge share subscription option plans.
In both cases, a provision is recognised whenever an expense becomes probable. Income and expense relating to treasury shares (provisions and gains or losses on disposal) are recognised under “Net financial income/(expense)”.
| 31/12/2020 | Increases: buy-backs |
Decreases: disposals and transfers |
Reclassifications: transfers between accounts |
31/12/2021 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unit value in € |
Value in €m |
Unit value in € |
Value in €m |
Unit value in € |
Value in €m |
Unit value in € |
Value in €m |
Unit value in € |
Value in €m |
|
| Shares bought back to use in payment or exchange | 43.97 | 206 | 43.97 | 206 | ||||||
| Shares bought back to be cancelled | 89.36 | 600 | 89.74 | (538) | 86.15 | 62 | ||||
| Subtotal non-current financial assets | 206 | 600 | (538) | 267 | ||||||
| Shares intended to be transferred to the beneficiaries of performance share and employee share ownership plans |
87.48 | 1,905 | 83.46 | (199) | 87.98 | 1,706 | ||||
| Subtotal current assets | 1,905 | - | (199) | 1,706 | ||||||
| Total cash transactions on VINCI shares |
79.79 | 2,111 | 600 | (737) | 79.79 | 1,973 | ||||
During 2021:
The €66 million impairment allowance recognised at 31 December 2020 based on the average stock market price of VINCI shares in December 2020 (€84.72) was released and a new impairment allowance of €19 million was recognised at 31 December 2021, based on the average stock market price of VINCI shares in December 2021, i.e. €87.91.
| 31/12/2020 | Increases: buy-backs |
Decreases: disposals and transfers |
Situation au 31/12/2021 | |
|---|---|---|---|---|
| Shares bought back to use in payment or exchange |
Shares bought back to use in payment or exchange 31/12/2020 4,677,876 |
Shares bought back to use in payment or exchange Increases: buy-backs
|
Shares bought back to use in payment or exchange Decreases: disposals and transfers
|
Shares bought back to use in payment or exchange Situation au 31/12/20214,677,876 |
| Shares bought back to be cancelled |
Shares bought back to be cancelled 31/12/2020
|
Shares bought back to be cancelled Increases: buy-backs 6,714,354 |
Shares bought back to be cancelled Decreases: disposals and transfers (6,000,000) |
Shares bought back to be cancelled Situation au 31/12/2021714,354 |
| Subtotal non-current financial assets |
Subtotal non-current financial assets 31/12/2020 4,677,876 |
Subtotal non-current financial assets Increases: buy-backs 6,714,354 |
Subtotal non-current financial assets Decreases: disposals and transfers (6,000,000) |
Subtotal non-current financial assetsSituation au 31/12/20215,392,230 |
| Shares intended to be transferred to the beneficiaries of performance share and employee share ownership plans |
Shares intended to be transferred to the beneficiaries of performance share and employee share ownership plans 31/12/2020 21,779,619 |
Shares intended to be transferred to the beneficiaries of performance share and employee share ownership plans Increases: buy-backs
|
Shares intended to be transferred to the beneficiaries of performance share and employee share ownership plans Decreases: disposals and transfers (2,390,066) |
Shares intended to be transferred to the beneficiaries of performance share and employee share ownership plans Situation au 31/12/202119,389,553 |
| Subtotal current assets |
Subtotal current assets 31/12/2020 21,779,619 |
Subtotal current assets Increases: buy-backs - |
Subtotal current assets Decreases: disposals and transfers (2,390,066) |
Subtotal current assetsSituation au 31/12/202119,389,553 |
| Total cash transactions on VINCI shares |
Total cash transactions on VINCI shares 31/12/2020 26,457,495 |
Total cash transactions on VINCI shares Increases: buy-backs 6,714,354 |
Total cash transactions on VINCI shares Decreases: disposals and transfers (8,390 066) |
Total cash transactions on VINCI shares Situation au 31/12/202124,781,783 |
At 31 December 2021, VINCI held 24,781,783 treasury shares directly (representing 4.18% of the share capital), for a total of €1,973 million or an average of €79.62 per share:
