| (in € millions) | Capital | Share premium | Reserves and retained earnings |
Profit or loss | Total |
|---|---|---|---|---|---|
| Equity at 31/12/2020 |
Equity at 31/12/2020 Capital 1,471 |
Equity at 31/12/2020 Share premium 11,631 |
Equity at 31/12/2020 Reserves and retained earnings 17,738 |
Equity at 31/12/2020 Profit or loss 235 |
Equity at 31/12/2020Total31,075 |
| Appropriation of 2020 net income |
Appropriation of 2020 net income Capital
|
Appropriation of 2020 net income Share premium
|
Appropriation of 2020 net income Reserves and retained earnings 235 |
Appropriation of 2020 net income Profit or loss (235) |
Appropriation of 2020 net income Total- |
| Dividends paid in respect of 2021 |
Dividends paid in respect of 2021 Capital
|
Dividends paid in respect of 2021 Share premium
|
Dividends paid in respect of 2021 Reserves and retained earnings (1,157) |
Dividends paid in respect of 2021 Profit or loss
|
Dividends paid in respect of 2021 Total(1,157) |
| Increases in share capital |
Increases in share capital Capital 25 |
Increases in share capital Share premium 714 |
Increases in share capital Reserves and retained earnings
|
Increases in share capital Profit or loss
|
Increases in share capital Total739 |
| Decrease in share capital |
Decrease in share capital Capital (15) |
Decrease in share capital Share premium
|
Decrease in share capital Reserves and retained earnings (523) |
Decrease in share capital Profit or loss
|
Decrease in share capital Total(538) |
| Net income for 2021 |
Net income for 2021 Capital
|
Net income for 2021 Share premium
|
Net income for 2021 Reserves and retained earnings
|
Net income for 2021 Profit or loss 2,580 |
Net income for 2021 Total2,580 |
| Equity at 31/12/2021 |
Equity at 31/12/2021 Capital 1,481 |
Equity at 31/12/2021 Share premium 12,345 |
Equity at 31/12/2021 Reserves and retained earnings 16,293 |
Equity at 31/12/2021 Profit or loss 2,580 |
Equity at 31/12/2021Total32,699 |
At 31 December 2021, VINCI’s share capital amounted to €1,481 million, represented by 592,362,376 shares with nominal value of €2.50 each, all conferring the same rights.
VINCI has reserves (share premiums, merger and contribution premiums, reserves other than the statutory reserve) of an amount greater than the amount of all the treasury shares it owned directly or indirectly at 31 December 2021.
Dividends paid in 2021 amounted to €1,528 million, corresponding to the final dividend in respect of 2020 for €1,157 million (€2.04 per share) paid in cash on 22 April 2021 and the interim dividend in respect of 2021 for €371 million (€0.65 per share).
The share capital increases in 2021, amounting to €739 million, resulted from employee subscriptions to Group savings plans (see “Highlights of the period” in chapter A of the Report of the Board of Directors, page 109).
VINCI also cancelled 6,000,000 treasury shares with a purchase price of €538 million.
| (in € millions) | Number of shares | Capital | Share premiums and other reserves |
Total |
|---|---|---|---|---|
| Employees’ subscriptions to Group savings plans |
Employees’ subscriptions to Group savings plans Number of shares 9,843,158 |
Employees’ subscriptions to Group savings plans Capital 25 |
Employees’ subscriptions to Group savings plans Share premiums and other reserves 714 |
Employees’ subscriptions to Group savings plans Total739 |
| Decrease in share capital |
Decrease in share capital Number of shares (6,000,000) |
Decrease in share capital Capital (15) |
Decrease in share capital Share premiums and other reserves (523) |
Decrease in share capital Total(538) |
| Total |
Total Number of shares 3,843,158 |
Total Capital 10 |
Total Share premiums and other reserves 191 |
TotalTotal201 |
Provisions are recorded in the balance sheet in respect of the Company’s obligations to pay supplementary pensions to certain employees or company officers, for the part relating to beneficiaries who are retired. An off-balance sheet commitment is recorded for the portion relating to beneficiaries who have not yet retired.
Retirement benefit obligations (lump sums paid on retirement and supplementary retirement benefit plans) are measured using the prospective actuarial method (the projected unit credit method) on the basis of external assessments made at each period end, for each existing plan.
Other provisions are intended to cover the risks arising from past or present events that are probable at the balance sheet date.
They are estimates as regards their amount and expected period of use.
| Reversals | |||||
|---|---|---|---|---|---|
| (in € millions) | 31/12/2020 | Expense | Provisions used | No longer needed | 31/12/2021 |
| Retirement and other employee benefit obligations | 13 | 17 | (5) | 26 | |
| Liabilities in respect of subsidiaries | 3 | - | 3 | ||
| Other provisions | 447 | 299 | (224) | 523 | |
| Total | 464 | 317 | (228) | - | 553 |
Provisions for retirement and similar benefit obligations relate solely to beneficiaries who have retired.
