The table below shows the remuneration and similar benefits, on a full-year basis, granted by VINCI SA and the companies that it controls to persons who, at the balance sheet date are (or, during the period, have been), members of the Group’s governing bodies and Executive Committee. The corresponding amounts have been recognised and expensed in 2022 and 2021 as follows:
| Members of governing bodies and the Executive Committee | ||
|---|---|---|
| (in € thousands) | 2022 | 2021 |
| Remuneration | 15,880 | 11,576 |
| Employer social contributions | 7,340 | 8,449 |
| Post-employment benefits | 1,863 | 2,320 |
| Termination benefits | – | 3,102 |
| Share-based payments (*) | 8,178 | 9,647 |
| Remuneration as Board members | 1,277 | 1,379 |
(*) This amount is determined in accordance with IFRS 2 and as described in Note K.30, “Share-based payments”.
The variable portion of remuneration and similar benefits relating to 2022 is an estimate, for which a provision has been taken in the period.
The aggregate amount of retirement benefit obligations (contractual lump sums payable on retirement and supplementary defined benefit plans) in favour of members of the Group’s governing bodies and Executive Committee amounted to €58 million at 31 December 2022 (€75 million at 31 December 2021).
Qatar Holding LLC owned 3.3% of VINCI at 31 December 2022. VINCI Construction Grands Projets (49%) and Qatari Diar Real Estate Investment Company (QD, 51%) jointly own Qatari Diar VINCI Construction (QDVC), which is accounted for under the equity method.
This company carries out construction projects in Qatar and international markets. It generated revenue of €322 million in 2022.
Group companies can also carry out work for principals in which QD may have a shareholding.
The Group has normal but non-material business relations with companies in which members of the VINCI Board of Directors are senior executives or directors.
Financial information on companies accounted for under the equity method is given in Note E.10.2, “Aggregated financial information”.
As recommended by the AMF, this table includes only fully consolidated companies.
| Deloitte 2022 | PwC 2022 | KPMG 2022 | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in € millions) | Statutory Auditor (Deloitte & Associés) | Network | Total Deloitte | % | Statutory Auditor (PwC Audit) | Network | Total PwC | % | Statutory Auditor (KPMG Audit IS) | Network | Total KPMG | % | ||||||||||||
| Certification, half-year limited review of statutory and consolidated financial information | ||||||||||||||||||||||||
| VINCI SA | 0.4 | – | 0.4 | 2% | 0.4 | – | 0.4 | 3% | – | – | – | 0% | ||||||||||||
| Fully consolidated subsidiaries | 6.5 | 7.0 | 13.6 | 83% | 4.6 | 4.4 | 9.0 | 77% | 2.0 | 0.8 | 2.8 | 84% | ||||||||||||
| Subtotal | 6.9 | 7.0 | 14.0 | 86% | 5.0 | 4.4 | 9.4 | 81% | 2.0 | 0.8 | 2.8 | 84% | ||||||||||||
| Services other than certification of accounts (*) | ||||||||||||||||||||||||
| VINCI SA | 0.5 | – | 0.5 | 3% | 0.3 | – | 0.3 | 3% | – | – | – | 0% | ||||||||||||
| Fully consolidated subsidiaries | 0.2 | 1.6 | 1.8 | 11% | 0.1 | 1.8 | 1.9 | 17% | 0.1 | 0.5 | 0.5 | 16% | ||||||||||||
| Subtotal | 0.7 | 1.6 | 2.3 | 14% | 0.4 | 1.8 | 2.2 | 19% | 0.1 | 0.5 | 0.5 | 16% | ||||||||||||
| Total | 7.7 | 8.6 | 16.3 | 100% | 5.4 | 6.3 | 11.7 | 100% | 2.1 | 1.2 | 3.4 | 100% | ||||||||||||
(*) Services other than certification of accounts include services required by regulations and those provided at the request of controlled entities: contractual audits, comfort letters, audit certificates, agreed procedures, consulting and assignments relating to changes in accounting standards, due diligence procedures for acquisitions, audits of procedures and information systems, and tax services that do not impair auditor independence.
(**) Statutory Auditor for certain Group subsidiaries.
The companies comprising the VINCI Group are sometimes involved in litigation arising from their activities. The related risks are assessed by VINCI and the subsidiaries involved on the basis of their knowledge of the cases, and provisions are taken in consequence as appropriate.
